Elora at The Valley Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the trust account for Elora at The Valley, account number 0015*****635701, shown in full in the Escrow Details section above. The account sits under Dubai Land Department project number 2511, registered on 9 January 2023, and the same bank is named as the trust account bank on the RERA inspection report for the project.

No. Every payment set out in the Sales and Purchase Agreement for Elora at The Valley is payable into the DLD-registered escrow account 0015*****635701 at Dubai Islamic Bank, with the full number shown in the Escrow Details section above. Requests to route money to a personal account, an agency account or a second company account, particularly when a discount is attached for paying that way, carry the recognisable shape of payment diversion fraud. An instruction of that kind can be checked against the escrow panel for project 2511 in the Dubai REST app and against the account details written into the Sales and Purchase Agreement before any funds move.

No. The 4% DLD registration fee is paid to the Dubai Land Department for registering the sale and does not enter the project escrow account. At Elora at The Valley it fell due alongside the booking payment, while the purchase price instalments themselves are the amounts that flow into the trust account at Dubai Islamic Bank. The registration framework behind the fee is explained in the Dubai Land Department guide.

The account remains under Dubai Land Department supervision until the project is closed out. Releases to the developer are made against progress recorded by inspection, and the Dubai Land Department register recorded Elora at The Valley at 100 percent at the inspection dated 10 March 2026, against a previous reading of 97.93 percent. A retention portion is held back in the escrow account after completion to cover defect repairs, and the closing 20 percent instalment of the launch payment plan falls due in September 2026. The inspection record behind those readings is tracked on the Elora at The Valley construction updates page.

Where 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 Dubai Land Department supervision. Money sent to any account outside that registration sits outside the protection entirely. For Elora at The Valley the scenario is largely historical: the register lists the project status as Finished with progress at 100 percent, and the RERA inspection notes record the building completion certificate as issued by DDA on 26 December 2025.

The escrow account protects capital by controlling where buyer money is held and when it can be released. It does not pay compensation and it does not settle a dispute about timing: delay terms sit in the Sales and Purchase Agreement. It also says nothing about the physical condition of a finished townhouse, which is assessed separately before handover is accepted and is covered in the Elora at The Valley snagging inspection guide. The protection is financial, not contractual and not technical.

The Dubai REST app published by the Dubai Land Department lists every registered project. Under Services, then Project Status, a search for project number 2511 or the register name "The Valley - Elora" opens the project record, and the Escrow Account panel there shows the trust account bank and number. Matching that panel against the escrow details in the Sales and Purchase Agreement is the standard check before a transfer. The same record also carries the project status, the registered unit count of 430 and the inspection history.

Four Emaar projects reached delivery on the same Dubai Land Department escrow and inspection framework while Elora at The Valley was under construction: Bliss in November 2024, June in June 2025, Seagate in September 2025 and Creek Palace in March 2026. Each held its own registered escrow account. Elora at The Valley followed the same route, registered on 9 January 2023, started on 27 March 2023, with the building completion certificate issued on 26 December 2025 and 100 percent recorded at the 10 March 2026 inspection against a registered completion date of 30 September 2026.