Eltiera Heights Escrow Account

National Bank of Ras Al Khaimah (P.S.C) holds the escrow account for Eltiera Heights, account number 0323*****3002 (shown in full in the Escrow Details section above), linked to DLD project number 3852, which the Dubai Land Department registered on 11 September 2025.

In the Dubai REST app, the Project Status service lists the project under the register name Eltiera Heights and project number 3852. Its Escrow panel shows the bank name and the escrow account number, which should match both the Escrow Details section of this page and the escrow details in the Sales and Purchase Agreement.

No. Off-plan payments for Eltiera Heights belong in the DLD-registered escrow account 0323*****3002 at National Bank of Ras Al Khaimah (the full number appears in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying directly, matches the usual pattern of payment fraud however genuine the documents appear. Such a request is checked against the escrow account shown in Dubai REST and in the Sales and Purchase Agreement, and no money moves until the two agree.

Under the 70/30 plan, the 20% booking payment, the five instalments due 60 to 360 days after the reservation date, the four 5% instalments tied to 20%, 30%, 40% and 50% construction, and the 30% completion payment are all paid into the escrow account. The bank releases money to the developer only against construction progress recorded by DLD inspections, not on the dates buyers pay.

The DLD register reading dated 20 July 2026 shows Eltiera Heights at 3.01%, up from a previous reading of 0.33% that the register lists without a date, and the RERA progress report for that inspection records enabling works and piling progressing at the site. At 3.01%, none of the four construction-linked instalments had been triggered. A newer reading may since have been added to Dubai REST, and each reading is tracked on the Eltiera Heights construction updates page.

The final 30% of the Eltiera Heights price is due on completion, with handover expected in Q4 2028; the DLD register records a registered completion date of 31-12-2028. The completion payment goes into the project escrow account like the earlier instalments, and its exact trigger and notice terms are set out in the Sales and Purchase Agreement.

No. The 4% DLD registration fee is paid to the Dubai Land Department alongside the 20% booking payment for Eltiera Heights. It is a government registration fee rather than a payment toward the property, so it does not pass into the escrow account.

The protection continues whatever the calendar says. Funds remain in the escrow account and are released only as DLD inspections record construction progress, so a later completion does not unlock money early. Escrow protects capital while the project is built; it does not compensate buyers for a change in timing, and any such terms sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a registered project such as Eltiera Heights is cancelled by the Dubai Land Department, and refunds due to buyers are settled from the funds held there under Dubai Land Department supervision. That protection reaches only money paid into the registered account; funds sent anywhere else sit outside it. How the regulator oversees off-plan projects is covered in the Dubai Land Department guide.

Yes. A retention portion of the escrow funds stays in the account after completion to cover the repair of defects, which gives the developer a financial reason to correct problems that buyers identify. Its amount and release timing are governed by the applicable rules and the Sales and Purchase Agreement rather than by the payment plan.

Ellington Properties announced that handover at Harrington House, a 92-residence building in Jumeirah Village Circle, began on 1 November 2022, and described it as completed ahead of schedule. The developer also lists Belgravia Heights I in Jumeirah Village Circle, DT1 in Downtown Dubai, and Wilton Terraces and Wilton Park Residences in Mohammed Bin Rashid City among its delivered projects. These are brand-level announcements; Eltiera Heights itself is registered with the Dubai Land Department under developer number 2371.

The escrow account protects money paid into it while Eltiera Heights is built. It does not hold the 4% DLD registration fee, it does not protect payments sent to any other account, it does not compensate buyers if the completion timetable changes, and it does not guarantee resale value or rental returns.