Park Gate at Dubai Hills Estate Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Park Gate, account number 0204*****6136 (shown in full in the Escrow Details section above), opened under DLD project number 2846 when the project was registered on 17 November 2023.

Dubai Hills Estate L.L.C is the registered development entity for the master community, listed under DLD developer number 984, and it is the name that appears on Park Gate's project record and RERA inspection reports. Emaar is the group brand under which the project is marketed. Both names refer to the same development, so a Dubai REST record showing Dubai Hills Estate L.L.C confirms the correct project rather than indicating a discrepancy.

Park Gate uses a 20/70/10 structure: 20 percent on booking, seven construction-linked instalments of 10 percent running to March 2027, and a final 10 percent scheduled for December 2027 against 100 percent construction completion. All of it is paid into the escrow account, and the bank releases funds to the developer only against construction stages certified by RERA inspections. Handover is expected in Q4 2027.

The inspection dated 3 June 2026 certified 83.08 percent completion, up from 71.58 percent at the previous inspection. Enabling, foundation and structural works are complete, while internal works, external envelope, MEP, internal finishes, external works and infrastructure are progressing at different stages. Milestone detail is tracked on the Park Gate construction updates page.

No. The 4 percent Dubai Land Department transfer fee is a government registration charge paid separately to the DLD and sits outside the escrow account entirely. The escrow account holds the purchase price instalments set out in the Sales and Purchase Agreement.

Yes, the protection continues. Funds remain in the escrow account and are released only against certified progress, regardless of the calendar. Escrow safeguards the capital while the project completes; it does not itself compensate for delay, and those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Park Gate must go into the DLD-registered escrow account 0204*****6136 at Emirates NBD (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, particularly one paired with a discount for paying directly, is the standard pattern of payment diversion fraud regardless of how official the paperwork appears. 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 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. This is the reason paying only into the registered account matters, since money sent elsewhere sits outside that protection. With 83.08 percent of construction certified, Park Gate is well beyond the stage at which cancellation is a realistic concern, though the mechanism exists regardless. The wider framework is explained in the Dubai Land Department guide.

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

Park Gate villas start from AED 10.4 million (approx USD 2,832,000) for 4 bedroom villas and AED 12.7 million (approx USD 3,458,000) for 5 bedroom villas, so every unit type sits well above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Park Gate Golden Visa guide.