City Walk Crestlane 5 Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for City Walk Crestlane 5, account number 1050*****20030 (shown in full in the Escrow Details section above). ADCB is recorded as the trust account bank for DLD project 4274, which entered the Dubai Land Department register on 10 December 2025.

Under the 75/25 plan, the 20% booking payment and the six dated construction-period instalments, 55% in total, are paid into the escrow account first. The bank releases money to the developer only against construction progress verified through DLD inspections, and the remaining 25% is paid at handover, expected in Q2 2030. Because the instalments follow dates rather than construction stages, payments can sit in escrow well ahead of the works they are meant to fund.

The developer's launch schedule set the first two instalments for May 2026 (10%) and September 2026 (5%), and both dates have now passed. For a purchase made today, the schedule that applies, including any catch-up amount due at booking, is confirmed by Meraas in the Sales and Purchase Agreement. Whatever amounts that agreement confirms, each one is paid into the project escrow account rather than to Meraas or an agent directly.

No. The 4% DLD registration fee is paid to the Dubai Land Department at the booking step, alongside the 20% down payment, and it never enters the escrow account. The escrow account receives the purchase-price payments, from the down payment through to the final 25% due at handover.

No. Each off-plan payment toward City Walk Crestlane 5 belongs in the DLD-registered escrow account 1050*****20030 at ADCB (full number in the Escrow Details section above), the account recorded in the Sales and Purchase Agreement. A request to pay a personal account, a broker's account, or some other company account, above all one sweetened with a discount for paying outside escrow, fits the standard pattern of payment-diversion fraud however official the paperwork appears. The registered account shown in Dubai REST and the account written into the Sales and Purchase Agreement are the two references any such request can be tested against before money moves.

The Dubai REST app shows it directly: under Services, then Project Status, a search for project number 4274 or City Walk Crestlane 5 opens the project record, and its Escrow Account panel lists the bank and the account number. The same 14 digits appear in the escrow details of the Sales and Purchase Agreement. A transfer is ready to send only when the app, the agreement, and the payment instruction show the identical number; sibling Meraas projects also bank with ADCB, so a full 14-digit match matters more than the opening digits.

Yes. Money already paid remains in the escrow account, and releases keep depending on verified construction progress rather than on dates. Escrow protects capital while the project completes, but it does not itself compensate for delays; delay terms sit in the Sales and Purchase Agreement.

Should the Dubai Land Department cancel a project, RERA takes control of the escrow account, with refunds to buyers paid from the protected balance under DLD supervision. That safety net reaches only money paid into the registered account, so a payment sent anywhere else falls outside it. The mechanism applies at every stage of a build, including the pre-construction stage recorded for City Walk Crestlane 5 on 06 October 2026. The regulatory framework around it is covered in the Dubai Land Department guide.

The DLD register and the RERA progress report list the developer of project 4274 as CITYWALK RESIDENTIAL 1 L.L.C, developer number 1109, while the release is marketed under the Meraas name. The registered entity name and developer number are the identifiers shown on the official project record in Dubai REST, next to the escrow bank.

Two Meraas addresses named in the City Walk Crestlane 5 brochure have handovers on record: 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. Past deliveries describe the developer; the protection for payments toward this release comes from the escrow account and the DLD inspection system.

The DLD register read 0.01% on 06 October 2026, the same figure shown for the previous inspection, and the RERA progress report of that date records the status as Pre-Construction, On Hold, noting that no construction activities had started at the site. Escrow releases follow verified construction progress, and the register reading tracks that same progress, so it is the figure to read against every dated instalment. Each new reading is tracked on the City Walk Crestlane 5 construction updates page.

The escrow account protects the purchase payments made into it and nothing beyond them. Money sent to any other account sits outside the protection, the 4% DLD registration fee goes to the Dubai Land Department instead of into escrow, and the account pays no compensation for delays, which the Sales and Purchase Agreement governs. Escrow also does not set the construction timeline: the expected Q2 2030 handover depends on how the works progress.