Greenspoint 2 at Emaar South Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Greenspoint 2, account number 1113*****20035 (shown in full in the Escrow Details section above), opened under DLD project number 3558 when the project was registered in February 2025.

Greenspoint 2 is marketed under the Emaar Properties brand but is registered with the Dubai Land Department under Emaar Dubai South DWC LLC, developer number 1155, the Emaar entity that develops within Dubai South. Both names refer to the same group, which is why Dubai REST shows the subsidiary name against project 3558 while the brochure shows the brand.

Greenspoint 2 uses an 80/20 construction-linked plan: 10 percent on booking, 70 percent across seven instalments during construction, and 20 percent at completion. Every one of those payments enters the escrow account first, and funds reach the developer only against construction stages certified by DLD inspection. Four of the construction instalments are additionally tied to certified thresholds of 30, 50, 70 and 90 percent completion.

The DLD inspection dated 3 August 2026 certified 40.09 percent completion, up from 20.25 percent at the previous inspection. The inspection record describes structure, external envelope, MEP, internal finishes, external works and infrastructure all progressing. Dated milestone detail is tracked on the Greenspoint 2 construction updates page.

The protection continues regardless of the calendar. Funds remain in the escrow account and are still released only against certified progress, so a slipped date does not loosen the release conditions. Escrow protects the capital while the project completes; it does not itself compensate for delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Greenspoint 2 must go into the DLD-registered escrow account 1113*****20035 at Abu Dhabi Commercial 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 offering a discount for paying directly, matches 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 entered the registered account: funds sent anywhere else sit outside it entirely. The wider framework is explained in the Dubai Land Department guide.

Yes, Greenspoint 2 at Emaar South is a freehold project, open to all nationalities.

Greenspoint 2 townhouses start from AED 3.53 million (approx USD 961,000) 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 Greenspoint 2 Golden Visa guide.