Greenside Residence at Dubai Hills Estate Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Greenside Residence, account number 0204*****6124 (shown in full in the Escrow Details section above), opened under DLD project number 2705 when the project was registered in June 2023.

Dubai Hills Estate L.L.C, DLD developer number 984, is the licensed entity registered against project 2705 and is the name that appears in Dubai REST. Emaar is the brand under which the development is marketed. Both refer to the same project, so a Dubai REST record showing Dubai Hills Estate L.L.C is the correct record for Greenside Residence.

Greenside Residence uses a 10/80/10 structure: 10 percent at booking, 80 percent across seven construction instalments, and 10 percent at full construction completion. All of it enters the escrow account first. The final five instalments fall due at 20, 40, 60, 80 and 100 percent construction completion, the same milestones DLD inspections certify before the bank releases funds to the developer.

The RERA inspection dated 4 June 2026 certified 87.01 percent completion, up from 71.95 percent at the previous inspection. Enabling, piling, foundation and structural works are complete, while internal works, the external envelope, MEP, internal finishes and external works are progressing. Inspection by inspection detail is tracked on the Greenside Residence construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are still released only against certified progress, whatever the calendar says. Escrow safeguards the capital while the project completes, but it does not itself compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Greenside Residence must enter the DLD-registered escrow account 0204*****6124 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 offering a discount for paying directly, is the standard pattern of payment 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 are sent.

If the Dubai Land Department cancels a registered project, RERA assumes control of the escrow account and buyer refunds are processed from the protected funds under DLD supervision. This is precisely why payments belong only in the registered account: funds sent elsewhere sit outside that protection. With 87.01 percent of construction certified, Greenside Residence is well beyond the stage where cancellation is a realistic concern, though the mechanism exists regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, Greenside Residence is a freehold project, open to all nationalities.

It depends on the unit. The property investment threshold for the 10-year UAE Golden Visa is AED 2 million. Current one-bedroom developer pricing starts from AED 1.98M, which sits slightly below the threshold. Two-bedroom apartments start from AED 3.25M and three-bedroom apartments from AED 4.11M, both above the threshold. Final eligibility depends on the qualifying property value and the applicable authority requirements. Qualifying options and application timing are covered in the Greenside Residence Golden Visa guide.