Salva at The Heights Escrow Account

Emirates Islamic Bank P.J.S.C. holds the Salva at The Heights escrow account, number 3538*****0323; the complete number is available through the Show and Copy buttons in the Escrow Details section of this page. The Dubai Land Department register lists the account against project 4240, registered on 26 November 2025, with EMAAR DEVELOPMENT P.J.S.C. as the registered developer.

Buyer instalments collect in the escrow account, and Emirates Islamic Bank pays out to Emaar in stages matched to construction progress verified through Dubai Land Department inspections, not to the payment calendar. The latest reading in this page's record is 0.5% on 9 June 2026 according to the Dubai Land Department project register, while the developer's schedule calls 30% of the price by September 2026. Under the escrow framework, money paid ahead of verified progress stays in the account until inspections support a release. Each dated reading is tracked on the Salva at The Heights construction updates page.

No. Off-plan payments for Salva at The Heights belong in the DLD-registered escrow account 3538*****0323 at Emirates Islamic Bank (the full number is in the Escrow Details section above), as written in the Sales and Purchase Agreement. A request to pay a broker, a personal account or a different company account, particularly one that comes with a discount for doing so, matches the pattern of payment-diversion fraud, however genuine the documents appear. Such a request can be tested against the escrow record in Dubai REST and against the SPA before any money moves.

Oqood is the Dubai Land Department's register for off-plan sales. Once a Salva villa is booked and the SPA is signed, the sale is recorded under Oqood against project 4240, which ties the buyer's contract to the project and to its escrow account. The Oqood record is interim: after completion and settlement of the final payment, the villa moves to a title deed issued by the Dubai Land Department.

No. The 4% DLD registration fee is settled with the Dubai Land Department when the villa is booked, at the same time as the 10% down payment, and it never enters the Salva escrow account. It is a government registration charge rather than part of the villa price, so it is not held against construction progress and is not released to Emaar.

Money in the escrow account stays there and is still released only against verified construction progress, whatever the calendar shows, so a later handover does not expose paid instalments to the developer's wider finances. Escrow protects capital; it does not pay compensation for delay, and any delay terms sit in the Sales and Purchase Agreement. The Dubai Land Department register records a registered completion date of 31 July 2030 for project 4240.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then paid from the money held in it, under Dubai Land Department supervision. That safeguard reaches only money paid into the registered account for project 4240; funds sent anywhere else sit outside it. A buyer's own decision to withdraw is a different case: it is governed by the termination terms of the Sales and Purchase Agreement and the Dubai Land Department's procedures for off-plan contracts, not by the escrow account. The regulatory framework behind this is covered in the Dubai Land Department guide.

Through the Dubai REST app, where Project Status under Services lists project 4240 under its register name, Salva The Heights, together with the escrow bank and account recorded for it. The same bank and account number also appear in the escrow clause of the Sales and Purchase Agreement. The Escrow Details section of this page shows Emirates Islamic Bank P.J.S.C. and the masked account number for comparison.

Salva at The Heights is registered to EMAAR DEVELOPMENT P.J.S.C., DLD developer number 1211. Recent Emaar completions in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024), dates taken from the company's delivery record rather than from DLD register extracts. The Heights brochure reports more than 118,400 residential units delivered by Emaar as of FY 2024. Salva's own record begins with registration on 26 November 2025 and a construction start on 18 May 2026.

Escrow protects instalments paid into the registered account; it does not guarantee the handover date, pay compensation for delay, or protect money sent to any other account. Government charges such as the DLD registration fee sit outside it, as do the buyer's own financing arrangements and the future market value of the villa. Defects found after completion fall under the developer's obligations in the Sales and Purchase Agreement, with the post-completion retention acting as a financial backstop.

Emaar's schedule places the last 20% in July 2030, against 100% construction completion by the developer's estimate, and it is paid into the same escrow account as every earlier instalment. It is the only row that pairs a date with full completion, which makes it the point where the finished villa, the final payment and the move from Oqood to title deed meet. A retention amount also remains in escrow for a period after completion.