Park Horizon at Dubai Hills Estate Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Park Horizon, account number 1135*****20014 (shown in full in the Escrow Details section above), opened under DLD project number 2483 when the project was registered in November 2022.

The DLD-registered developer for Park Horizon is Dubai Hills Estate L.L.C, developer number 984, the Emaar entity that holds the Dubai Hills Estate development. Dubai REST and RERA inspection reports name that company rather than Emaar Properties, so a payment instruction referencing a different entity does not match the registered record.

The RERA inspection dated 29 September 2025 certified Park Horizon at 100 percent completion, up from 70.96 percent at the previous inspection, with the Building Completion Certificate issued on 26 August 2025. Dubai REST lists the project status as Finished. The dated inspection history is tracked on the Park Horizon construction updates page.

Park Horizon sold on an 80/20 construction linked plan: 10 percent on booking plus the 4 percent Dubai Land Department registration fee, 70 percent across seven instalments, and 20 percent on construction completion. Each payment entered the escrow account first, and the bank released funds to the developer only against construction stages certified by RERA inspections.

It remains the registered project account, and it is still relevant in three ways: closing releases to the developer, any retention held against defect repairs, and settlement on transactions involving the developer's remaining units. Completion also does not end fraudulent payment requests, which is why owners and new buyers still verify the account before transferring funds.

No. Payments for Park Horizon units sold by the developer must go into the DLD-registered escrow account 1135*****20014 at Abu Dhabi Commercial 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, 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 funds are sent.

Retention is a portion of the escrow balance held back after construction completion rather than released to the developer, so that funds remain available if defects appear during the warranty period. It is the financial reason a developer responds to a documented snagging list, and it sits inside the same DLD-supervised account structure described in the Dubai Land Department guide.

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

It depends on the unit tier. Park Horizon one and two bedroom apartments started from AED 1.16 million (approx USD 316,000) and AED 1.81 million (approx USD 493,000), both below the AED 2 million property investment threshold, so those tiers do not qualify on a single unit. Three bedroom apartments started from AED 2.89 million (approx USD 787,000), which is above the threshold for the 10-year Golden Visa. The requirements and application timing are covered in the Park Horizon Golden Visa guide.