Elara at Madinat Jumeirah Living Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Elara, account number 4031*****4662012 (the complete number is available in the Escrow Details section above). The account is linked to DLD project number 2754, which the Dubai Land Department registered on 14 September 2023.

In the Dubai REST app, the Project Status service lists the project under number 2754 with the register name "Elara". Its Escrow panel shows the bank as First Abu Dhabi Bank P.J.S.C. together with the full account number, which should match both the payment instruction and the escrow details in the Sales and Purchase Agreement.

The Elara payment plan calls 20% on booking, 50% during construction and 30% upon handover. Each payment toward the unit is deposited into the Elara escrow account at First Abu Dhabi Bank, and the bank releases funds to the developer only against construction progress recorded through DLD inspections. The 30% handover payment falls due at handover, estimated for Q4 2026, and a retention portion remains in the account after completion as cover for defect repairs. The plan is stage-based rather than dated: the exact amounts and due dates, including any construction-stage amount already called when a buyer reserves late in the build, are those set out in each buyer's Sales and Purchase Agreement with Meraas.

The DLD register reading dated 20 July 2026 places Elara at 64.27%, against a previous reading of 53.56% shown without a date. The RERA progress report from the same inspection lists enabling, foundation and structure works as completed, and internal works, external envelope, MEP, internal finishes and external works as still in progress at that date. Because escrow releases follow recorded progress, the releases still ahead correspond to the work that remains. Each new reading is tracked on the Elara construction updates page.

No. The 4% DLD registration fee is charged on the purchase price and settled with the Dubai Land Department at registration of the sale. It is a government fee rather than a payment toward the unit, so it is not held in the Elara escrow account and never forms part of the escrowed balance.

The protection does not depend on the calendar. Funds already in the Elara escrow account stay there and continue to be released only against recorded construction progress, whenever that progress is achieved. Escrow safeguards capital but does not compensate buyers for a later completion; any late-completion terms sit in the Sales and Purchase Agreement. The DLD record lists a registered completion date of 25 November 2026, within Meraas's Q4 2026 estimate, and the retention held after completion applies whenever handover takes place. The handover inspection that pairs with that retention is covered in the Elara snagging inspection guide.

No. Off-plan payments for Elara belong only in the DLD-registered escrow account 4031*****4662012 at First Abu Dhabi Bank (the complete number is available in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, a broker's account or a different company account, particularly one sweetened with a discount for paying outside escrow, matches the standard pattern of payment fraud however official it appears. The safeguard is a comparison with the account registered for project 2754 in Dubai REST before any money moves.

RERA takes control of the escrow account if a project is cancelled by the Dubai Land Department, and buyer refunds are then handled from the protected funds under DLD supervision. That protection reaches only money paid into the registered account; funds sent anywhere else fall outside it. According to the RERA report of 20 July 2026, Elara's structure works were completed, so the project is well beyond its early stages, but the mechanism applies at any stage. The regulatory framework behind it is covered in the Dubai Land Department guide.

Yes. Under the escrow framework, a retention portion remains in the project account after completion to cover the repair of defects that surface once owners take possession. The amount and holding period are not stated in the published Elara documents; the terms that apply to a specific unit are those in its Sales and Purchase Agreement.

Elara is marketed by Meraas, while the Dubai Land Department register and the RERA progress report record the developer as JUMEIRAH HILLS DEVELOPMENT L.L.C, developer number 1076. That registered name, together with project number 2754, is how the project is identified in DLD and RERA records.

Meraas has delivered residential projects in Dubai including BVLGARI Residences on Jumeirah Bay Island, where first handovers took place in February 2018, and Bluewaters Residences on Bluewaters Island, whose first phase was delivered in February 2019. The Elara brochure places both within the developer's wider Dubai portfolio.

The escrow account protects payments made into it and ties their release to recorded construction progress. It does not cover money sent to any other account, it does not compensate for a later completion, and it does not guarantee resale value, rental income or the finish of an individual unit. Costs paid outside the account, such as the 4% DLD registration fee, sit outside its protection as well.