Parkland at Dubai Hills Estate Escrow Account

Mashreq Bank (P.S.C.) holds the escrow account for Parkland, account number 0190*****779 (shown in full in the Escrow Details section above), opened under DLD project number 3139 when the project was registered in July 2024.

Dubai Hills Estate L.L.C, developer number 984, is the Emaar entity registered against project 3139 and it is the name that appears in Dubai REST and on the RERA inspection reports. Emaar branding on marketing material and the registered entity name on the DLD record refer to the same development. A payment instruction naming any other company is a different matter entirely and should be checked against the registered escrow details before any funds move.

Parkland's 10/70/20 plan means the booking payment and every construction instalment enter the escrow account first. Mashreq releases funds to the developer only against construction stages certified by RERA inspection, and the closing 20 percent is due at handover, expected in Q4 2028.

No. The 4 percent Dubai Land Department registration fee sits outside the escrow structure. It is a government fee paid to the DLD in connection with registering the purchase, separate from the purchase price instalments that flow through the project escrow account.

The RERA inspection dated 22 June 2026 certified 50.02 percent completion, up from 30.62 percent at the previous inspection. Enabling, piling and foundation works are complete, while structure, internal works, external envelope, MEP and internal finishes are progressing across the B+G+23+R tower. Inspection history is tracked on the Parkland construction updates page.

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

No. Every off-plan payment for Parkland must go into the DLD-registered escrow account 0190*****779 at Mashreq (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. 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 precisely why payment into the registered account matters: money sent anywhere else sits outside that protection entirely. The wider framework is explained in the Dubai Land Department guide.

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

It depends on the tier. One bedroom apartments at Parkland started from AED 1.50 million (approx USD 409,000), which sits below the AED 2 million property investment threshold for the 10-year Golden Visa. Two bedroom apartments from AED 2.80 million (approx USD 762,000) and three bedroom apartments from AED 4.00 million (approx USD 1,089,000) are above it. The full requirements and application timing are covered in the Parkland Golden Visa guide.