Serro 2 at The Heights Escrow Account

The Serro 2 at The Heights escrow account is held with First Abu Dhabi Bank P.J.S.C. under account number 9009*****7653061 (the complete number is in the Escrow Details section above). The same bank is named as the trust account bank on the Dubai Land Department record for project 4238, which entered the register on 27 November 2025.

Under the Dubai Land Department escrow framework, funds leave the Serro 2 at The Heights account for the developer against construction progress recorded through DLD inspections, not against the dates on the payment schedule. The 9 June 2026 register reading was 0.5%, taken when the RERA inspection report noted mobilisation and enabling works, so the project stood at the very beginning of that progress scale. After completion, a retention portion of the balance is held back against defects, on terms set by DLD rules and the Sales and Purchase Agreement.

Yes. In the Serro 2 at The Heights launch payment schedule of record, the booking payment and the March 2026, September 2026, March 2027 and September 2027 instalments follow calendar dates, while the April 2028, October 2028, March 2029 and May 2030 instalments are tied to construction completion milestones that the plan labels 40%, 60%, 80% and 100%, with dates it marks as estimates. Both kinds are payable into the same escrow account. By the 9 June 2026 inspection the schedule had called 20% of the price, rising to 30% by September 2026, against a register reading of 0.5%; each buyer's own SPA sets the schedule that actually applies to them. Each new register reading is tracked on the Serro 2 at The Heights construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department to register the sale, at booking alongside the 10% down payment, and it never enters the First Abu Dhabi Bank escrow account. It is a government fee rather than part of the villa price, so it sits outside the escrow balance and outside the release rules that govern purchase-price instalments. On a 3 bedroom villa at AED 6.00M (approx. USD 1.63M) the fee comes to AED 240,000 (approx. USD 65,350).

Oqood is the Dubai Land Department register for off-plan sales. Once the SPA is signed and the booking payment is made, the purchase of a Serro 2 at The Heights villa is recorded under Oqood against DLD project 4238, giving the buyer a registered interest while the villa is still being built. The title deed follows completion and handover, expected in May 2030, once the final instalment and any other amounts due under the SPA are settled and the transfer is registered with the DLD.

No. Every off-plan instalment for Serro 2 at The Heights is payable into the DLD-registered escrow account 9009*****7653061 at First Abu Dhabi Bank (the unmasked number appears in the Escrow Details section), as recorded in the buyer's Sales and Purchase Agreement. A request to route money to a personal account, an agent, a new company account or a different bank, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment-diversion fraud however genuine the documents appear. Money sent anywhere other than the registered account falls outside escrow protection.

The protection does not depend on the calendar. Money in the Serro 2 at The Heights escrow account remains subject to release against recorded construction progress for as long as the build takes, so a later handover does not loosen it. Escrow safeguards capital but pays no compensation for delay; any delay terms are those written into the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and the money held in it, including any refunds owed to buyers, is then handled under Dubai Land Department supervision. That safeguard reaches only funds paid into the registered Serro 2 at The Heights account, which is why the account number matters on every transfer. It applies at every stage of the build, including the enabling works stage recorded on 9 June 2026. The regulatory framework behind it is covered in the Dubai Land Department guide.

The Dubai REST app lists Serro 2 at The Heights under Services, then Project Status, as project 4238 with the register name Serro 2 The Heights. That record shows the escrow bank and account number, which match this page and the escrow details printed in the buyer's Sales and Purchase Agreement. Where the app and any other source differ, the app record is the authority.

No cluster in The Heights has been handed over yet, so the relevant evidence is Emaar's recent Dubai handovers under the same DLD escrow framework: Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024). The Heights brochure puts Emaar at 118,400+ residential units delivered and 50,500+ under development, as at FY 2024. Serro 2 at The Heights itself was registered on 27 November 2025, recorded its construction start on 18 April 2026 and read 0.5% on the register on 9 June 2026.

The Serro 2 at The Heights escrow account protects purchase-price instalments paid into it, and the progress-linked rules that govern their release. It does not cover money sent to any other account, it does not compensate buyers for a later handover (delay terms sit in the Sales and Purchase Agreement), and it does not guarantee the villa's future resale value or rental income.