The Lana Residences Escrow Account

Ajman Bank PJSC holds the escrow account for The Lana Residences, account number 0110*****018 (the unmasked number is available in the Escrow Details section at the top of this page). The account is named Dorchester Collection Dubai and sits under DLD project number 2052, registered on 26 April 2018.

The Lana Residences is registered with the DLD as Dorchester Collection Dubai (project 2052), a single registration covering the whole building that houses both the Dorchester Collection hotel and The Lana Residences. The escrow account at Ajman Bank PJSC carries that registered name, so Dorchester Collection Dubai as the account name on a payment instruction for a residence is consistent with the register. Any other account name, or any other bank, falls outside the registered escrow arrangement.

No. The escrow account registered for The Lana Residences is 0110*****018 at Ajman Bank PJSC (the complete number is available in the Escrow Details section at the top of this page), and the receiving account for a developer purchase is the one recorded in the Sales and Purchase Agreement. Instructions that redirect money to a private individual, a brokerage or a company other than the registered account holder, often sweetened with a discount for settling outside escrow, are the standard shape of payment-diversion fraud, however convincing the letterhead. Any such instruction can be tested against the escrow record in Dubai REST for project 2052 and against the Sales and Purchase Agreement before money moves.

During construction, buyer instalments for The Lana Residences were held in the escrow account at Ajman Bank PJSC and released to the developer against construction progress recorded by DLD inspections, not paid over on request. The DLD project register shows 100% at the inspection dated 11 January 2024, up from a previous reading of 93.15%, and that inspection recorded the building as Completed. The inspection history is tracked on the construction updates guide for The Lana Residences.

No. The 4% DLD registration fee is paid to the Dubai Land Department to register the purchase and does not pass through the escrow account for The Lana Residences. Under OMNIYAT's launch plan of record it fell due alongside the 10% booking payment, which is why the booking stage reads 10% + 4% DLD. The fee is a government charge on top of the purchase price, and the wider registration framework is set out in the Dubai Land Department guide.

Oqood is the Dubai Land Department's interim register for off-plan sales: it records a buyer's interest in a residence before completion, and under the launch plan the booking payment for a residence at The Lana Residences entered escrow once the unit was registered under Oqood. With the building now listed as Finished on the DLD register, ownership of a residence is evidenced by a title deed issued by the Dubai Land Department in the buyer's name, once the conditions in the Sales and Purchase Agreement, typically full payment, are met.

A remaining residence bought from OMNIYAT is paid according to the Sales and Purchase Agreement, which names the receiving account, and OMNIYAT confirms the terms applying to a remaining residence at booking. A residence bought from an existing owner follows a different route: a resale of a completed residence is typically settled through the Dubai Land Department transfer process at a registration trustee office rather than through the project escrow account, and title passes to the buyer at that transfer.

Escrow protects buyer capital by holding payments in a DLD-registered account and releasing them against recorded progress; it does not compensate for delays, which are governed by the terms of the Sales and Purchase Agreement. It does not protect money sent to any account other than the registered escrow account, it does not guarantee resale value or rental returns, and it is not a warranty on finishes. Defects in a completed residence are handled through the developer's defect obligations and a handover inspection, covered in the snagging inspection guide for The Lana Residences.

The escrow details for The Lana Residences can be checked in the Dubai REST app under Services, then Project Status, by searching project number 2052 or the registered name Dorchester Collection Dubai. The project record shows the escrow bank and account number, and a genuine payment instruction matches that record and the Sales and Purchase Agreement exactly, digit for digit.

The DLD register records construction starting on 01 March 2018, registration of project 2052 as Dorchester Collection Dubai on 26 April 2018 and a registered completion date of 01 June 2022. The inspection dated 11 January 2024 recorded the building as Completed at 100%, with the Building Completion Certificate and the Dubai Civil Defence completion received on 16-10-2023, and the register lists the project as Finished. Throughout that cycle, buyer instalments sat in the Ajman Bank PJSC escrow account under Dubai Land Department supervision.