Elva at The Valley Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Elva at The Valley, account number 0205*****8535 (shown in full in the Escrow Details section above), opened under DLD project number 3462 when the project was registered in December 2024.

Elva at The Valley is sold on an 80/20 construction-linked plan: 10 percent on booking, seven instalments of 10 percent through to December 2027, and 20 percent at 100 percent construction completion in October 2028. Each of those payments enters the escrow account first, and the bank releases funds to Emaar only against construction stages certified by Dubai Land Department inspections.

The inspection dated 9 June 2026 certified 25.86 percent completion, up from 15.32 percent at the previous inspection. Works were recorded as progressing across enabling, piling, foundation, structure, internal works, external envelope, MEP, finishes and infrastructure. Inspection by inspection detail is tracked on the Elva construction updates page.

The escrow protection continues regardless of the calendar. Funds remain in the account and are released only against certified construction progress, so a slower schedule does not loosen the controls on the money. Escrow protects capital while the project completes; it does not itself compensate for delays, and any delay remedies sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Elva at The Valley must go into the DLD-registered escrow account 0205*****8535 at Emirates NBD (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 fraud however 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 only reaches money that actually entered the registered account, which is why paying anywhere else places funds outside the protection entirely. The wider framework is explained in the Dubai Land Department guide.

Yes, Elva at The Valley is a freehold project, open to all nationalities.

Elva at The Valley townhouses start from AED 2.89 million (approx USD 787,000) for a 3 bedroom home, above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Elva Golden Visa guide.