The Watercrest by Ellington

1. Is it on schedule?0% built in July 2026 against a March 2028 handover: 100% left to build in 20 months · DLD project register, Jul 20260%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 3,050/sqft, 0.7% above the District 11 off-plan median across 10 projects+0.7%Context
4. Is it selling?26 off-plan sales registered in the last 12 months, of 84 villas26Context
5. Who is building it?Ellington Properties, licence no. 1117; 3 of its 13 dated live projects are past their registered dates23%Context

Escrow agent

بنك دبي التجاري (ش.م.ع)

Developer, as licensed

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

Master developer

Meydan Group

Registered start

January 2025

Configuration

84 Villa Ground, First, Roof and Services.

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 filed under this project number, 12 months to 12 Oct 2026.

When will The Watercrest by Ellington be completed?

The developer registered handover for March 2028, 20 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does The Watercrest by Ellington cost per square foot?

AED 3,050 per sqft, the median of 26 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 7.65M. That is 0.7% above the District 11 off-plan median across 10 projects.

Is The Watercrest by Ellington 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 Watercrest by Ellington?

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

How many villas does The Watercrest by Ellington have?

84 registered villas. Dubai Land Department project register as of July 2026.