Elvira at Dubai Hills Estate Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Elvira at Dubai Hills Estate, account number 4031*****1259002, displayed in full in the Escrow Details section on this page. It was opened under DLD project number 2536 at registration on 23 January 2023.

The 10/70/20 plan means the booking deposit and all seven construction instalments landed in the escrow account first rather than in a developer account. First Abu Dhabi Bank released those funds only against construction stages certified by DLD inspection, and the final 20 percent falls due on 100 percent construction completion, which the inspection dated 30 June 2026 certified.

The DLD inspection dated 30 June 2026 certified construction at 100 percent, up from 92.2 percent at the previous inspection, and the project status in Dubai REST reads Finished. Enabling works, foundations, substructure and superstructure, internal works, MEP, internal finishes, the external envelope and external works are all recorded as complete, with snagging and deep cleaning progressing on site. Inspection by inspection detail is tracked on the Elvira construction updates page.

The account stays open as the destination for the final instalment and does not close when construction completes. A retention portion remains held in escrow after completion under Dubai Land Department rules, which is why the account continues to matter through the Q1 2027 handover rather than becoming a formality. What those protected payments were buying is set out in the Elvira at Dubai Hills Estate project guide.

Yes, the protection continues regardless of the calendar. Funds remain in the escrow account and are released only against certified progress and the retention rules, and the retention held after completion is covered alongside defect checks in the Elvira snagging inspection guide. Escrow protects capital while a project completes, though it does not itself compensate for a delay; those terms sit in the Sales and Purchase Agreement.

No. Every payment for Elvira at Dubai Hills Estate belongs in the DLD-registered escrow account 4031*****1259002 at First Abu Dhabi Bank, displayed in full in the Escrow Details section on this page and written into the Sales and Purchase Agreement. Instructions pointing anywhere else, whether to an individual's account, a broker's account or a different company entity, and especially instructions sweetened with a discount for paying outside escrow, follow the familiar shape of payment diversion fraud no matter how convincing the documents look. Dubai REST and the Sales and Purchase Agreement settle the question before any money moves.

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. Money sent anywhere other than the registered account sits outside that protection entirely. With construction certified at 100 percent and the project status recorded as Finished, Elvira is far past the stage where cancellation is a realistic concern, though the safety net exists regardless. The wider framework is explained in the Dubai Land Department guide.

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

Elvira at Dubai Hills Estate starts from AED 2.20 million (approx USD 599,000), which is above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Elvira Golden Visa guide.