Address Residences at Dubai Hills Estate Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Address Residences Dubai Hills Estate, account number 1135*****20017 (shown in full in the Escrow Details section above), opened under DLD project number 3228 when the project was registered on 20 August 2024.

The plan runs 10 percent on booking, 70 percent across eight instalments during construction, and 20 percent at 100 percent construction completion in February 2029. Each of those transfers goes into the escrow account rather than to the developer, and the bank releases funds only against construction progress certified by DLD inspections. Five of the construction instalments are themselves tied to certified milestones at 10, 20, 40, 60 and 80 percent completion.

The DLD inspection dated 10 June 2026 certified 26.48 percent completion, up from 10.1 percent at the previous inspection. Enabling and foundation works are complete, and structural, internal and MEP works are progressing across the two towers. Inspection level detail is tracked on the Address Residences Dubai Hills Estate construction updates page.

The escrow protection continues regardless of the calendar. Funds remain in the account and are released only against certified progress, so a delay does not move buyer money out of supervision. Escrow protects capital while a project completes; it does not itself compensate for delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Address Residences Dubai Hills Estate must go into the DLD-registered escrow account 1135*****20017 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or an alternative company account, particularly one paired with a discount for paying directly, is the standard pattern of payment diversion fraud no matter how official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are sent.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. That mechanism can only reach money that actually entered the registered account, which is why payments sent anywhere else sit outside the protection entirely. The wider framework is explained in the Dubai Land Department guide.

Dubai Hills Estate L.L.C is the DLD-registered developer entity for the project, carrying developer number 984, while the project is marketed under the Emaar and Address Residences brands. Both names refer to the same registration, and Dubai REST displays the registered entity name rather than the marketing brand. The wider group record is covered in the Emaar Properties developer profile.

Yes, Address Residences Dubai Hills Estate is a freehold project, open to all nationalities.

582 residences are registered with the Dubai Land Department under project number 3228 across Tower A and Tower B.

Current developer prices start from AED 2.10 million for one bedroom apartments, AED 3.80 million for two bedroom apartments, and AED 5.30 million for three bedroom apartments. Each currently listed developer tier is priced above AED 2 million and may qualify for the 10-year UAE Golden Visa, subject to the registered purchase value and the requirements in force at the time of application. The full requirements and application timing are covered in the Address Residences Dubai Hills Estate Golden Visa guide.