Palace Residences Hillside at Dubai Hills Estate Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the project trust account for Palace Residences Hillside, account number 9009*****1259015 (shown in full in the Escrow Details section above). The bank is recorded as the trust account bank in the inspection report dated 05 May 2026 for DLD project number 4015, registered on 07 August 2025.

The plan is 10 percent on booking, 70 percent across seven instalments during construction from December 2025 to July 2028, and 20 percent at 100 percent construction completion, expected June 2029. Every one of those payments enters the escrow account first, and the bank releases funds to the developer only against construction progress certified by inspection. Unit sizes, layouts and pricing are covered in the Palace Residences Hillside project guide.

The inspection dated 05 May 2026 certified 7.87 percent completion, up from a previous certified reading of 5.77 percent, with mobilisation underway and enabling and foundation works progressing. Construction started on 30 September 2025 and registered completion is 30 June 2029. Month by month detail is tracked on the Palace Residences Hillside construction updates page.

The protection continues regardless of the calendar. Funds remain in the escrow account and are released only against certified construction progress, so a slipped date does not move money out of supervision. Escrow protects the capital while the project completes; it does not itself pay compensation for delay, and those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Palace Residences Hillside belongs in the DLD-registered escrow account 9009*****1259015 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 account or an alternative company account, particularly one offering a discount for paying outside the normal route, matches the standard pattern of property payment fraud however official the paperwork appears. Any such request can be checked against the escrow account registered in Dubai REST and the escrow clause in the Sales and Purchase Agreement before funds are sent.

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 department supervision. This is the reason paying only into the registered account matters: money sent anywhere else sits outside that safety net entirely. The wider regulatory framework is explained in the Dubai Land Department guide.

Yes, Palace Residences Hillside is a freehold project, open to all nationalities.

It depends on the unit. The property investment threshold for the 10-year Golden Visa is AED 2 million (approx USD 545,000). One bedroom apartments at Palace Residences Hillside start from AED 1.71 million (approx USD 466,000), which sits below that threshold, while two bedroom apartments start from AED 2.51 million (approx USD 683,000) and clear it. Qualifying options and the application sequence are covered in the Palace Residences Hillside Golden Visa guide.