City Walk Crestlane 4 Escrow Account

The City Walk Crestlane 4 escrow account is held at First Abu Dhabi Bank P.J.S.C. under account number 4031*****8211002, with the full number in the Escrow Details section above. The same bank is named as the trust account bank in the RERA progress report for DLD project number 4286, which was registered on 23 December 2025.

Under the 75/25 plan, the 20% booking payment and the six dated instalments, 55% in total between May 2026 and April 2028, are paid into the project escrow account rather than to Meraas. The bank releases funds to the developer only against construction progress verified through the DLD inspection process. The final 25% is due on handover, dated April 2030 in the developer's payment plan, with handover expected in Q2 2030.

The developer's launch schedule dates the first instalment (10%) to May 2026 and the second (5%) to September 2026, and both dates had passed by November 2026. For a purchase made after those dates, Meraas confirms the applicable schedule, including any catch-up amount due at booking, in the Sales and Purchase Agreement. Whatever the amount, it is paid into the same DLD-registered escrow account as every other instalment.

Escrow releases follow verified construction progress, and the DLD register recorded City Walk Crestlane 4 at 0.01% at the inspection of 06 October 2026, with a RERA progress status of Pre-Construction (On Hold). The construction that releases are measured against therefore lies almost entirely ahead, while the payment plan runs on calendar dates. Each new dated reading is tracked on the City Walk Crestlane 4 construction updates page.

Yes, the protection does not depend on the calendar. Money paid into the escrow account stays there and is released only against verified construction progress, however long the build takes. Escrow protects the capital paid in; it does not compensate for delay, and any delay terms for City Walk Crestlane 4 are set out in the Sales and Purchase Agreement.

No. Every off-plan payment for City Walk Crestlane 4 belongs in the DLD-registered escrow account 4031*****8211002 at First Abu Dhabi Bank P.J.S.C. (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offered with a discount for paying outside escrow, matches the usual pattern of payment fraud regardless of how official it looks. The reliable reference for any such instruction is the escrow account shown for project 4286 in Dubai REST, read together with the SPA.

Should the Dubai Land Department cancel a registered project, RERA takes control of the escrow account, and refunds to buyers are handled from the protected funds under DLD supervision. That safeguard reaches only money paid into the registered account; funds sent anywhere else sit outside it. The wider regulatory framework is set out in the Dubai Land Department guide.

No. The 4% DLD registration fee is payable at booking together with the 20% down payment, but it goes to the Dubai Land Department, not into the City Walk Crestlane 4 escrow account. The purchase price instalments, from the 20% booking payment to the final 25% on handover, are the payments that go into escrow.

The DLD register and the RERA progress report list the developer of City Walk Crestlane 4 as CITYWALK RESIDENTIAL 1 L.L.C, developer number 1109, while the project is marketed under the Meraas name. Both records sit under project number 4286, the registration that also carries the escrow account at First Abu Dhabi Bank P.J.S.C.

Two delivered Meraas projects are named in the City Walk Crestlane 4 brochure: BVLGARI Residences on Jumeirah Bay Island, with first handovers in February 2018, and Bluewaters Residences on Bluewaters Island, whose first phase was handed over in February 2019. City Walk Crestlane 4 itself was registered on 23 December 2025, stood at 0.01% on the DLD register at the 06 October 2026 inspection, and carries a registered completion date of 25 April 2030.

The Dubai REST app shows the escrow account for City Walk Crestlane 4 under Services, Project Status: searching project number 4286 opens the project record, and its Escrow Account panel lists the bank and the account number. Matching that number digit by digit with the payment instruction and the Sales and Purchase Agreement before each transfer confirms that the money is going to the registered account.