Ellington Properties · Business Bay · Construction Update
The Crestmark Construction Update - August 2026
August 2026 Inspection Records The Crestmark at 61.18% in the DLD Register for Business Bay
Structure and internal works at an advanced stage, with envelope, finishes and MEP progressing, put The Crestmark at 61.18% in the DLD register on 7 August 2026.
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DLD Register Inspection Data
The Crestmark Construction Snapshot
A 17.55 point rise over the previous DLD register reading of 43.63%, a reading the register shows without a date, places The Crestmark in the envelope and services band, where each recorded figure is checked against the construction-linked instalments in your SPA.
The Crestmark by Ellington
2832
Active
61.18%
7 August 2026
26 September 2023
189 residences
21,744.81 sq m
Q1 2026 (passed)
Data source: the Dubai Land Department project register for project 2832, registered on 8 November 2023, reading recorded on 7 August 2026, read with the RERA progress report for the same inspection, which prints no percentage of its own. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. The image at the top of this page is a developer rendering, not a site photograph. Last updated: August 2026.
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This Inspection Cycle
The Crestmark Construction Progress Summary
The RERA progress report for the 7 August 2026 inspection describes a G+3P+18F residential building of concrete structure and blockwork, with enabling and foundation works completed and the structure and internal works at an advanced stage, while the external envelope, internal finishes and MEP works move forward at different stages. It lists the progress status as Main Contract, Progressing, and the register places the building as a whole at 61.18%, up from an earlier reading of 43.63%.
- Enabling works, recorded as completed in the RERA report
- Foundation works for the G+3P+18F building
- Structure and internal works, at an advanced stage
- External envelope of the canal side tower
- Internal finishes, at different stages across the site
- MEP works: mechanical, electrical, and plumbing services
- Further register readings toward 100%
- Completion of the envelope, finishes, and MEP works still in progress
- Handover on a date Ellington confirms in writing, the original Q1 2026 schedule having passed
Payment Linked Progress
What 61.18% Progress Means for The Crestmark Buyers
The Crestmark's 70/30 plan ties four 5% instalments to construction stages at 30%, 40%, 50% and 60%, and all four had been triggered as of the 61.18% register reading of 7 August 2026; Ellington confirms when each falls due under each SPA. Together with the five reservation-date instalments, a buyer who reserved more than 240 days before that reading would have had 70% of the price fall due, with the remaining 30% due on completion. Four actions follow from that position.
Verify the escrow account
Any instalment still to come belongs only in the DLD regulated escrow account with Commercial Bank of Dubai registered for project 2832. The Crestmark escrow account verification shows how to match it to the register; the lookup takes about two minutes against the official DLD project record.
Reread your SPA milestone schedule
Check how your sale and purchase agreement words the four construction-linked instalments and the completion payment, and which handover date it carries now that the original Q1 2026 schedule has passed. Not sure how your instalments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Plan the snagging inspection
At 61.18% the inspection window has not opened: it starts when Ellington issues the handover or completion notice. The Crestmark snagging inspection guide explains what an independent check records before you accept the keys.
Follow each new register reading
Each later reading shows how the envelope, finishes, and MEP works move toward 100%. The Crestmark construction updates hub keeps every dated reading in one place.
General framework, not legal advice: instalment triggers, notice periods, and payment obligations are set by your own SPA and the DLD record, and both should be read directly.
Buying at 61.18%?
Entering The Crestmark mid-build trades part of the payment runway for evidence: the register and the RERA report already describe a building with its structure at an advanced stage, and because the original Q1 2026 handover schedule has passed, the current handover date has to be confirmed in writing before you commit. Every payment goes to the DLD-registered escrow account for project 2832, released against construction progress recorded in the register.
- A recorded stage: the 7 August 2026 register reading and RERA report set out above
- Construction-linked instalments already triggered, settled under Ellington's terms at signing
- 30% of the 70/30 plan due on completion, on the date Ellington confirms
- The whole build, from excavation onward, still ahead of the buyer
- Several years usually separate a launch reservation from handover
- A longer instalment runway at launch-stage pricing
Limited units available, as listed on the project page at this update; availability shifts between cycles.
About the Development
The Crestmark Project Details
At 61.18% in the DLD register on 7 August 2026, The Crestmark is a mid-build tower of 189 residences, from studios to four bedroom penthouses, over a ground floor, three podium levels and 18 residential floors. Starting prices: AED 1.57M ≈ USD 428K.
For buyers entering at this stage, the trade off is a shorter wait than at launch against more of the 70/30 plan already due at signing, with the handover date to be confirmed by Ellington because the original Q1 2026 schedule has passed.
