Rosewater at Dubai Creek Harbour Escrow Account

Mashreq Bank PSC holds the escrow account for Rosewater at Dubai Creek Harbour, account number 0190*****130 (shown in full in the Escrow Details section above). The account sits under DLD project number 2193, registered on 28 October 2019 under the register name "Creek Beach - Rosewater".

Rosewater launched on a 70/30 plan: 10 percent on booking, six instalments of 10 percent during construction, and 30 percent at construction completion. Every instalment was paid into the escrow account first, and the bank released funds to the developer only against construction stages certified by DLD inspections. The DLD project register recorded 100 percent progress at the inspection dated 7 November 2024, up from 95.08 percent at the previous inspection. The inspection history is tracked on the Rosewater at Dubai Creek Harbour construction updates page.

Yes. The DLD project register shows a registered completion date of 31 March 2023, while the project's completion documents are dated 9 August 2024 (DCD) and 21 October 2024 (BCC). Throughout that period buyer funds remained in the escrow account and were released only against certified progress, not against the calendar. Escrow protects capital while a project completes; it does not itself compensate for delays, and any delay terms sit in the Sales and Purchase Agreement.

Rosewater is listed as Finished in the DLD project register, so the escrow account's main role, holding off-plan instalments until work was certified, belongs to the construction period. For a purchase today, the payment route depends on who sells the unit and is set out in the sale agreement. The registered escrow details remain the reference for any instruction that claims to come from the developer: a request naming a different account on the developer's behalf is a warning sign, and it is measured against Dubai REST and the Sales and Purchase Agreement before money moves.

No. Off-plan instalments for Rosewater were payable only into the DLD-registered escrow account 0190*****130 at Mashreq Bank PSC (the full number sits in the Escrow Details section above), the same account named in each buyer's Sales and Purchase Agreement. Instructions that redirect money to an individual, to a broker, or to a company name that does not match the registered account, often sweetened with a discount for paying outside escrow, follow the standard shape of payment fraud even when the paperwork looks genuine. The registered account in Dubai REST and the Sales and Purchase Agreement are the two references any such instruction is measured against before money is released.

Escrow protected buyer capital during construction; it was never a guarantee of price, rental yield, resale value, or delivery date. It does not compensate for delays, it offers no protection for money paid outside the registered account, and it does not replace a buyer's own checks on a finished unit. Its cancellation safety net, under which RERA takes control of the escrow account if a project is cancelled, was not called on at Rosewater, which reached a Finished register status. How the Dubai Land Department regulates escrow across the emirate is covered in the Dubai Land Department guide.

Each off-plan Rosewater sale was registered on Oqood, the Dubai Land Department's interim register for off-plan units, which tied the buyer's unit and payments to project number 2193 and its escrow account at Mashreq Bank PSC. Once a project is completed and a unit is fully paid, the Oqood registration is replaced by a title deed issued by the Dubai Land Department, which is the ownership document for a ready Rosewater unit.

The 4% DLD registration fee is a Dubai Land Department charge calculated on the purchase price and paid on top of it. It is a government registration fee rather than a payment toward the unit, so it does not form part of the balance protected in the Rosewater escrow account. At launch it was payable alongside the 10 percent booking payment; on a ready purchase it is settled at transfer.

The account is listed in the Dubai REST app under Services, then Project Status. A search for project number 2193 or the register name "Creek Beach - Rosewater" opens the project record, and its Escrow Account panel shows the bank name, Mashreq Bank PSC, and the escrow number. The escrow details in the Sales and Purchase Agreement are the second reference point.