One River Point Escrow Account

The One River Point escrow account is held at Emirates NBD Bank (P.J.S.C.) under number 0205*****3604, which the Escrow Details section above can display in full. The account is registered against DLD project number 2929, which the Dubai Land Department registered on 25 January 2024.

Under the 70/30 plan, the 20% booking payment, four instalments set by days after the reservation date (10%, 10%, 5% and 5%) and four 5% instalments tied to 30%, 40%, 50% and 60% construction are all paid into the escrow account, followed by 30% on completion. The bank releases funds to the developer against construction progress recorded through DLD-supervised inspections, not on the dates buyers pay.

The DLD register reading dated 21 July 2026 put One River Point at 35.43%, up from a previous reading of 28.79% that the register shows without a date. That reading had triggered the 5% instalment due on completion of 30% construction; the instalments linked to 40%, 50% and 60% construction had not fallen due. The reading was 98 days old on 27 October 2026, and newer register entries are tracked on the One River Point construction updates page.

No. Alongside the 20% booking payment, buyers pay the 4% DLD registration fee, which goes to the Dubai Land Department to register the purchase and is never held in the escrow account. It is a government fee on top of the price, separate from the instalments that escrow protects.

Money already paid stays in the escrow account and is still released to the developer only against construction progress recorded through DLD-supervised inspections, whatever the calendar shows. Escrow protects capital while the tower is built; it does not itself pay compensation if completion moves, and any such terms sit in the Sales and Purchase Agreement. A retention portion is still held in escrow after completion, whenever completion takes place.

No. Every off-plan payment toward One River Point belongs in the DLD-registered escrow account 0205*****3604 at Emirates NBD (revealed in full through the Escrow Details section above), as set out in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one sweetened with a discount for paying outside escrow, matches the usual pattern of payment fraud however genuine the documents appear. Any such instruction can be tested against the Escrow panel for project 2929 in Dubai REST and against the SPA before money moves.

In the Dubai REST app, Services and then Project Status lists project number 2929 under the name One River Point with the status Active, and its Escrow panel shows the bank as Emirates NBD Bank (P.J.S.C.) together with the account number. Those details should match both the Escrow Details section of this page and the escrow clause of the Sales and Purchase Agreement. RERA inspection reports for the project carry the same project number and trust account bank.

The Dubai Land Department register lists project 2929 under developer number 1647, DUTCO ELLINGTON CANAL FRONT REAL ESTATE L.L.C, while the tower is marketed as One River Point by Ellington Properties. According to the developer's project brief, Ellington Properties and Dutco are developing the project together, with Dutco's contracting division acting as main contractor. The registered name is the one shown on RERA inspection reports for project 2929.

If a registered project is cancelled, RERA takes control of the escrow account, and any refunds owed to purchasers are paid out of the money held in it, with the Dubai Land Department supervising the process. That protection reaches only money paid into the registered account; payments sent anywhere else fall outside it. How that framework operates is set out in the Dubai Land Department guide.

The final 30% of the price falls due on completion, which Ellington Properties anticipates in Q2 2027, and it is paid into the escrow account like the earlier instalments. On the DLD register, the registered completion date is 09 June 2027. After completion, a retention portion remains in escrow to cover defect repairs, so the condition of the unit recorded at handover carries financial weight.

The escrow account protects buyer payments made into it toward the purchase price during construction. It does not cover money sent to any other account, it does not hold the 4% DLD registration fee, and it does not pay compensation if the completion date moves. It also gives no assurance on rental income, resale value or service charges after handover.