HQ by Rove Escrow Account

Commercial Bank of Dubai (PSC) holds the trust account for HQ by Rove, account number 1010*****7 (shown in full in the Escrow Details section above), recorded against DLD project number 4143 when the project was registered on 22 October 2025.

The plan is 15 percent plus the 4 percent DLD registration fee on booking, 35 percent during construction in instalments of 5 percent, and 50 percent on completion. Booking and construction instalments are paid into the project escrow account, and the bank releases funds to the developer against construction progress recorded through the Dubai Land Department inspection cycle rather than on the developer's own schedule. The final 50 percent falls due at completion, with handover anticipated in Q1 2029.

The Dubai Land Department register records progress of 0.7 percent for project 4143 at the inspection dated 6 July 2026, against 0.06 percent at the reading before it. The independent progress monitoring report for that inspection prints no percentage of its own and records enabling works progressing on plot 107, with the building consented as 5B+G+3P+26+MEP+R. Month by month detail is tracked on the HQ by Rove construction updates page, and that inspection is set out in full in the HQ by Rove construction update for July 2026.

The escrow arrangement continues regardless of the calendar. Funds stay in the project account and are released against recorded construction progress rather than against a promised date. Escrow protects capital while the project is built; it does not itself compensate for delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for HQ by Rove belongs in the DLD-registered escrow account 1010*****7 at Commercial Bank of Dubai (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send money to a personal account, a brokerage account, or a different company account, particularly one offered alongside a discount for paying outside escrow, is the standard shape of payment diversion fraud however official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and against the Sales and Purchase Agreement before any funds are sent.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected balance under DLD supervision. That mechanism only reaches money that entered the registered account: funds sent anywhere else sit outside it entirely. The wider framework is explained in the Dubai Land Department guide.

The Dubai Land Department register carries a completion date of 31 March 2029 for project 4143, and the developer anticipates handover in Q1 2029. The two records agree, since 31 March 2029 is the final day of that quarter. Construction was recorded as started on 15 December 2025.

Yes. HQ by Rove is registered as project number 4143 under developer number 2267, IRTH Urban Development L.L.C, with status Active and a built-up area of 47,131.26 sq m on plot 107 in Business Bay. Registration was recorded on 22 October 2025, and the trust account at Commercial Bank of Dubai (PSC) forms part of that registration.

Yes. HQ by Rove is freehold and open to all nationalities, and an office can be held by an individual or by a company.

Studio offices at HQ by Rove start from AED 3.03 million (approx USD 826,000), above the AED 2 million property investment threshold for the 10-year Golden Visa, and the deluxe and penthouse tiers sit further above it. Eligibility is assessed on the individual application and the title issued, and the requirements are covered in the HQ by Rove Golden Visa guide.