Fairway Villas 2 Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Fairway Villas 2, account number 0015*****438001 (shown in full in the Escrow Details section above), opened under DLD project number 2604 when the project was registered in May 2023.

The entity registered against project 2604 at the Dubai Land Department is Emaar Dubai South DWC LLC, developer number 1155. The project is marketed under the Emaar brand, so buyers frequently see one name in sales material and a different one in official records. Both refer to the same registered development, and the registered entity name is what appears in Dubai REST and in the Sales and Purchase Agreement.

The 85/15 structure means 10 percent at booking, 75 percent across construction-linked installments, and 15 percent at completion, with every one of those payments landing in the escrow account first. Dubai Islamic Bank releases funds to the developer only against construction stages certified by RERA inspection, and the final 15 percent falls due at 100 percent certified construction, expected in Q4 2026.

No. The 4 percent Dubai Land Department registration fee sits outside the escrow account entirely. It is a government transfer and registration charge paid to the Land Department, usually alongside the booking payment, and it does not form part of the funds held at Dubai Islamic Bank or released against construction progress.

The RERA inspection dated 17 August 2026 certified 92.16 percent completion, up from 82.88 percent at the previous inspection. Enabling, foundation and structural works are complete, with internal finishes, mechanical and electrical systems, the external envelope and site infrastructure recorded at advanced stages. Month by month detail is tracked on the Fairway Villas 2 construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are released only against certified progress, whatever the calendar says, and the retention held back after completion stays in place to cover defect repairs. That retention is why an independent inspection carries weight at handover, a process set out in the Fairway Villas 2 snagging inspection guide. Escrow protects capital while the project completes; it does not itself compensate for delay, and those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Fairway Villas 2 must go into the DLD-registered escrow account 0015*****438001 at Dubai Islamic 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 outside the normal channel, follows the standard pattern of payment diversion fraud regardless of 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 move.

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 is precisely why paying only into the registered account matters, since money sent anywhere else sits outside the protection. With 92.16 percent of construction certified, Fairway Villas 2 is well past the stage where cancellation is a realistic concern, but the mechanism exists regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, Fairway Villas 2 is a freehold project, open to all nationalities.

Villas at Fairway Villas 2 start from AED 3.80 million (approx USD 1.03 million), 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 Fairway Villas 2 Golden Visa guide.