Windsor House 2 Escrow Account

Mashreq Bank PSC holds the escrow account for Windsor House 2, account number 0190*****750 (the complete number is in the Escrow Details section above). The account sits under DLD project number 4300, which the Dubai Land Department registered on 13 February 2026.

In the Dubai REST app, Services and then Project Status lead to the project record, which can be found by project number 4300 or by the register name WINDSOR HOUSE II. The record lists the project as Active, and its Escrow panel names Mashreq Bank PSC alongside the account number that a payment instruction and the Sales and Purchase Agreement should both match. The full check is laid out in the Verify section of this page.

The RERA progress report for the 20 August 2026 inspection records the developer of project 4300 as ELLINGTON PROPERTIES DEVELOPMENT L.L.C, developer number 1117. Windsor House 2 is marketed under the Ellington name, and a seller name on the Sales and Purchase Agreement that differs from the registered entity is a point to clarify before any payment.

The DLD Register Reading for Windsor House 2 was 0.6% recorded on 20 August 2026, with a previous reading of 0% that carries no date on the register. The RERA progress report from that inspection notes enabling works, piling and foundation progressing, with no stage recorded as finished. At this early level escrow matters most, because buyer instalments fall due ahead of the construction progress the register has recorded. Later readings are tracked on the Windsor House 2 construction updates page.

Windsor House 2 follows a 70/30 plan. The 20% booking payment and five further instalments (10% at 60 days, then 5% at 120, 180, 240 and 360 days after the reservation date) total 50% within 360 days of each buyer's reservation, independent of construction progress. Four 5% instalments fall due on completion of 20%, 30%, 40% and 50% construction, and none had been triggered at the 0.6% reading of 20 August 2026. The last 30% is paid on completion. Instalments are paid into the escrow account, and the developer draws on it against construction progress recorded under Dubai Land Department supervision.

No. The 4% DLD registration fee is paid to the Dubai Land Department alongside the 20% booking payment and is not held in the Windsor House 2 escrow account. It is a government registration charge, so it is never released to the developer and does not count as a payment toward the apartment price.

The final 30% of the Windsor House 2 price is due on completion, with handover expected in Q3 2028. The exact trigger for that payment is defined in the Sales and Purchase Agreement, and the current construction and handover timetable can be confirmed with the developer in writing.

No. Off-plan payments for Windsor House 2 belong in the DLD-registered escrow account 0190*****750 at Mashreq Bank PSC (revealed in full in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay into a personal account, a broker's account or a different company account, particularly one sweetened with a discount for paying outside escrow, fits the usual shape of payment diversion fraud however formal the documents appear. Any such request is weighed against the Dubai REST Escrow panel and the Sales and Purchase Agreement before money moves.

The funds remain in the escrow account and are still released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the project is built; it does not pay compensation for delay, and any delay terms sit in the Sales and Purchase Agreement. The expected handover for Windsor House 2 is Q3 2028.

RERA takes control of the escrow account if a project is cancelled, and buyer refunds for Windsor House 2 would then be handled from the money held in that account under Dubai Land Department oversight. The safeguard reaches only funds paid into the registered account; payments made anywhere else fall outside it. The wider framework is set out in the Dubai Land Department guide.

Yes. Dubai's escrow framework provides for a retention amount to stay in the project account after completion as a reserve for defects that appear once owners take possession. The amount and period are set by the regulations and the project documents. Buyers commonly inspect their apartment before accepting handover, and money still held under supervision gives the developer a concrete incentive to put right the defects found.

The escrow account protects payments made toward the purchase price while the project is built. It does not hold the 4% DLD registration fee, agency commission or service charges, it does not compensate for delay, and it does not guarantee resale value or rental income. Money paid into any account other than the registered escrow account is outside its protection altogether.