Selvara 2 Escrow Account

National Bank of Ras Al Khaimah (P.S.C.) holds the escrow account for Selvara 2, account number 0322*****4005 (shown in full in the Escrow Details section above), opened under DLD project number 3823 when the project was registered on 13 June 2025.

Emaar markets the release as Selvara 2 at Grand Polo Club and Resort, while the Dubai Land Department records it under the registered project name Grand Polo - Selvara 2, project number 3823, with Emaar Development P.J.S.C. listed as the developer under developer number 1211. Searching Dubai REST returns the registered wording, and the escrow account is held against that registration.

Selvara 2 sells on an 80/20 structure: 10 percent on booking, 70 percent across seven construction installments, and 20 percent at 100 percent construction completion in April 2029. Each amount is paid into the escrow account first, and the bank releases funds to Emaar only against construction stages certified by DLD inspections. The 4 percent DLD registration fee payable at booking is a separate government charge and is not paid into escrow.

The DLD inspection dated 14 May 2026 certified 4.04 percent completion, up from 0.65 percent at the previous inspection. Mobilisation, substructure works, and deep infrastructure services were recorded as progressing on site. Inspection history is tracked on the Selvara 2 construction updates page.

The escrow protection continues regardless of the calendar. Funds remain in the account and are released only against certified progress, so a slipping programme slows releases rather than exposing capital. Escrow protects capital while the project completes; it does not itself compensate for delays, and those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Selvara 2 must go into the DLD-registered escrow account 0322*****4005 at National Bank of Ras Al Khaimah (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 the reason paying only into the registered account matters: money sent anywhere else sits outside that protection and outside that refund mechanism. The wider framework is explained in the Dubai Land Department guide.

Selvara 2 is registered with the Dubai Land Department as a residential development of 246 villas built over ground plus two floors, on plot number 3456 in Dubai Investment Park Second. The four bedroom villas average 3,796 sq ft of built-up area.

Yes, Selvara 2 at Grand Polo Club and Resort is a freehold project, open to all nationalities.

Selvara 2 villas start from AED 6.22 million (approx USD 1.69 million), which is above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Selvara 2 Golden Visa guide.