Palm Central Frond N Escrow Account

Mashreq Bank PSC holds the escrow account for Palm Central Frond N Residences, account number 0190*****070 (the full number is available in the Escrow Details section of this page). The account sits under DLD project number 4426, registered with the DLD as Palm Central Private Residences - Frond N on 16-06-2026.

Buyer payments for Palm Central Frond N Residences remain in the escrow account and are released to the developer only against construction progress verified through the Dubai Land Department. The project register shows one reading so far: 0% on 27-02-2026, the pre-construction baseline from which releases are measured. Readings are tracked as they are recorded on the Palm Central Frond N Residences construction updates page.

No. Each off-plan instalment for Palm Central Frond N Residences belongs in the DLD-registered escrow account 0190*****070 at Mashreq Bank PSC (the complete number appears in the Escrow Details section of this page), matching the escrow details in the Sales and Purchase Agreement. A request to pay a personal account, a broker's account or a different company account, particularly one that comes with a discount for paying outside escrow, follows the standard pattern of payment fraud however genuine the documents appear. Money routed outside the registered account also falls outside the escrow protection.

The escrow details are published in the Dubai REST app under Services, then Project Status, by searching project number 4426 or the registered name Palm Central Private Residences - Frond N. The bank shown there is Mashreq Bank PSC, and the account number recorded there is the one that has to match both the payment instruction and the escrow clause of the Sales and Purchase Agreement ahead of every transfer.

No. The 4% DLD registration fee goes to the Dubai Land Department itself, as a government charge for registering the purchase, and never passes through the escrow account. The Mashreq Bank PSC escrow account for Palm Central Frond N Residences receives only the payments made toward the price of the residence.

An off-plan purchase at Palm Central Frond N Residences is recorded on Oqood, the Dubai Land Department's interim register for off-plan sales, which links the buyer's contract to DLD project number 4426. Once the residence is complete and the purchase price has been paid in full, the Oqood record is replaced by a title deed issued by the DLD. Handover is expected in September 2030.

Yes. Funds stay in the escrow account and are released only against verified construction progress, whatever the calendar says, so the timing of handover does not change where buyer money is held. Escrow safeguards capital while the project is built; it does not itself pay compensation for a delay, and any delay terms are set by the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds are then paid from the protected funds under the supervision of the Dubai Land Department. That protection covers money paid into the registered Mashreq Bank PSC account for Palm Central Frond N Residences; payments sent anywhere else sit outside it. How the DLD supervises off-plan projects and their escrow accounts is covered in the Dubai Land Department guide.

The escrow account protects the capital paid toward a residence at Palm Central Frond N Residences. It does not pay compensation for delays, which are governed by the Sales and Purchase Agreement, and it does not hold the 4% DLD registration fee, which is paid to the Dubai Land Department. It offers no protection to money sent to any account other than the registered Mashreq Bank PSC escrow account, and it is not a guarantee of the handover date or of future resale value.

Palm Central Frond N Residences is developed by Nakheel and registered with the DLD under THE PALM - JEBEL ALI CO. (L.L.C), developer number 104. On Nakheel's published record, the company was founded in 2003, land reclamation for Palm Jumeirah ran from 2001 to 2006 with the first residents arriving in 2007, Jumeirah Village Circle launched in 2004, and Palm Jebel Ali was relaunched in 2023.