Meriva Sunset Escrow Account

Sharjah Islamic Bank holds the escrow account for Meriva Sunset, account number 0012*****9002 (the complete number appears in the Escrow Details section). The account is registered against DLD project number 4346, The Meriva Collection, which the Dubai Land Department registered on 14 April 2026 and which includes Meriva Sunset.

No. Every off-plan instalment for Meriva Sunset belongs in the DLD-registered escrow account 0012*****9002 at Sharjah Islamic Bank (visible in full under Escrow Details on this page), as written into 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 directly, fits the usual pattern of payment fraud however official the documents appear. Such a request is checked against the escrow account shown for project 4346 in Dubai REST, and against the Sales and Purchase Agreement, before any money moves.

The Dubai REST app lists the project under Project Status as number 4346, register name The Meriva Collection, status Active. Its Escrow Account panel shows the bank and account number, which for Meriva Sunset are Sharjah Islamic Bank and the number given in the Escrow Details section above. Because one DLD record covers the whole collection, a buyer of any Meriva Sunset residence checks that same project entry.

CRESTARC DEVELOPERS L.L.C, developer number 2423, is the registered developer entity for DLD project 4346, The Meriva Collection, the record that includes Meriva Sunset by Ellington Properties. The same name appears on the project's inspection report, so it is the developer name a buyer sees when matching the project on Dubai REST.

Buyer instalments are paid into the escrow account first, and the bank releases funds to the developer in stages against construction progress verified through DLD inspections. Under the Meriva Sunset 70/30 plan, 50 percent of the price is time-linked and falls due within 360 days of each buyer's reservation date regardless of site progress, four 5 percent instalments fall due on completion of 20, 30, 40 and 50 percent construction of the project, and the final 30 percent is due on completion. A time-linked payment therefore reaches the account early, while releases from the account remain governed by recorded construction progress.

The DLD register reading for project 4346 was 0% at the inspection dated 25 February 2026, and the inspection report notes that no construction activities had been started at that time. The reading covers The Meriva Collection as a whole and is the baseline from which later escrow releases are measured; none of the four construction-linked Meriva Sunset instalments had been triggered at that reading. Each later reading is tracked on the Meriva Sunset construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at the booking stage, alongside the 20% down payment, and it is not held in the Meriva Sunset escrow account. The fee is a government registration charge on top of the purchase price, whereas the escrow account holds the instalments that make up the price itself.

The AED 40,000 booking token (approx USD 10,900) is the developer's first booking step: it is paid by UAE cheque or through the Ellington Properties payment portal, after which the buyer receives a receipt and the booking form. The 20% down payment and the registration fees follow, the Sales and Purchase Agreement is signed and executed, and Ellington Properties registers the unit with DLD. The escrow account recorded in the Sales and Purchase Agreement is the destination for every scheduled instalment.

Yes. The protection lasts as long as construction does. Money stays in the escrow account and is released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the building is completed; it does not compensate buyers for a delay, and any delay terms sit in the Sales and Purchase Agreement. Ellington Properties anticipates completion in Q2 2030.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds are then paid from the protected funds, supervised by the Dubai Land Department. That safety net covers money paid into the registered account for project 4346; money sent anywhere else sits outside it. How that framework treats cancelled off-plan projects is covered in the Dubai Land Department guide.

The escrow account protects buyer money paid into it for project 4346. It does not protect a payment sent to any other account, it does not compensate for a delay, and it does not underwrite resale prices or rental income. Escrow protects capital, not returns, and delay and default terms are set out in the Sales and Purchase Agreement.

Yes. Ellington Properties began handing over Harrington House, a 92-residence building in Jumeirah Village Circle, on 1 November 2022. The developer also lists Belgravia Heights I in Jumeirah Village Circle, DT1 in Downtown Dubai, and Wilton Terraces and Wilton Park Residences in Mohammed Bin Rashid City among its delivered projects, all within the same DLD escrow framework that applies to Meriva Sunset.