Rosemont Residences Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for Rosemont Residences, account number 1015*****20013 (the full number is in the Escrow Details section above), linked to DLD project number 2993, which was registered on 1 May 2024.

Under the developer's 70/30 plan, 20% is paid at booking, 10% is due 60 days from reservation and a further 10% at 120 days, six 5% instalments are linked to construction reaching 20%, 30%, 40%, 50%, 60% and 70%, and 30% is due on completion. Each instalment lands in the escrow account first, and the bank releases funds to the developer only against construction progress verified through DLD inspections. As of the 42.87% register reading of 8 June 2026, the 20%, 30% and 40% construction points had been passed and the 50%, 60% and 70% points had not, so a launch buyer would have had 55% of the price fall due by that reading. The timing of each instalment under a given Sales and Purchase Agreement is confirmed by Ellington, and that confirmation, not the register figure, governs.

The DLD project register shows 42.87% for the inspection dated 8 June 2026, against a previous reading of 23.53% that the register leaves undated. According to the RERA progress report for that inspection, enabling works, piling, foundations and the substructure were complete, while superstructure, internal works, MEP and internal finishes were moving forward at different stages. Escrow releases follow inspected stages of work of this kind rather than calendar dates. The inspection record is tracked on the Rosemont Residences construction updates page.

The protection does not end with a calendar date. Money already paid stays in the escrow account and continues to be released only against verified construction progress, whatever the date. Rosemont Residences' original handover schedule was Q4 2025, a quarter that has now passed; the current expected completion date is confirmed by Ellington in writing, and the registered completion date appears on the project's Dubai REST record. Escrow protects capital but does not itself compensate for a change in timing: any such terms sit in the completion clause of the Sales and Purchase Agreement.

No. Each off-plan instalment for Rosemont Residences belongs in the DLD-registered escrow account 1015*****20013 at Abu Dhabi Commercial Bank (the complete number appears in the Escrow Details section above), as written into 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 standard pattern of payment-diversion fraud however genuine the paperwork appears. Any such request is checked against the escrow record in Dubai REST and against the Sales and Purchase Agreement before money moves.

Should the Dubai Land Department cancel a project's registration, RERA takes control of the escrow account, and refunds to buyers are then handled from the money held in it under DLD supervision. That is why the registered account is the only safe destination for an instalment: money sent anywhere else sits outside this safety net. The framework that sets this out is laid out in the Dubai Land Department guide.

No. The 4% DLD registration fee is paid at booking alongside the 20% down payment, but it goes to the Dubai Land Department to register the purchase, not into the project escrow account. It is a government fee rather than part of the apartment price, so it is never released to Ellington.

The 30% balance falls due on completion and is paid according to the payment instructions in the Sales and Purchase Agreement, which for a DLD-registered off-plan project point to the project escrow account; those details are matched against Dubai REST exactly as for earlier instalments. After completion, the escrow framework keeps a retention portion in the account, held against defects reported after handover, before the final release to the developer. The amount and timing of that retention are set by the regulations and the Sales and Purchase Agreement rather than by marketing material.

The DLD project register lists the project as "Rosemont Residences", project number 2993, status Active, registered on 1 May 2024, with construction recorded as started on 14 March 2024. The registered developer is Ellington Properties Development L.L.C, DLD developer number 1117, and the land is recorded as plot 1950 in Al Barsha South Fifth, the land-registry area that contains Jumeirah Village Triangle. The escrow bank on the same record is Abu Dhabi Commercial Bank.

Ellington's published project list, from its brochure for another Jumeirah Village Circle project, shows Belgravia (181 units) delivered in 2017, Belgravia II delivered in 2019, Eaton Place (110 units) delivered in 2019 and Belgravia III (260 units) delivered in 2021, and an Ellington announcement dated handover at Harrington House in Jumeirah Village Circle as beginning on 1 November 2022. These dates come from Ellington's own materials rather than the DLD register, and they relate to other buildings, so they do not set the Rosemont Residences timetable.

Escrow protects capital paid into the registered account while the building is completed. It does not compensate for a change in the handover timetable (those terms sit in the Sales and Purchase Agreement), does not protect money sent to any other account, does not hold the 4% DLD registration fee, and does not underwrite the apartment's future value or any income from it. Specifications, finishes and sizes are governed by the Sales and Purchase Agreement, not by the escrow arrangement.