Lyvia by Palace at Dubai Creek Harbour Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Lyvia by Palace, account number 3538*****6213 (shown in full in the Escrow Details section above), linked to DLD project number 4098, which was registered with the Dubai Land Department on 24 September 2025. The Independent Progress Monitoring Report of 17 March 2026 names the same bank as the project's trust account bank.

Every Lyvia by Palace instalment is paid into the project escrow account first. The bank releases funds to the developer only against construction progress recorded by RERA inspections, under Dubai Land Department supervision, so releases follow the site rather than the payment calendar. The buyer's own due dates are fixed in the Sales and Purchase Agreement: four date-based instalments (December 2025, May 2026, October 2026 and April 2027), three linked to 50%, 70% and 90% construction completion, and a final 20% linked to 100% completion, scheduled for July 2029. The full plan is set out in the Lyvia by Palace project guide.

Lyvia by Palace stood at 4.77% at the RERA inspection dated 17 March 2026, up from 0% at an earlier inspection for which the DLD register gives no date, with site mobilization under way and enabling and piling works progressing. Releases from escrow to the developer are measured against readings like this one, and at 4.77% none of the construction-linked instalments has been reached: the first of them falls due at 50% completion. Each new reading is tracked on the Lyvia by Palace construction updates page.

No. The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, due at booking alongside the 10% down payment, and it is not an instalment of the Lyvia by Palace price. The payments made into the project escrow account are the instalments of the price itself, from the 10% down payment to the final 20% at completion.

A Lyvia by Palace purchase is registered in Oqood, the Dubai Land Department's interim register for off-plan sales, against project number 4098 once the Sales and Purchase Agreement is signed and the booking payment and 4% DLD registration fee are settled. The Oqood entry records the buyer's interest in the unit throughout construction and links it to the registered project whose escrow account receives the payments. A title deed replaces it after completion and handover.

Yes, the protection continues. Money paid toward Lyvia by Palace stays in the escrow account and is released only against recorded construction progress, whatever the calendar says, so a later handover does not move funds out of escrow any faster. Escrow protects capital while the project is completed; it does not itself compensate for delays, and delay terms sit in the Sales and Purchase Agreement.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account, and refunds to buyers are paid out of the protected balance under DLD supervision. That safety net covers money paid into the registered Lyvia by Palace account; a payment sent to any other account sits outside it. The wider regulatory framework is explained in the Dubai Land Department guide.

No. Every off-plan payment for Lyvia by Palace belongs in the DLD-registered escrow account 3538*****6213 at Emirates Islamic Bank P.J.S.C. (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or an alternative company account, particularly one offered with a discount for paying directly, matches the standard pattern of payment fraud, however official the paperwork appears. Any such request can be checked against the escrow account registered for project 4098 in Dubai REST before any money moves.

The escrow details are published in the Dubai Land Department's Dubai REST app. Under Services and then Project Status, a search for project number 4098 or Lyvia By Palace opens the project record, and its Escrow Account panel shows the bank name and account number. The same record lists the project as Active, registered on 24 September 2025, with construction started on 7 November 2025 and a completion date of 31 July 2029.

Emaar's recent Dubai handovers include Creek Palace (March 2026), which sits inside Dubai Creek Harbour, as well as Seagate (September 2025), June (June 2025) and Bliss (November 2024), each sold off plan under the same DLD escrow framework that now governs Lyvia by Palace. By its own FY 2024 figures, Emaar has delivered 118,400+ residential units, with 50,500+ more under development.