Greenway at Emaar South Escrow Account

Dubai Islamic Bank (PJSC) holds the escrow account for Greenway at Emaar South, account number 0015*****684601 (shown in full in the Escrow Details section above). The account is recorded against DLD project number 3032, which the Dubai Land Department registered on 25 April 2024.

Every Greenway instalment is paid into the project escrow account first. The bank releases money to the developer only against construction progress recorded by inspections carried out under Dubai Land Department supervision, so a release is tied to the stage of works on site rather than to the instalment dates in the Sales and Purchase Agreement.

The inspection dated 20 July 2026 placed Greenway at 39.06 percent on the DLD register, up from 32.25 percent at the 17 March 2026 inspection. Enabling works were recorded as completed, while structure, external envelope, MEP, finishes, external works and infrastructure were still progressing. Because releases follow recorded progress, most of the construction-linked releases from the account still lie ahead. Every dated reading for project 3032 is recorded in the Greenway at Emaar South construction updates guide.

Oqood is the Dubai Land Department's interim register for off-plan property. Once a Greenway townhouse is booked and the Sales and Purchase Agreement is signed, the unit is recorded in Oqood against DLD project number 3032. That record documents the buyer's interest in a home still under construction until the completed townhouse is transferred at handover.

No. The 4% DLD fee due at the booking and SPA stage is paid to the Dubai Land Department, not into the escrow account, so it never forms part of the protected balance. The 10% down payment made at the same stage is the amount that goes into the Greenway escrow account at Dubai Islamic Bank (PJSC).

Yes. A delay does not switch the safeguard off: money already in the Greenway escrow account stays there and is still released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the project is completed; it does not itself compensate buyers for a delay, and any delay terms sit in the Sales and Purchase Agreement. Handover is currently expected in Q3 2028.

No. Off-plan payments for Greenway are made only into the DLD-registered escrow account 0015*****684601 at Dubai Islamic Bank (PJSC), shown in full in the Escrow Details section above and recorded in the Sales and Purchase Agreement. Instructions to pay a private individual, an intermediary or any other company account, above all when a discount for paying direct is attached, fit the standard pattern of payment fraud however official the paperwork appears. The safeguard is comparing any such request with the escrow account shown in Dubai REST and in the SPA before funds are sent.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account, and refunds to buyers are handled from the protected funds under DLD supervision. That protection reaches only money paid into the registered Greenway account; funds sent anywhere else sit outside it. How the Dubai Land Department oversees off-plan projects is set out in the Dubai Land Department guide.

The escrow details are published in the Dubai REST app under Services, then Project Status. A search for project number 3032 or the name Greenway opens the project record, where the escrow panel lists Dubai Islamic Bank (Public Joint Stock Company) together with the account number. The same details appear in the buyer's Sales and Purchase Agreement, and the record also shows the project status, the registration date and the latest inspection reading.

No phase of Greenway has been handed over yet. At developer level, recent Emaar deliveries in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024), each completed within the same Dubai Land Department escrow and inspection framework that now governs Greenway. Greenway itself is registered under EMAAR DUBAI SOUTH DWC LLC, DLD developer number 1155.

The Greenway dates of April 2024, June 2024, November 2024, April 2025, October 2025 and June 2026 belong to the launch schedule of record, and all six have passed. They document how the original plan of ten 10 percent instalments was laid out; a unit bought today follows terms Emaar sets at the time of booking. Whatever the new schedule looks like, each instalment still goes into the same escrow account and is released only against recorded construction progress.