Hills Park at Dubai Hills Estate Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Hills Park, account number 3537*****0007 (shown in full in the Escrow Details section above), opened under DLD project number 2428 when the project was registered with the Dubai Land Department on 28 July 2022.

The developer recorded against Hills Park in Dubai Land Department files is Dubai Hills Estate L.L.C., DLD developer number 984, the Emaar entity that develops the Dubai Hills Estate masterplan. Escrow releases on project number 2428 are made to that registered entity and to no other party.

Hills Park sold on a 10/70/20 structure: 10 percent on booking, 70 percent across seven construction instalments, and 20 percent tied to completion. Each of those payments lands in the escrow account first, and Emirates Islamic Bank released funds to the developer only against construction stages certified by RERA inspection. A 4% DLD registration fee is payable on top of the purchase price as a separate government charge.

The inspection dated 8 October 2025 certified Hills Park at 100 percent progress, up from 98.95 percent at the previous inspection, and recorded the project status as completed. Dubai Civil Defence clearance was issued on 20 August 2025 and the building completion certificate was issued by the Dubai Development Authority on 23 September 2025. Inspection by inspection detail is tracked on the Hills Park construction updates page.

Yes. Remaining units sold by the developer are still paid for through the registered escrow account, and a retention portion of the collected funds stays inside that account after completion to cover defect rectification. A completed project narrows the risk of non-delivery, but it does not change the rule that payments belong in the registered account rather than anywhere else.

No. Every payment for a Hills Park unit belongs in the DLD-registered escrow account 3537*****0007 at Emirates Islamic Bank P.J.S.C. (the full number sits in the Escrow Details section above), matching the escrow details written into the Sales and Purchase Agreement. A request to send funds to a personal account, an agent account, or a different company account, particularly one offering a discount for paying outside the escrow route, follows the standard pattern of payment diversion fraud however convincing the paperwork appears. Any such request can be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before funds move.

Funds held in the escrow account stay under Dubai Land Department supervision regardless of the calendar, and are released only against certified progress. Escrow protects the capital while a project completes; it does not itself pay compensation for delay, and any delay remedy sits in the terms of the Sales and Purchase Agreement. The post-completion retention held in escrow is what gives a defect list found at a snagging inspection commercial weight.

When 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 Dubai Land Department supervision. Money paid to any account outside that registration sits beyond the reach of that process. With Hills Park certified at 100 percent and recorded as completed, cancellation is not a live scenario for this project, though the protection exists in the framework regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, Hills Park at Dubai Hills Estate is a freehold project, open to buyers of all nationalities.

The property investment threshold for the 10-year UAE Golden Visa is AED 2 million. Hills Park apartments start from AED 1.21M (approx USD 329,000), so entry level one bedroom units sit below that threshold, while larger layouts reach above it. Which configurations qualify, and how the application is timed against title registration, is covered in the Hills Park Golden Visa guide.