Le Blanc by Imtiaz Escrow Account

Ajman Bank P.J.S.C. holds the escrow account for Le Blanc by Imtiaz, account number 0111*****016 (shown in full in the Escrow Details section above). The account is attached to DLD project number 4174, registered with the Dubai Land Department on 15 December 2025, and the RERA inspection report of 8 October 2026 names the same trust account bank.

Under Option 1 of the developer's published payment plan, the 20% booking payment and the six dated instalments are paid into the project escrow account at Ajman Bank. The bank releases funds to the developer only against construction progress recorded by the Dubai Land Department, so the payment dates decide when buyers pay, while recorded progress on site decides when the developer is paid. The final 40% falls due on completion, scheduled for Q2 2028.

Under Option 1, the Dubai Land Department project register read 5.95% on 8 October 2026, when instalments totalling 30% of the price had been called, a week before the 10% instalment dated 15 October 2026. By 26 October 2026 the total due had reached 40%. Three more dated instalments, 20% in all, run from 5% on 15 February 2027 to 15 November 2027, and the remaining 40% is payable on completion. Money paid ahead of recorded progress waits in escrow rather than passing to the developer. The register readings are tracked on the Le Blanc construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at the booking step, alongside the 20% booking instalment, and is not held in the project escrow account. On a studio at AED 690K the fee is AED 27,600 ≈ USD 7.5K. As a government registration charge rather than part of the purchase price, it never forms part of the escrow balance released to the developer.

Under Option 1, 40% of the price is payable on completion, scheduled for Q2 2028, after the six dated instalments end on 15 November 2027. Until that point this share of the price stays with the buyer. After completion, a retention portion of the escrow balance is held back against defects. The Dubai Land Department register records 15 October 2028 as the registered completion date, a later date set at registration; registered dates and developer schedules can differ, and the current schedule is confirmed by Imtiaz.

Under Option 2, the developer's 3 Years Post Handover Plan, buyers pay the same dated instalments as Option 1 up to 60% and 10% on completion, leaving 30% payable after handover as twelve quarterly instalments of 2.5% over three years. Those instalments fall after completion, and the Sales and Purchase Agreement sets the account they are paid into; this page does not treat them as payments into the project escrow account. Both options follow the developer's published payment plan, and current terms are set by Imtiaz at the time of purchase.

No. Every instalment due during construction at Le Blanc by Imtiaz is paid into the DLD-registered escrow account 0111*****016 at Ajman Bank (the full number sits 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 outside escrow, matches the standard pattern of payment fraud, however official the documents appear. Such requests are checked against the escrow record for project 4174 in Dubai REST and against the Sales and Purchase Agreement before any money moves.

Yes, the escrow protection continues past any scheduled date. Money paid in stays in the escrow account and is released only against progress recorded by the Dubai Land Department, whatever the calendar says. Escrow protects capital while the tower is completed; it does not pay compensation for a delay, and any delay terms sit in the Sales and Purchase Agreement. It also does not cover the 4% DLD registration fee, payments sent to any other account, or changes in market value.

Should the Dubai Land Department cancel the project, RERA takes control of the escrow account, and refunds to buyers are paid out of the protected balance under DLD supervision. That protection reaches only money paid into the registered account for project 4174; funds sent anywhere else sit outside it. Le Blanc is at an early stage, and the 8 October 2026 RERA inspection recorded mobilization with enabling and piling works in progress, which is the stage at which this safety net carries the most weight. The DLD escrow framework as a whole is covered in the Dubai Land Department guide.

The escrow account appears in the Dubai REST app under Services, then Project Status, by searching project number 4174 or the register name Le Blanc Residence By Imtiaz. The Escrow panel shows Ajman Bank as the bank, together with the full account number, which match the Escrow Details section of this page and the escrow details in the Sales and Purchase Agreement.

The Dubai Land Department register and the RERA inspection report list IMTIAZ COVE REAL ESTATE DEVELOPMENT L.L.C, developer number 2275, as the registered developer of project 4174. The project is marketed as Le Blanc by Imtiaz under the Imtiaz Developments name, and the project appears in the register as Le Blanc Residence By Imtiaz.

According to Imtiaz announcements, the developer has completed Beach Walk Residence on Dubai Islands, reported as the first residential project handed over on Dubai Islands, with 80 residences, and Westwood Grande in Jumeirah Village Circle, reported as handed over ahead of schedule in December 2024. Westwood Grande II and Pearl House in Jumeirah Village Circle and Hyde Walk in Jumeirah Garden City complete the delivered list. These are Imtiaz group projects; the record is not attributed to IMTIAZ COVE REAL ESTATE DEVELOPMENT L.L.C, the registered developer of Le Blanc.