NARA at The Valley Escrow Account

Commercial Bank of Dubai (PSC) holds the project trust account for NARA at The Valley, account number 1003*****4, shown in full in the Escrow Details section above. The account sits under DLD project number 2274 and was opened as a condition of the project's registration with the Dubai Land Department on 26 July 2021.

Yes. The trust account remains the registered destination for project payments as recorded in the Sales and Purchase Agreement, and a retention portion is held after completion so that defects raised at handover can be funded. Dubai REST continues to publish the account against project number 2274 even though the register carries the project as Finished.

Buyer instalments accumulated in the trust account and the bank released funds to Emaar only against construction progress certified by Dubai Land Department inspection, never on the developer's own schedule. The inspection dated 25 November 2024 certified 100 percent progress, up from 94.51 percent at the previous inspection, which closed the construction linked release cycle. The inspection trail is tracked on the NARA at The Valley construction updates page.

Oqood is the Dubai Land Department system that records an off-plan unit against its buyer before a title deed exists. A NARA unit bought during construction was registered under Oqood at the booking stage, which is what tied each escrow payment to a named buyer and a specific unit. With the project now recorded as Finished, a completed purchase registers as a title deed transfer at the Dubai Land Department rather than as an Oqood entry.

No. The 4 percent DLD registration fee is a government registration charge paid to the Dubai Land Department and it does not enter the project trust account. Only purchase price payments are routed into the escrow account at Commercial Bank of Dubai (PSC). The fee is calculated on the purchase price and falls due at registration, alongside the booking payment rather than as part of it. The registration framework behind it is explained in the Dubai Land Department guide.

No. Project payments for NARA at The Valley belong in the DLD-registered escrow account 1003*****4 at Commercial Bank of Dubai (PSC), with the full number shown in the Escrow Details section above, exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, to an agent's account, or to an alternative company account, particularly one paired with a discount for paying directly, matches the standard pattern of payment diversion fraud however official the paperwork appears. Any such instruction can be checked against the escrow account published in Dubai REST and the details written into the Sales and Purchase Agreement before any funds are sent.

Escrow protection applies to the money rather than to the calendar. Funds stayed in the trust account and were released only against certified construction progress, so a slipping date could not put buyer capital in the developer's hands ahead of the work. Escrow does not itself compensate for delay; compensation terms, where they exist, sit in the Sales and Purchase Agreement. NARA reached 100 percent certified progress at the inspection dated 25 November 2024, and the registered completion date recorded with the Dubai Land Department is 30 December 2024.

The Dubai REST app publishes the registered escrow account for every project. Opening Services, then Project Status, then searching project number 2274 or the register name The Valley-Nara brings up the project record, and its Escrow Account panel shows the bank name and account number held on file by the Dubai Land Department. Those details can then be matched against the escrow details written into the Sales and Purchase Agreement before any transfer.

NARA was built by Emaar Development P.J.S.C., DLD developer number 1211. The company reported revenue of AED 35.5 billion for 2024 and has delivered more than 118,400 residential units since 2002. Its recent completed Dubai projects include Creek Palace in March 2026, Seagate in September 2025, June in June 2025 and Bliss in November 2024, each run on the same DLD escrow and inspection framework that governed NARA.