Creek Palace at Dubai Creek Harbour Escrow Account

Emirates NBD Bank (P.J.S.C) holds the Creek Palace escrow account, number 0205*****5309 (shown in full in the Escrow Details section above). The account is recorded in Dubai REST against DLD project number 2191, which the Dubai Land Department registered on 16 January 2020.

Buyer instalments for Creek Palace were held in the escrow account and released to the developer only against construction progress recorded by the Dubai Land Department, so payments followed the building rather than the calendar. The DLD project register recorded 100% at the inspection of 15 November 2024, up from 92.15% at the previous inspection, and lists the project as Finished. That reading is 677 days old as of 23 September 2026 and is the latest inspection on the register. The full inspection record is tracked on the Creek Palace construction updates guide.

No. The Creek Palace launch plan called for 10% + 4% DLD at booking: the 10% down payment went into the project escrow account, while the 4% DLD registration fee was paid to the Dubai Land Department to register the sale and did not pass through escrow. The fee and the wider DLD framework are explained in the Dubai Land Department guide.

Oqood is the Dubai Land Department's interim register for off-plan sales. Registering a Creek Palace purchase under Oqood recorded the unit against project 2191, the project whose Emirates NBD escrow account received the buyer's payments. With the building finished, the interim Oqood record gives way to a title deed issued by the Dubai Land Department once the unit is handed over and paid in full.

No. Payments owed to the developer on a Creek Palace off-plan sale are payable into the DLD-registered escrow account 0205*****5309 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send money to a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however official the documents appear. Any such request is checked against the escrow account shown in Dubai REST and the details in the Sales and Purchase Agreement before funds move.

It depends on the seller. On a purchase from the developer, the Sales and Purchase Agreement sets where each payment goes, and any payment it routes to the project escrow account has to match the Emirates NBD account registered in Dubai REST for project 2191. On a resale between owners, the price is paid to the selling owner as part of the Dubai Land Department transfer, not into the project escrow account, because escrow governs money owed to the developer rather than money changing hands between owners.

Money in the Creek Palace escrow account could only be released against recorded progress, so a slower build would have slowed releases to the developer rather than exposing buyer funds. Escrow protects capital; it does not compensate for delay, and any delay terms sit in the Sales and Purchase Agreement. In practice the DLD register recorded 100% on 15 November 2024, more than a year before the project's registered completion date.

The Creek Palace escrow account protects payments owed to the developer. It does not pay compensation for delay, does not guarantee a resale price or rental return, does not collect annual service charges, and does not protect money sent to any account other than the registered one. Defects in a finished unit are a separate matter handled under the developer's defect obligations; the independent pre-acceptance check is covered in the Creek Palace snagging inspection guide.

The Dubai REST app shows it. Under Services, then Project Status, a search for project number 2191 or "Creek Palace" opens the project record, and its Escrow Account panel lists the bank and the account number. The same number appears in the escrow details of a Creek Palace Sales and Purchase Agreement, and the two match digit for digit on a genuine payment instruction.

Creek Palace itself is listed as Finished on the DLD register, with 100% recorded on 15 November 2024. Beyond it, Emaar's recently delivered Dubai projects include Seagate (delivered September 2025), June (delivered June 2025) and Bliss (delivered November 2024), each sold through its own DLD-registered escrow account under the same inspection framework.