Eaton Square Escrow Account

Al Ahli Bank of Kuwait, Dubai Branch holds the escrow account for Eaton Square, account number 0800*****3002 (the complete number is in the Escrow Details section above). Dubai REST lists the bank as Al Ahli Bank of Kuwait K S C P Dubai Branch against DLD project number 4301, which was registered on 13 January 2026.

In the Dubai REST app, Services and then Project Status lead to the project search, where project number 4301 or the register name "Eaton Square" opens the record. Its Escrow panel shows the bank and the account number, and both should match the payment instruction and the Sales and Purchase Agreement exactly before any transfer is made.

Under the 70/30 plan, the 20% booking payment, five instalments dated from the buyer's reservation date and four instalments due on completion of 20%, 30%, 40% and 50% construction of the project are all paid into the escrow account, which releases funds to the developer against construction progress recorded by DLD inspections. The DLD Register Reading was 5.39% when recorded on 20 July 2026, so none of the construction-linked instalments had been triggered at that reading. The reading history is tracked on the Eaton Square construction updates page.

No. The 4% DLD registration fee is due at booking together with the 20% booking payment, but it goes to the Dubai Land Department as a registration charge rather than into the project's escrow account, so it is neither held for the project nor released to the developer.

No. All off-plan payments for Eaton Square belong in the DLD-registered escrow account 0800*****3002 at Al Ahli Bank of Kuwait, Dubai Branch (full number in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to route money to a personal account, an agent, 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. The registered escrow details in Dubai REST are the test any such request has to pass before money moves.

The protection does not depend on the calendar. Funds stay in the escrow account, and releases keep following recorded construction progress whatever the date. Handover is expected in Q2 2028 and the DLD register records a completion date of 30-06-2028; the current construction timetable is best confirmed with the developer in writing. Escrow protects capital while a project completes, but it does not provide compensation if dates change; any such terms sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled by the Dubai Land Department, and buyer refunds are then paid out of the funds held there under DLD supervision. That protection covers money paid into the registered account; payments sent anywhere else fall outside it. The wider regulatory picture is set out in the Dubai Land Department guide.

The final 30% of the price is due on completion, with handover expected in Q2 2028, and like the earlier instalments it is paid into the project's escrow account. After completion, a retention portion stays in escrow to cover defect repairs, which gives the developer a financial reason to put right defects raised at handover. The exact terms sit in the Sales and Purchase Agreement.

Ellington announced that handover of Harrington House in Jumeirah Village Circle began on 1 November 2022 and described the building as completed ahead of schedule. The developer also lists Belgravia Heights I in Jumeirah Village Circle, DT1 in Downtown Dubai and Wilton Terraces in Mohammed Bin Rashid City among its delivered projects. None of these is an office building, and no Ellington office delivery is on record.

The DLD register and the RERA progress report list the developer of Eaton Square as ELLINGTON PROPERTIES DEVELOPMENT L.L.C, developer number 1117. The project is marketed under the Ellington name, and the registered company name is the one that appears on the official project record.

The escrow account protects buyer payments made into it and controls how they are released to the developer. It does not protect money sent to any other account, it does not hold the 4% DLD registration fee, and it does not compensate for changes to the construction timetable, which are governed by the Sales and Purchase Agreement. Service charges after completion and the resale value of an office also fall outside it.