MJL Nourelle Escrow Account

Mashreq Bank PSC holds the escrow account for MJL Nourelle, account number 0195*****826 (the full number is in the Escrow Details section above), set up for DLD project number 4108, which the Dubai Land Department registered on 2 October 2025.

Every instalment under the developer's 75/25 plan is paid into the project escrow account: the 20% down payment on booking, the six dated instalments between March 2026 and March 2028 (55% in total), and the final 25% instalment. Because the March 2026 and July 2026 dates have passed, the instalment dates for a purchase made today, and any catch-up amount, are those Meraas sets at booking and writes into the Sales and Purchase Agreement; they are paid into the same account.

No. The 4% DLD registration fee falls due at booking together with the 20% down payment, but it is paid to the Dubai Land Department to register the purchase, not into the Mashreq Bank PSC escrow account. Only payments toward the purchase price pass through escrow.

Money held in the escrow account is released to the developer in stages, and only as construction progress on site is verified through inspections recorded with the Dubai Land Department. Instalment due dates follow the calendar, while the developer's access to the funds follows the work on site. After completion, the escrow framework keeps a retention amount back as security for defect repairs.

The DLD project register records 3.95 percent construction progress for MJL Nourelle at the inspection dated 14 July 2026, up from 0.02 percent at the previous inspection, which the register lists without a date. The RERA inspection report of the same date notes that enabling and piling works are progressing at the site. At this early stage, the release mechanism ties the developer's access to buyer money to the enabling and piling work actually carried out. Each new reading is tracked on the MJL Nourelle construction updates page.

Yes, the protection continues. Money paid into the escrow account stays there and is released only against verified construction progress, whatever the calendar says, with handover currently expected in June 2029. Escrow safeguards the money itself; it does not pay compensation for a late handover, and any delay terms are set out in the Sales and Purchase Agreement.

Should the Dubai Land Department cancel a registered project, RERA takes control of the escrow account, and buyers are refunded from the money held in it under the supervision of the Dubai Land Department. That safety net reaches only money paid into the registered account; anything sent elsewhere sits outside it. The wider regulatory framework is covered in the Dubai Land Department guide.

No. All off-plan payments toward an MJL Nourelle purchase belong in the DLD-registered escrow account 0195*****826 at Mashreq Bank PSC (full number in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or a different company account, particularly one that offers a discount for paying direct, matches the standard pattern of payment fraud however genuine the paperwork appears. A request of that kind can be tested against the Dubai REST escrow record and the Sales and Purchase Agreement before any money moves.

The Project Status service in the Dubai REST app lists the project under number 4108 and the registered name Nourelle, together with its escrow bank and account number. Those details should match both the Escrow Details section of this page and the escrow details in the buyer's Sales and Purchase Agreement, with Mashreq Bank PSC as the bank.

The Dubai Land Department register and the RERA inspection report record the developer of project 4108 as JUMEIRAH HILLS DEVELOPMENT L.L.C, developer number 1076, while the project is marketed under the Meraas name. Those registered details, rather than the marketing brand, identify the developer in the DLD project record.

Of the addresses Meraas names in the MJL Nourelle brochure, BVLGARI Residences on Jumeirah Bay Island saw its first handovers in February 2018, and the first phase of Bluewaters Residences on Bluewaters Island was handed over in February 2019. Those completions describe the developer's record; the timing of MJL Nourelle itself depends on its own construction progress toward the expected June 2029 handover.