Hillmont Residences Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for Hillmont Residences, account number 1363*****20003 (the complete number is in the Escrow Details section above). The account is recorded against DLD project number 3081, registered with the Dubai Land Department on 15 July 2024, and the July 2026 RERA report names the same trust bank.

Hillmont Residences follows a 70/30 plan. The 20 percent booking payment and the instalments of 10, 10, 5 and 5 percent due 60, 120, 240 and 360 days after the reservation date follow the calendar, while four instalments of 5 percent each fall due on completion of 30, 40, 50 and 60 percent construction. All of them are paid into the escrow account, and funds are released to the developer against construction progress under Dubai Land Department supervision. At the DLD Register Reading of 26.29% recorded on 22 July 2026, none of the construction-linked instalments had been triggered. Later readings are tracked on the Hillmont Residences construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20 percent booking payment, and is not held in the Hillmont Residences escrow account. Only the purchase-price instalments are paid into escrow.

The final 30 percent is due on completion, with handover expected in Q4 2026. It is paid into the same escrow account as the earlier instalments, and a retention portion of the escrow funds is held after completion as a reserve for defect repairs. The completion payment terms are set out in the Sales and Purchase Agreement.

Escrow protection does not depend on the calendar. Money already paid stays in the trust account, and the developer can still draw on it only as construction progress is recorded, whenever completion is reached. The Dubai Land Department register records a completion date of 31 December 2026 for Hillmont Residences and the expected handover is Q4 2026; the current construction and handover timetable is best confirmed with the developer in writing. Escrow protects capital while construction continues but does not itself compensate for any delay; those terms sit in the Sales and Purchase Agreement, and the retention held after completion applies either way.

No. Every off-plan payment toward a Hillmont Residences apartment belongs in the DLD-registered escrow account 1363*****20003 at ADCB (available in full under Escrow Details above), as stated in the Sales and Purchase Agreement. A request to pay a personal account, an agent, or a different company account, particularly one offering a discount for paying outside escrow, matches the usual pattern of payment fraud regardless of how official it appears. Funds sent that way fall outside escrow protection, which is why the Dubai REST record and the SPA are the two references any changed payment instruction has to match.

Should the Dubai Land Department cancel a registered project, RERA takes control of the escrow account, and buyer refunds are then handled from the protected balance under DLD supervision. That safety net reaches only money paid into the registered account, so payments made anywhere else are not covered by it. The regulatory background sits in the Dubai Land Department guide.

Inside the Dubai REST app, the Project Status service under Services leads to the project, which can be found by project number 3081 or by the register name Hillmont Residences By Ellington. Its Escrow panel lists the bank as Abu Dhabi Commercial Bank together with the escrow account number, and that panel is the reference for every transfer. The project record also shows the status (Active), the registration date of 15 July 2024 and the latest inspection reading.

The Dubai Land Department record and the July 2026 RERA report list the registered developer as B L G DEVELOPMENT L.L.C, developer number 1910, while the project is marketed as Hillmont Residences by Ellington. The register itself does not set out how the two names relate, so the Sales and Purchase Agreement and the Dubai REST record are the documents a buyer compares.

Ellington announced that handover of Harrington House, a 92-residence building in Jumeirah Village Circle, began on 1 November 2022, describing it as completed ahead of schedule. The developer also lists Belgravia Heights I in Jumeirah Village Circle, DT1 in Downtown Dubai, and Wilton Terraces and Wilton Park Residences in Mohammed Bin Rashid City among its completed buildings. These are the developer's own announcements rather than DLD register entries for Hillmont Residences.

Escrow covers the purchase-price instalments paid into the registered account. It does not hold the 4% DLD registration fee, which goes to the Dubai Land Department, and it does not protect money paid to any other account. It also does not compensate buyers for a change in the completion date, fix a handover date, or settle disputes about the finished apartment; those matters are governed by the Sales and Purchase Agreement.