ORLA Dorchester Collection Escrow Account

Mashreq Bank PSC holds the escrow account for ORLA, Dorchester Collection, Dubai, account number 0190*****183 (shown in full in the Escrow Details section above). It is the trust account bank recorded for DLD project number 2455, registered on 17 November 2022 with Crescent 17 Real Estate Developments L.L.C, the entity through which OMNIYAT is registered as developer (developer number 1459).

Buyer payments for ORLA are held in the Mashreq Bank PSC escrow account and released to the developer against construction progress certified through RERA inspections, not against the dates on which buyers pay. The latest inspection, dated 21 August 2026, recorded 70.01 percent, up from 60.02 percent on 18 May 2026. Each reading is tracked on the ORLA construction updates page.

The ORLA launch payment plan of record runs on time from the SPA date: a 5 percent booking fee, 20 percent on signing the SPA, 10 percent 12 months after the SPA, 15 percent 24 months after the SPA and 50 percent on the completion date. Every instalment is paid into the escrow account and stays there until certified progress allows a release, so a payment falling due on the calendar does not by itself pass money to the developer. Terms on the three units still available are confirmed with OMNIYAT at reservation.

Oqood is the Dubai Land Department's register for off-plan sales. When an ORLA unit is sold, the sale is recorded in Oqood against project number 2455, which ties the buyer's unit to the registered project and to its escrow account at Mashreq Bank PSC. The Oqood record stands as the buyer's registered interest in the unit until the building is completed and a title deed is issued.

No. The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, calculated on the price and paid in addition to it at booking. It is not an instalment of the price, so it does not sit in the ORLA escrow account and does not count toward the 5 percent booking fee. DLD fees and off-plan registration are covered in the Dubai Land Department guide.

The escrow protection continues. Money already paid stays in the Mashreq Bank PSC account and is released only against certified progress, whatever the calendar says. At the 21 August 2026 inspection ORLA stood at 70.01 percent against a registered completion date of 31 December 2026, and the next inspection reading is the record that shows the following step. Escrow protects capital but does not compensate for delay; delay terms sit in the Sales and Purchase Agreement. The 50 percent completion payment is tied to the completion date itself, and a retention portion stays in escrow after completion to cover defect repairs, which is what gives an independent ORLA snagging inspection its weight at handover.

No. Every off-plan payment for ORLA goes into the DLD-registered escrow account 0190*****183 at Mashreq Bank PSC (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to route money to a personal account, a broker's account or a different company account, particularly one offering a discount for paying outside escrow, follows the standard pattern of payment-diversion fraud however official it appears. Any such request is checked against the escrow account shown for project 2455 in Dubai REST and against the SPA before funds move.

The ORLA escrow account appears in the Dubai REST app under Services, then Project Status, by searching project number 2455 or the register name "Orla By Omniyat". The escrow panel lists the bank and the account number, which match Mashreq Bank PSC, the number in the Escrow Details section of this page and the escrow details in the Sales and Purchase Agreement. Where any source differs, the Dubai REST record governs.

The ORLA escrow account protects the capital buyers pay into it while the building is completed. It does not compensate for late completion, it does not guarantee resale value or rental income, and it does not protect money sent to any account other than the registered one. The 4% DLD registration fee and fees paid to third parties also sit outside it.

The DLD register traces ORLA from registration on 17 November 2022 to a construction start on 31 January 2023, then to 60.02 percent at the 18 May 2026 inspection and 70.01 percent at the 21 August 2026 inspection, with the project status Active and a registered completion date of 31 December 2026. OMNIYAT, established in 2005, names The Opus by OMNIYAT, The Sterling, ANWA and The Residences, Dorchester Collection, Dubai among its portfolio.

Under the ORLA launch plan of record, 50 percent of the purchase price is due on the completion date; handover is expected in Q4 2026 and the DLD register dates completion to 31 December 2026. The payment goes into the same Mashreq Bank PSC escrow account as every earlier instalment and is the largest single transfer in the plan. After completion, a retention portion stays in escrow to cover defect repairs.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. That protection reaches only money paid into the registered account for project 2455. With 70.01 percent certified at the 21 August 2026 inspection and structure works at an advanced stage, ORLA is well past the early phase in which cancellation risk is usually weighed, though the safety net applies regardless.