Park Gate 2 at Dubai Hills Estate Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Park Gate 2 at Dubai Hills Estate, account number 0204*****6140, shown in full in the Escrow Details section above. The account was opened under DLD project number 3641 when the project was registered on 9 April 2025.

Park Gate 2 runs on a 20/60/20 schedule: 20 percent at booking, 60 percent across five instalments dated between July 2025 and October 2026, and 20 percent on 100 percent construction completion, dated February 2027. All of those payments are made into the project escrow account, and the bank releases funds to the developer only against construction certified by DLD inspection. A 4% DLD registration fee is paid separately to the Land Department.

The DLD inspection dated 8 June 2026 certified 55.15 percent completion, up from 47.69 percent at the previous inspection. Enabling, piling, foundation, and structural works are complete across all 17 villas, while external envelope, MEP, internal finishes, external works, and infrastructure works are in progress. Each inspection cycle is tracked on the Park Gate 2 construction updates page.

Yes. Funds already paid stay in the escrow account and continue to be released only against certified construction progress, whatever the calendar does, and a retention portion is held inside the account after completion. Escrow protects the capital while the project is finished, but it does not itself compensate for delay: those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Park Gate 2 goes into the DLD-registered escrow account 0204*****6140 at Emirates NBD, the account recorded in the Sales and Purchase Agreement, with the full number shown in the Escrow Details section above. A request to send funds to a personal account, an agent's account, or a different company account, particularly one offered alongside a discount for paying outside the escrow account, matches the standard pattern of payment-diversion fraud however official 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 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 DLD supervision. That protection reaches only money paid into the registered account, because funds sent anywhere else sit outside it. Project 3641 is listed as Active on the DLD register, with 55.15 percent of construction certified at the 8 June 2026 inspection. The wider framework is explained in the Dubai Land Department guide.

Yes, Park Gate 2 at Dubai Hills Estate is a freehold project, open to all nationalities. The villa layouts, built-up areas, and prices are set out on the Park Gate 2 at Dubai Hills Estate project guide.

Park Gate 2 villas start at AED 14.12 million (approx USD 3.84 million), well above the AED 2 million property investment threshold for the 10-year Golden Visa. The requirements and the timing of an application are covered in the Park Gate 2 Golden Visa guide.