Club Drive at Dubai Hills Estate Escrow Account

Mashreq Bank P.S.C. holds the escrow account for Club Drive, account number 0190*****083 (shown in full in the Escrow Details section above), opened under DLD project number 2769 when the project was registered in September 2023.

Dubai Hills Estate L.L.C, developer number 984, is the licensed developer entity registered against project number 2769, and it belongs to the Emaar group. Emaar is the name that appears on the brochure and the sales documentation, while Dubai Hills Estate L.L.C is the name to search for in Dubai REST when cross-checking the escrow account. Both names refer to the same project.

Club Drive runs on a 10/80/10 plan, marketed by Emaar as 90 percent during construction and 10 percent on completion. The booking payment and all construction instalments are paid into the escrow account first. Mashreq releases funds to the developer only against construction stages certified by DLD inspections, and the closing 10 percent falls due in February 2028 at 100 percent construction completion.

No. The 4 percent Dubai Land Department registration fee is a government charge paid at booking alongside the first instalment, and it sits outside the project escrow account entirely. Only the purchase price instalments enter escrow and are released against certified construction progress.

The DLD inspection dated 4 May 2026 certified 75.08 percent completion, up from 55 percent at the previous inspection. Enabling, piling, foundation and substructure works are complete, while superstructure, external envelope, MEP, internal finishes and external works are progressing across both towers. Month by month detail is tracked on the Club Drive construction updates page.

The protection continues regardless of the calendar. Funds remain in the escrow account and are still released only against certified progress. Escrow safeguards the capital while the project is completed, but it does not itself pay compensation for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Club Drive must be paid into the DLD-registered escrow account 0190*****083 at Mashreq (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 classic pattern of payment fraud however convincing 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. This is precisely why paying only into the registered account matters: money sent elsewhere sits outside that protection. With 75.08 percent of construction certified, Club Drive is well beyond the stage where cancellation is a realistic concern, though the mechanism exists regardless. The framework is explained in the Dubai Land Department guide.

Yes, Club Drive at Dubai Hills Estate is a freehold project, open to all nationalities.

It depends on the unit type. Two bedroom apartments started from AED 2.20 million (approx USD 599,000) and three bedroom apartments from AED 3.40 million (approx USD 926,000), both above the AED 2 million property investment threshold for the 10-year Golden Visa. One bedroom apartments started from AED 1.50 million (approx USD 409,000), below that threshold. The requirements and qualifying routes are covered in the Club Drive Golden Visa guide.