Palace Residences Creek Blue Escrow Account

Abu Dhabi Commercial Bank holds the trust account for Palace Residences Creek Blue, account number 1275*****20002 (shown in full in the Escrow Details section above), recorded under DLD project number 3147 when the project was registered on 21 June 2024.

Palace Residences Creek Blue was registered on 21 June 2024 as project number 3147, under developer number 1224 in the name DUBAI CREEK HARBOUR L.L.C. Construction started on 01 August 2024 and the registered completion date on the DLD record is 31 March 2029. The escrow account had to exist before the first buyer payment could be collected, which is what registration establishes.

The plan is construction linked and splits 10 percent on booking, 80 percent across instalments during construction, and 10 percent on 100 percent construction completion. Every one of those amounts is paid into the escrow account first. The bank releases funds to the developer only against construction stages certified by DLD inspections, and handover is expected in Q1 2029.

The DLD inspection dated 09 June 2026 certified 20.52 percent completion, up from 16.74 percent at the previous inspection. Enabling and piling works are complete and structural works are progressing on site. Month by month detail is tracked on the Palace Residences Creek Blue construction updates page.

Yes, the protection continues. Funds stay in the escrow account and are released only against certified progress, whatever the calendar says. Escrow protects the capital while the project completes, but it does not itself compensate for delays; those terms sit in the Sales and Purchase Agreement.

No. Every off plan payment for Palace Residences Creek Blue goes into the DLD-registered escrow account 1275*****20002 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent account, or a different company account, particularly one paired with a discount for paying outside the plan, is the standard shape of payment fraud however official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds move.

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 is precisely why the registered account is the only account that should ever receive a payment: money sent anywhere else sits outside the protection entirely. The regulatory framework behind that process is set out in the Dubai Land Department guide.

Yes, Palace Residences Creek Blue is a freehold project, open to all nationalities.

The property investment threshold for the 10-year Golden Visa is AED 2 million, and the entry tier at Palace Residences Creek Blue sits below it: one bedroom residences start from AED 1.87M (approx USD 509,000). The two bedroom tier from AED 2.92M (approx USD 795,000) and the three bedroom tier from AED 4.93M (approx USD 1.34M) are above the threshold. Qualifying options and the application sequence are covered in the Palace Residences Creek Blue Golden Visa guide.