Grandala at Jumeirah Garden City Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for Grandala, account number 1290*****20002 (the full number is available in the Escrow Details section above). ADCB is the trust account bank recorded for DLD project 3046, which entered the Dubai Land Department register on 19 June 2024.

Buyer payments for Grandala are held in the project escrow account at ADCB and are released to the developer in stages, only against construction progress recorded through Dubai Land Department inspections of project 3046. The developer cannot draw on the account freely, and the payment dates in each Sales and Purchase Agreement do not change that release rule.

The DLD register reading for Grandala was 85.92 percent at the inspection of 07 August 2026, up from 62.79 percent on 05 May 2026, with the Progress Status Main Contract - Progressing. Because releases follow recorded progress, most of the construction-linked funds now correspond to works inspected on site, while the remainder stays tied to the external envelope, MEP, internal finishes and external works still in progress. Each dated reading is tracked on the Grandala construction updates page.

No. The 4% DLD registration fee, worked out on the purchase price, goes to the Dubai Land Department to register the sale; it does not go into the Grandala escrow account and is not released to the developer. Payments toward the apartment itself are the ones made into the escrow account at Abu Dhabi Commercial Bank. How DLD registration and its fees work is explained in the Dubai Land Department guide.

No. Off-plan payments for Grandala belong only in the DLD-registered escrow account 1290*****20002 at Abu Dhabi Commercial Bank (the full number is in the Escrow Details section above), as written into the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one that comes with a discount for paying outside escrow, matches the usual shape of payment fraud regardless of how formal the documents look. Money sent to any other account falls outside DLD escrow protection, so such a request is checked against the escrow record in Dubai REST and the SPA before any transfer.

Yes, the escrow protection continues. The expected handover for Grandala is Q4 2026, and if completion moves, funds already in the escrow account stay there and are still released only against progress recorded by inspections. Escrow protects capital; it does not compensate for delays, and any delay terms sit in the Sales and Purchase Agreement. The handover stage itself is covered by the retention kept in escrow after completion and by the defect checks described in the Grandala snagging inspection guide.

Should the Dubai Land Department cancel a registered project, RERA takes control of the escrow account, and refunds to buyers are handled from the protected funds under DLD supervision. That protection only reaches money paid into the registered account, which is why the account number matters so much. With 85.92 percent on the DLD register at the 07 August 2026 inspection, Grandala is well beyond the stage at which cancellation is a realistic concern, but the mechanism applies regardless. The wider DLD framework for off-plan buyers is covered in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service lists Grandala under project number 3046 and the register name "The Grandala". Its Escrow Account panel shows the trust account bank and account number, which for Grandala should match Abu Dhabi Commercial Bank and the number in the Escrow Details section above, as well as the escrow details in the Sales and Purchase Agreement.

PALLADIUM PRIME REAL ESTATE DEVELOPMENT L.L.C, DLD developer number 1504, is the registered developer entity for the project on the DLD register. Grandala is marketed under the Palladium Developments name, and the escrow account for project 3046 is held at Abu Dhabi Commercial Bank.

Palladium Developments presents Grandala as its inaugural project, so there is no completed Palladium building on record to compare it with. For Grandala buyers, the protection rests on the DLD-registered escrow account and on the dated inspection record of project 3046, which runs from 0% at the 09 May 2024 baseline inspection to 85.92 percent on 07 August 2026. Company background is covered on the Palladium Developments developer profile.

The Grandala escrow account protects money paid into the registered account at Abu Dhabi Commercial Bank while the building is completed under DLD supervision. It does not cover money sent to any other account, it does not compensate for delays, and it does not guarantee resale prices or rental income. The 4% DLD registration fee is paid to the Dubai Land Department and is not held in escrow.