Lumena Alta Escrow Account

Mashreq Bank PSC holds the escrow account for Lumena Alta, account number 0190*****489, registered under DLD project number 4090 with the Dubai Land Department on 30 March 2026. The full number is revealed by the Show button in the Escrow Details section of this page.

Under the 50/50 payment plan, the booking form, SPA and dated instalments, which together make up 50 percent of the price, are paid into the escrow account during construction, and the remaining 50 percent is due on project completion. Money held in the account is released to the developer only against construction progress recorded by the Dubai Land Department, not according to the payment calendar. A retention portion stays in the account after completion as a reserve against defects.

No. Off-plan instalments for Lumena Alta belong in the DLD-registered escrow account 0190*****489 at Mashreq Bank PSC, exactly as the Sales and Purchase Agreement records it; the complete number appears in the Escrow Details section of this page. A request to route money to a personal account, a broker's account or a different company account, particularly one that comes with the offer of a discount, is a recognised sign of payment diversion fraud, however authentic the documents look. Money sent outside the registered account does not carry escrow protection.

No. The 4% DLD registration fee goes straight to the Dubai Land Department when the 5% booking form instalment is made, and it never passes through the escrow account. Applied to the AED 25.00M ≈ USD 6.81M starting price, the fee amounts to AED 1.00M. Only purchase-price instalments are held in escrow.

The Dubai Land Department project register shows 0% for Lumena Alta at the inspection dated 23 July 2026, the same as the previous reading on 26 September 2025, and the July 2026 inspection report records that no construction activity had started at site. Because releases from the escrow account follow recorded construction progress, a 0% reading places the build at its starting point on the register while buyer instalments remain under DLD supervision. Each dated reading is tracked on the Lumena Alta construction updates page.

Yes. A later handover does not unlock the account: instalments already paid stay in escrow, and the developer can draw on them only as the Dubai Land Department records construction progress. Handover is currently expected in Q1 2030. Escrow protects the buyer's capital during the build but does not pay compensation for delay; delay terms are a matter for the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to Lumena Alta buyers are then handled from the funds held in that account under DLD supervision. The safeguard reaches only money paid into the registered account; a payment made anywhere else falls outside it. How the Dubai Land Department supervises trust accounts and cancelled projects is set out in the Dubai Land Department guide.

An off-plan office at Lumena Alta is recorded with the Dubai Land Department on the Oqood register, the interim registration of an off-plan sale, once the booking and the Sales and Purchase Agreement are in place. After project completion and payment of the final 50 percent, the unit is transferred and the Dubai Land Department issues a title deed in the buyer's name.

Escrow funds are not returned on request. Outside a project cancellation, whether any amount paid toward a Lumena Alta office is refundable depends on the termination provisions of the Sales and Purchase Agreement and on Dubai's off-plan regulations, while the escrow account keeps holding the paid instalments in the meantime.

The escrow account protects purchase-price instalments paid into it; it is not a guarantee of returns. It does not compensate for delay, does not hold the 4% DLD registration fee, does not cover money sent to any other account, and does not fund fit-out, since Lumena Alta offices are delivered as shell and core. Rental income, resale value and service charges sit outside the account entirely.

The escrow details for Lumena Alta are public in the Dubai REST app under Services, then Project Status, by searching project number 4090 or the registered name Lumena Alta by Omniyat. The escrow panel shows the bank, Mashreq Bank PSC, and the account number, and both are expected to match the Sales and Purchase Agreement and every payment instruction exactly.