Palm Hills at Dubai Hills Estate Escrow Account

Emirates Islamic Bank P.J.S.C. holds the project escrow account for Palm Hills at Dubai Hills Estate, account number 3537*****0003 (shown in full in the Escrow Details section above). The account sits under Dubai Land Department project number 2263, registered on 8 June 2021.

No. Every payment recorded against Palm Hills at Dubai Hills Estate belongs in the DLD-registered escrow account 3537*****0003 at Emirates Islamic Bank P.J.S.C. (the full number sits in the Escrow Details section above), matching the details written into the Sales and Purchase Agreement. A request to route funds to a personal account, a brokerage account or a second company account, particularly one sweetened with a discount for paying outside the normal channel, is the standard shape of payment diversion fraud however genuine the paperwork looks. Any instruction of that kind should be checked against the escrow account registered in Dubai REST and against the Sales and Purchase Agreement before money moves.

Yes. The Dubai Land Department record carries Palm Hills at Dubai Hills Estate with the status Finished, but the registered escrow account remains the account named in buyer contracts, and a portion of project funds is held back after completion to cover defect rectification. Owners of finished homes also receive fraudulent payment requests, so matching any instruction against the registered account remains the relevant check after handover as well as before it.

Palm Hills at Dubai Hills Estate is complete. The most recent inspection on the record is dated 9 April 2025, and the RERA independent progress monitoring report for it gives the progress status as Completed. The Dubai Land Department application shows that same inspection at 100 percent current progress against a previous reading of 93.3 percent, a movement of 6.7 percentage points. Construction was recorded as completed on 31 October 2024. The inspection record is kept on the Palm Hills construction updates page.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are handled from the protected balance under DLD supervision. That is the reason paying only into the registered account matters, because funds sent elsewhere sit outside the protection entirely. Palm Hills at Dubai Hills Estate is recorded as Finished with progress recorded at 100 percent, so cancellation is not a live scenario here, though the mechanism exists for every registered project. The wider framework is explained in the Dubai Land Department guide.

The launch plan for Palm Hills at Dubai Hills Estate opened with 12 percent on booking and reached 70 percent by construction completion, with the remaining 30 percent scheduled in six instalments of 5 percent every four months across the two years after completion, from February 2025 to October 2026. Every construction stage payment entered the escrow account first, and the bank released funds to the developer only against progress recorded by DLD inspection. That schedule was the 2021 launch structure and is historical, not a current offer on a completed villa.

The Dubai Land Department register records the developer of Palm Hills at Dubai Hills Estate as DUBAI HILLS ESTATE L.L.C, developer number 984, on plot 4380 in Hadaeq Sheikh Mohammed Bin Rashid. The project is marketed under the Emaar name, and the escrow releases were made to that registered developer entity.

No. The escrow account sheet in the Dubai Land Department application returns the line "There are no remarks for the project" for Palm Hills at Dubai Hills Estate. Remarks are where the regulator notes issues attached to a project file, so an empty remarks field on a project already carrying the status Finished is the clean result a buyer wants to see.

Yes, Palm Hills at Dubai Hills Estate is a freehold project, open to all nationalities.

Villas at Palm Hills at Dubai Hills Estate are priced from AED 18M ≈ USD 4.9M, far above the AED 2 million property investment threshold for the 10-year Golden Visa, and a completed home with a title deed is the most direct basis for an application. The requirements and timing are covered in the Palm Hills Golden Visa guide.