Ovelle at The Valley Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Ovelle at The Valley, account number 9009*****7653054 (shown in full in the Escrow Details section above), opened under DLD project number 4219 when the project was registered on 18 November 2025.

Ovelle at The Valley sells on a 10/70/20 plan. The 10 percent down payment and the seven construction instalments of 10 percent each land in the escrow account first, and the bank releases those funds to Emaar only against construction stages certified by DLD inspections. Three instalments are tied to the 50, 70 and 90 percent completion milestones, and the final 20 percent falls due at 100 percent construction completion in December 2029, with handover expected in Q4 2029.

The DLD inspection dated 16 June 2026 certified 2.36 percent completion, up from zero percent at the previous inspection, and recorded the Progress Status as Enabling Works - Progressing. The inspection note describes mobilization on site with enabling and infrastructure works ongoing, so no vertical structure is reported at this reading. Month by month detail is tracked on the Ovelle at The Valley construction updates page.

Escrow funds are released to the developer in proportion to progress certified by DLD inspections rather than on a calendar. At 2.36 percent certified, only a small share of the money already paid into the Ovelle at The Valley account can have been released, and the remainder stays in the account until later inspections certify further progress. Each new inspection updates the figure that governs those releases.

Yes, the protection continues. Funds remain in the escrow account and are still released only against certified progress, whatever the calendar says. Escrow protects capital while a project completes, but it does not itself compensate for delay; the delay terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Ovelle at The Valley must go into the DLD-registered escrow account 9009*****7653054 at First Abu Dhabi 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, especially one paired with a discount for paying directly, is the classic pattern of payment fraud however official the paperwork looks. 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 move.

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 is exactly why paying only into the registered account matters: money sent anywhere else sits outside the protection entirely. The wider framework is explained in the Dubai Land Department guide.

Yes, Ovelle at The Valley is a freehold project, open to all nationalities. The ownership terms, villa layouts and pricing are set out in the Ovelle at The Valley project guide.

Ovelle at The Valley villas start from AED 7.09 million (approximately USD 1.93 million), which is well above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and the timing of the application are covered in the Ovelle at The Valley Golden Visa guide.