The Crestmark by Ellington Project GuideSite Context This Cycle
Explore The Crestmark Location on Dubai Map
The Crestmark stands on the Business Bay side of the Dubai Water Canal, where, per the developer, the ground floor opens onto the canal boardwalk and the fourth-floor pool deck faces the water. That canal frontage belongs to the external envelope the RERA report lists as progressing on 7 August 2026, so the elevation most buyers will judge the building by is still being completed.
Business Bay is an established district, with Business Bay Metro Station and The Dubai Mall each about 5 minutes' drive away per the developer's location guide, so The Crestmark is being finished inside a working neighbourhood rather than ahead of one. For an end user that shortens the gap between keys and daily life; for an investor the rental case rests on existing roads and transport, not promised ones. See the project's position on the interactive Dubai real estate map. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in The Crestmark During Mid-Construction Progress
At this stage the open questions are residency eligibility, protection for instalments already triggered, and how the eventual handover inspection will work. Each resource below is matched to where The Crestmark stood on 7 August 2026.
The Crestmark Construction Updates
This page: the 7 August 2026 register reading for The Crestmark, read against its RERA report.
The Crestmark Golden Visa: Qualifying From the 1 Bedroom Apartments
At The Crestmark, Ellington's canal-side Business Bay tower, every residence from the 1 bedroom apartment upward meets the AED 2M threshold.
Read The Crestmark Golden Visa Guide
The Crestmark Escrow Account With Commercial Bank of Dubai
The Crestmark read 61.18% in August 2026; DLD project 2832 escrows its 189 residences at Commercial Bank of Dubai for Ellington.
Verify The Crestmark Escrow Account
The Crestmark Snagging: Chevron Flooring, Plunge Whirlpools and VRF Air Conditioning
The Crestmark snagging checks Ellington's Business Bay residences, from chevron porcelain flooring and sintered stone counters to plunge whirlpools.
Plan The Crestmark Snagging InspectionUpdate Timeline
Other The Crestmark Construction Updates
This August 2026 page is the first monthly record for The Crestmark; the construction updates hub gathers each later reading as it is published.
Where This Update Fits
Explore The Crestmark Structure
This record is one part of a wider picture: the Business Bay market The Crestmark will compete in, the canal district around it, and the developer building it.
Business Bay Properties for Sale
Browse canal-front apartments, penthouses and branded residences for sale across Business Bay.
See Business Bay Properties for Sale
Business Bay Community Overview
Read the Business Bay guide: canal-front towers, offices and residences minutes from Downtown, with prices and rental demand covered.
Explore the Business Bay Community
Ellington Properties: Design-Led Boutique Residences With Curated Interiors
Ellington Properties, founded in 2014, is a design-led developer of apartments, villas and waterfront homes, with 30 developments launched and delivered.
View the Ellington Developer ProfileFAQs
The Crestmark Construction Progress in August 2026: Frequently Asked Questions
The Dubai Land Department project register records The Crestmark, project 2832, at 61.18% construction progress for the inspection of 7 August 2026. The RERA progress report issued for the same inspection prints no percentage of its own, so 61.18% is the register figure, and it describes progress across the whole G+3P+18F building rather than any single floor or unit.
The register shows a previous inspection reading of 43.63% for The Crestmark next to the 61.18% recorded on 7 August 2026, but it does not show the date of that earlier reading. Without a date, no monthly pace can be measured between the two figures; the only pace arithmetic available runs from the 26 September 2023 construction start.
The report describes a G+3P+18F residential building with a concrete structure and blockwork carrying internal and external finishes. It records enabling and foundation works as completed, structure and internal works as progressing at an advanced stage, and the external envelope, internal finishes and MEP works as progressing at different stages, with the main contract listed as progressing.
On the developer's 70/30 plan, four 5% instalments fall due on completion of 30%, 40%, 50% and 60% construction, and all four had been triggered as of the 61.18% register reading of 7 August 2026. When each one falls due for an individual buyer is confirmed by Ellington under that buyer's SPA. The five reservation-date instalments run separately from each buyer's own reservation date, and the remaining 30% is due on completion.
No. The August 2026 record is a progress reading, not a schedule. The Crestmark's original handover schedule was Q1 2026, a quarter that has passed, and the current expected handover date is the one Ellington confirms in writing, read against the completion clause in each SPA. How dated readings are tracked across the whole build is set out on The Crestmark construction updates hub.
No. The image at the top of this page is a developer rendering of the planned tower, podium and landscaped canal setting, used to illustrate the August 2026 update; it is not evidence of what stood on site on 7 August 2026. The register record carries inspection photographs, which are RERA record material and are not reproduced here.
A Question the FAQ Can Not Answer?
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Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the August 2026 inspection record for The Crestmark correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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