Claydon House Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Claydon House, account number 4031*****7215002 (the full number is revealed in the Escrow Details section above), linked to DLD project number 3098, with a DLD registration date of 6 November 2024.

Under the 70/30 plan, the 20% booking payment and the instalments due 60, 120, 240 and 360 days after the reservation date (10%, 10%, 5% and 5%) are paid into the escrow account, and so are the four 5% instalments due on completion of 30%, 40%, 50% and 60% construction. The DLD register reading of 15.72% recorded on 6 August 2026 had not triggered any of the construction-linked instalments. Funds leave the account for the developer against construction progress recorded through the DLD inspection cycle, not on the payment dates themselves.

The DLD register recorded Claydon House at 15.72% on 6 August 2026, up from a previous reading of 9.7% that is shown without a date. According to the RERA report from the same inspection, the enabling and foundation works were done and the substructure and superstructure were in progress. Escrow releases follow recorded progress, so the funds tied to the remaining works stay in the account until subsequent inspections record those works. Newer readings, as they are published, are tracked on the Claydon House construction updates page.

Yes. The money remains in escrow, and releases keep depending on recorded construction progress rather than on dates. The DLD register lists 31-12-2027 as the registered completion date, and handover is expected in Q4 2027. Escrow protects buyer capital while the project is built out, but it does not itself pay compensation if the timetable changes; any such terms sit in the Sales and Purchase Agreement.

No. Each off-plan payment for Claydon House goes into the DLD-registered escrow account 4031*****7215002 at First Abu Dhabi Bank (the complete number is available in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. Fraudulent instructions usually look routine: a new bank name, an account held by a person or an agent, or a discount offered for paying outside escrow. Each of those is a warning sign, and any payment instruction that differs from the escrow account shown in Dubai REST and in the Sales and Purchase Agreement is a reason to halt the transfer.

Should the Dubai Land Department cancel a registered project, control of the escrow account passes to RERA, and refunds to buyers are handled from the protected funds under DLD supervision. That protection reaches only the money paid into the registered account, so payments sent anywhere else fall outside it. The wider regulatory framework is explained in the Dubai Land Department guide.

No. The 4% DLD registration fee is payable to the Dubai Land Department at booking, together with the 20% first instalment, and it is not held in the escrow account. It is the government charge for recording the purchase under Oqood, separate from the purchase payments that escrow protects.

The remaining 30% of the price is payable on completion into the same escrow account as the earlier instalments; the expected handover is Q4 2027. Under the escrow framework a portion of the funds is kept back after completion as a reserve against defects, which gives the developer a financial reason to remedy issues raised at handover. The completion and handover terms for each unit are set out in its Sales and Purchase Agreement.

The DLD record for project 3098 names E L P D Developers L.L.C, developer number 1687, as the registered developer, and the project is marketed as Claydon House by Ellington Properties. Ellington has announced earlier Dubai completions including Harrington House in Jumeirah Village Circle (92 residences, with handover beginning on 1 November 2022, described by the developer as completed ahead of schedule), Belgravia Heights I, DT1, Wilton Terraces and Wilton Park Residences. Those completions are attributed to the Ellington brand in its own announcements rather than to the registered entity.

The escrow account protects the purchase payments made into it, and only those. It does not hold the 4% DLD registration fee, it does not cover money sent to any other account, and it does not pay compensation if the construction timetable changes, because those terms sit in the Sales and Purchase Agreement. It also has no bearing on rental income, resale value or service charges after handover: escrow protects capital, it does not guarantee an investment outcome.

In the Dubai REST app, the Project Status service under Services lists project 3098 under the register name "Claydon House By Ellington". Its Escrow panel shows the bank, First Abu Dhabi Bank P.J.S.C., and the account number, which should match both the Escrow Details section of this page and the escrow clause of the Sales and Purchase Agreement. The three steps are set out in the Verify section above.