Grand Bleu Tower at Emaar Beachfront Escrow Account

Abu Dhabi Commercial Bank holds the DLD-registered escrow account for Grand Bleu Tower at Emaar Beachfront, account number 1065*****20009 (shown in full in the Escrow Details section above), opened under DLD project number 2152 when the project was registered on 9 April 2019. The same bank is named as the trust account holder on the RERA inspection file for the project, so two independent Dubai Land Department sources agree on it.

The bank released funds to the developer only against construction progress certified by RERA inspectors, never on the developer's own schedule. That cycle ran from registration through to the inspection dated 12 June 2024, which certified 100 percent, up from 91.54 percent at the previous inspection, with the progress status recorded as Completed. The individual readings are tracked on the Grand Bleu Tower construction updates page.

No. Project payments belong in the DLD-registered escrow account 1065*****20009 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to route funds to a personal account, an agent's account or an alternative company account, particularly one sweetened with a discount for paying directly, is the standard shape of payment diversion fraud however convincing the paperwork appears. Any such request warrants a check against the escrow record in Dubai REST and the details in the Sales and Purchase Agreement before funds move.

While the towers were under construction, each sale was recorded on the Dubai Land Department interim register through Oqood, which is what linked a buyer's escrow payments to a specific unit. Now that the building is complete and certified, units sit on the main property register, a purchase is registered as a transfer at the Dubai Land Department, and the buyer receives a title deed rather than an Oqood certificate. Layouts, pricing and the wider purchase case are covered on the Grand Bleu Tower project guide.

No. The 4% DLD registration fee is a government charge on the transaction and is paid to the Dubai Land Department when ownership is registered, separately from the purchase price. The escrow account exists to hold project funds under supervision; the registration fee never passes through it.

The protection held throughout. The Dubai Land Department register records a completion date of 30 May 2023, while the certificates that actually closed the building came later: Dubai Civil Defence clearance on 1 May 2024 and the Building Completion Certificate issued by DDA on 31 May 2024. Across that entire period buyer funds remained in the escrow account and could be released only against certified progress, so capital stayed protected while the work finished. Escrow protects capital rather than compensating for a delay; any compensation terms sit in the Sales and Purchase Agreement.

The Dubai REST app publishes the registered escrow details for every DLD-registered project. Opening Services, then Project Status, and searching project number 2152 or the registered name Grand Bleu Tower Interiors By Elie Saab brings up the project file, where the Escrow Account panel shows the bank and account number to match against the Sales and Purchase Agreement. Independent verification takes about two minutes and is the only check that does not depend on trusting a document someone handed over.

Emaar has taken a series of Dubai projects through the same DLD escrow and inspection framework to completed handover in recent years, including Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024. A developer that repeatedly closes escrow cycles is the most concrete evidence available that a certified completion on any one project is routine rather than exceptional, and those four completions are listed with their dates in the Track Record section of this page.

When the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under Department supervision. That is precisely why paying only into the registered account matters, because money sent anywhere else sits outside the protection entirely. With the project recorded as Finished and certified at 100 percent on 12 June 2024, Grand Bleu Tower is far past the stage where cancellation is a realistic concern, but the mechanism exists regardless. The wider framework is explained in the Dubai Land Department guide.

It remains the registered project account on the Dubai Land Department record, and it stays relevant for two reasons. Owners and buyers of completed units still receive fraudulent payment requests that imitate developer or agency correspondence, and the registered escrow details are the reference that exposes them. A retention share also remains held after completion to cover defect repairs, which is what gives a documented snagging list its leverage. The purchase price of a completed residence, by contrast, settles through the Dubai Land Department transfer process rather than through the project escrow account.