Parkwood at Dubai Hills Estate Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Parkwood, account number 4031*****1259012 (shown in full in the Escrow Details section above), opened under DLD project number 3488 when the project was registered in January 2025.

Parkwood sells on a construction linked plan of 10 percent on booking, 70 percent across seven instalments during the build and 20 percent at completion. Each of those payments enters the escrow account first, and the bank releases funds to the developer only against construction stages certified by DLD inspection. The closing 20 percent falls due at 100 percent construction completion, dated January 2029. The 4 percent Dubai Land Department registration fee is paid separately to the DLD and does not pass through escrow.

The DLD inspection dated 7 May 2026 certified 15 percent completion, up from 5.83 percent at the previous inspection. The report records enabling, piling, foundation and structure works progressing across Tower A, Tower B and the shared podium. Month by month detail is tracked on the Parkwood construction updates page.

Yes, the protection continues. Funds remain in the escrow account and are still released only against certified construction progress, whatever the calendar says. Escrow protects the capital while the project is completed; it does not itself pay compensation for a delay, and any delay remedies sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Parkwood must go into the DLD-registered escrow account 4031*****1259012 at First Abu Dhabi 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 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: money sent anywhere else sits outside that protection entirely. The wider framework is explained in the Dubai Land Department guide.

Parkwood is marketed by Emaar Properties and registered with the Dubai Land Department under developer number 984 in the name of Dubai Hills Estate L.L.C. Both names point to the same record, which is worth knowing when cross-referencing project 3488 in Dubai REST.

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

The property investment threshold for the 10-year Golden Visa is AED 2 million (approx USD 545,000). One bedroom apartments at Parkwood started from AED 1.75 million (approx USD 477,000), which sits below that line, while two bedroom apartments started from AED 2.61 million (approx USD 711,000) and clear it. The qualifying tiers and application requirements are covered in the Parkwood Golden Visa guide.