The Crestmark

1. Is it on schedule?25% built in July 2026; the register gives no handover date · DLD project register, Jul 202625%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي التجاري (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,598/sqft, 3.2% below the Business Bay off-plan median across 47 projects-3.2%Context
4. Is it selling?22 off-plan sales registered in the last 12 months, of 190 units; the latest on 28 Jul 202622Context
5. Who is building it?Ellington Properties, licence no. 1117; 3 of its 13 dated live projects are past their registered dates23%Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك دبي التجاري (ش.م.ع)

Developer, as licensed

ELLINGTON PROPERTIES DEVELOPMENT L.L.C (no. 1117)

Master developer

Business Bay LLC

Registered start

September 2023

Configuration

G+3P+18F, Residential.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

What does The Crestmark cost per square foot?

AED 2,598 per sqft, the median of 22 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.79M. That is 3.2% below the Business Bay off-plan median across 47 projects.

Is The Crestmark in escrow?

Yes: the Land Department register names بنك دبي التجاري (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of The Crestmark?

ELLINGTON PROPERTIES DEVELOPMENT L.L.C, licence no. 1117, by the register’s own licence number; the master developer that owns the land is Business Bay LLC. Dubai Land Department project register as of July 2026.

How many units does The Crestmark have?

190 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.