Dubai Creek Residences at Dubai Creek Harbour Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Dubai Creek Residences, account number 0016*****683801 (shown in full in the Escrow Details section above), recorded against DLD project number 1597, which entered the register on 26 October 2014 as "The Dubai Creek Residences".

While the six towers were being built, off-plan buyer payments went into the escrow account rather than to the developer directly, and money was released in stages as DLD inspections recorded construction progress. The DLD register reading for the inspection of 06 March 2019 is 100%, and the project is now listed as Finished, so that release cycle has closed. The dated inspection record is tracked on the Dubai Creek Residences construction updates page.

On a resale between owners, the price normally passes from buyer to seller, or to the seller's mortgage bank where one is involved, through the transfer registered at a DLD trustee office; the project escrow account is not part of that route. On a unit still held by the developer, payment goes to the project escrow account at Dubai Islamic Bank as recorded in the sale agreement, and the developer is the party that confirms that route before any transfer.

No. Any payment owed to the developer for a Dubai Creek Residences unit belongs in the DLD-registered escrow account 0016*****683801 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), and resale money moves through the DLD trustee transfer, never through an agent's account. A request to route money to a personal account, to an agent, or to a different company account, particularly one that comes with a discount for paying fast, fits the standard shape of payment fraud, whatever the paperwork looks like. The safe test for any such request is a match against the escrow account shown in Dubai REST and against the sale documents before funds move.

No. The 4% DLD registration fee is paid to the Dubai Land Department, not into the project escrow account. On an off-plan sale it was settled when the unit was registered under Oqood; on a ready purchase today it is paid at the transfer, usually by the buyer. The fee funds registration rather than construction, so it never formed part of the money released against progress. The registration framework is covered in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service lists the project under number 1597 and the name "The Dubai Creek Residences". Its Escrow Account panel shows the bank, Dubai Islamic Bank (Public Joint Stock Company), and the account number, and the project record shows the status Finished and 924 units. The latest inspection on the register is dated 06 March 2019, so the live app, not a saved screenshot, is the reference before any payment.

Oqood is the DLD's interim register for off-plan units, and it recorded each Dubai Creek Residences sale while the towers were under construction. After completion (Building Completion Certificates were issued on 13 February 2019, according to the RERA inspection report dated 06 March 2019), Oqood registrations are converted to title deeds through the developer and the DLD. A resale today transfers the title deed itself at a DLD trustee office, and the timing of any individual conversion is confirmed with the developer or the DLD.

Escrow protected buyer capital by tying releases to inspected progress; it does not compensate. It does not pay for delays, whose terms sit in the sale and purchase agreement, and it does not guarantee resale prices, rental returns or service charge levels. It offers no protection for money paid anywhere other than the registered account, and on a resale between owners the purchase price travels through the DLD transfer rather than through escrow.

Dubai Creek Residences completed its own escrow and inspection cycle: DLD registration on 26 October 2014, construction started 01 January 2015, Dubai Civil Defence completion received 11 November 2018, Building Completion Certificates issued 13 February 2019, and a 100% register reading on 06 March 2019, with the project now listed as Finished. Beyond this project, recent Emaar handovers include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024).

The escrow framework keeps a retention portion back after completion toward defect repairs, but the DLD register does not publish retention balances, and with completion recorded in early 2019 that retention is likely to have been released. The present condition of an individual apartment or penthouse is therefore a matter for an independent inspection, which is covered in the Dubai Creek Residences snagging inspection guide.