Farm Gardens at The Valley Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Farm Gardens at The Valley, account number 0205*****8514 (shown in full in the Escrow Details section above). The account sits under DLD project number 2479, which the Dubai Land Department registered on 31 October 2022 in the name of Emaar Development P.J.S.C., developer number 1211.

The Dubai Land Department project register shows a current progress reading of 100 percent at the 24 March 2026 inspection, up from a previous reading of 90.26 percent, and lists the project status as Finished. For the escrow account, this means no construction stages remain for releases to follow; what remains is the completion payment and the retention held after completion. The RERA inspection report of the same date records the progress status as Completed and notes that the building completion certificate (BCC) was received on 22 October 2025. The full inspection record is tracked on the Farm Gardens at The Valley construction updates page.

On the launch payment plan, the eighth and final instalment, 20 percent of the price, was scheduled for August 2026 and linked to 100 percent construction completion on Emaar's estimated timeline. Like the earlier instalments, it is payable into the project escrow account rather than to the developer directly, and the bank releases escrow funds to Emaar only against completed works recorded by inspection. A retention portion stays in the account after completion, set aside for defect repairs.

No. The escrow account protects buyer capital; it does not pay compensation, and any delay terms for a Farm Gardens villa sit in the Sales and Purchase Agreement. On the record, the RERA inspection report notes show the building completion certificate (BCC) as received on 22 October 2025, 313 days ahead of the registered completion date of 31 August 2026, and handover is dated August 2026. The retention held in escrow after completion is linked to defect repairs, and the independent inspection that documents those defects is covered in the Farm Gardens at The Valley snagging inspection guide.

No. Payments due under a Farm Gardens at The Valley Sales and Purchase Agreement go into the DLD-registered escrow account 0205*****8514 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in the agreement. A request to route money to a personal account, an agent's account or a different company account, particularly one offering a discount for paying outside escrow, matches the usual pattern of payment-diversion fraud, however formal the paperwork appears. Money sent to any such account sits outside escrow protection, which is why every request is checked against the account shown in Dubai REST and in the agreement before 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 protection reaches only money paid into the registered account. Farm Gardens at The Valley never approached that point: the DLD register lists the project as Finished, with a 100 percent reading at the 24 March 2026 inspection. How the Dubai Land Department oversees escrow across the market is set out in the Dubai Land Department guide.

In the Dubai REST app, the Project Status service under Services returns Farm Gardens at The Valley as project number 2479, register name "The Valley - Farm Gardens". Its Escrow Account panel gives the bank, Emirates NBD Bank (P.J.S.C), and the account number that appears on this page as 0205*****8514. A payment instruction is consistent with the register only when its account number matches both that panel and the escrow details in the Sales and Purchase Agreement.