Riverton House Escrow Account

Commercial Bank of Dubai (PSC) holds the escrow account for Riverton House, account number 1010*****5 (the complete number is displayed in the Escrow Details section above), registered under DLD project number 4036. The RERA inspection report for the project names the same trust bank.

Riverton House is sold on a 70/30 plan. The 20% booking payment, the reservation-date instalments (10% at 60 days and 5% at 120, 180, 240 and 360 days after reservation) and the four 5% instalments linked to 20%, 30%, 40% and 50% construction are paid into the escrow account. The bank releases funds to the developer against construction progress recorded by DLD inspections, and the final 30% is paid on completion, anticipated in Q4 2027.

At the inspection dated 22 December 2025, the first and only reading on the Dubai Land Department register for Riverton House, progress stood at 0%, and the RERA inspection report noted no construction activities on site at the time of inspection. At that reading none of the four construction-linked instalments, due at 20%, 30%, 40% and 50% construction, had been triggered. The reading was 310 days old in October 2026, so a newer one may exist; the dated record is tracked on the Riverton House construction updates page.

No. Off-plan payments for Riverton House belong only in the DLD-registered escrow account 1010*****5 at Commercial Bank of Dubai (the full number is in the Escrow Details section above), as set out in the Sales and Purchase Agreement. A request to pay into a personal account, an agent's account or any other company account, particularly one offering a discount for paying outside escrow, fits the usual pattern of payment fraud regardless of how official it looks. The registered account in Dubai REST and the account in the Sales and Purchase Agreement are the two references every payment instruction has to match.

No. The 4% DLD registration fee goes to the Dubai Land Department at booking, together with the 20% booking payment. It is a government registration charge, not part of the apartment price held in the escrow account; only payments toward the price go into the Commercial Bank of Dubai escrow account.

The protection stays in place. Money paid into the escrow account continues to be released only against construction progress recorded by DLD inspections, whatever the calendar says. Handover is expected in Q4 2027, and the Dubai Land Department register lists 31 December 2027 as the registered completion date. Escrow protects capital but does not pay compensation; any terms covering a change in the completion date sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then handled from the protected funds under Dubai Land Department supervision. That safety net reaches only money paid into the registered account, so a payment made anywhere else falls outside it. How the Dubai Land Department supervises that process is covered in the Dubai Land Department guide.

The Dubai Land Department register and the RERA inspection report record the developer of project 4036 as RIVERTON HOUSE DEVELOPMENT L.L.C, developer number 2563, while the project is marketed by Ellington Properties. The registered name and number are the details shown in Dubai REST and on the inspection record, so they are the reference points a verification of the project is matched against.

Under Ellington's booking steps, the buyer pays the booking amount and registration fees, signs the Sales and Purchase Agreement, and once the SPA is executed the developer registers the unit with the Dubai Land Department and sends the buyer a copy. That off-plan registration is known as Oqood and records the buyer's interest until completion. Title transfer follows completion: once the final 30% is paid and the building is complete, the unit is registered with the Dubai Land Department for a title deed in the buyer's name.

Escrow protects money paid into the registered account. It does not compensate buyers for timing changes, guarantee a handover date, or protect funds sent to any other account. It also does not hold the 4% DLD registration fee, which goes to the Dubai Land Department, or service charges, which become payable once the building is operating. Market value, rental income and resale prices sit outside escrow altogether.

Yes. Under the escrow framework, a retention portion stays in the escrow account after completion to back the repair of defects found after handover. The Riverton House documents reviewed for this page do not state the retention amount or period, so the Sales and Purchase Agreement is the reference for the exact terms.

According to Ellington's announcements, handover of Harrington House, a 92-residence building in Jumeirah Village Circle, began on 1 November 2022, and the developer described it as completed ahead of schedule. Ellington also lists Belgravia Heights I in Jumeirah Village Circle, DT1 in Downtown Dubai, and Wilton Terraces and Wilton Park Residences in Mohammed Bin Rashid City among its completed buildings. These are Ellington projects; Riverton House itself is registered to a project company, and an earlier record does not secure the Q4 2027 handover.