Velora 2 at The Valley Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Velora 2 at The Valley, account number 4031*****7653034 (shown in full in the Escrow Details section above). The account sits under DLD project number 3161, registered with the Dubai Land Department on 11 July 2024 by Emaar Development P.J.S.C., developer number 1211.

Buyer instalments collect in the escrow account and are released to Emaar in stages that follow construction progress recorded through the Dubai Land Department inspection cycle, not the dates on the payment plan. The latest DLD register reading is 40.28 percent at the inspection dated 6 July 2026, up from 26.28 percent at the previous inspection. Each new reading is tracked on the Velora 2 at The Valley construction updates page.

Oqood is the Dubai Land Department's register for off-plan sales. When a Velora 2 at The Valley townhouse is sold and the Sales and Purchase Agreement is signed, the unit is recorded in Oqood under DLD project number 3161, which ties the buyer's name to that specific townhouse and to the project's escrow account before any title deed exists. After completion and payment in full, the Oqood registration is converted into a title deed.

No. The 4% DLD registration fee is a government fee paid to the Dubai Land Department at booking, alongside the 10% down payment, and it does not pass through the escrow account. The escrow account receives the purchase price itself: the 10% down payment, the seven 10% construction instalments and the final 20% on completion. The full payment plan is set out in the Velora 2 at The Valley project guide.

Money already paid stays in the escrow account and continues to be released only against inspected construction progress, whatever the calendar says. The registered completion date for project 3161 is 31 July 2028, in line with the expected Jul 2028 handover. Escrow protects the capital held while the project completes, but it does not itself compensate for delay; any delay terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Velora 2 at The Valley belongs in the DLD-registered escrow account 4031*****7653034 at First Abu Dhabi Bank P.J.S.C. (the full number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying directly, matches the standard pattern of payment-diversion fraud, however official the paperwork appears. The account registered in Dubai REST and the one named in the Sales and Purchase Agreement are the two references any such request is measured against.

If the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are paid from the protected funds under DLD supervision. That protection covers money paid into the registered account for project 3161; money sent to any other account sits outside it. The regulatory framework behind it is explained in the Dubai Land Department guide.

The Dubai REST app lists the escrow account for every registered off-plan project. Under Services and then Project Status, a search for project number 3161 or "The Valley - Velora 2" opens the project record, and its Escrow Account panel shows the bank name and full account number held on the DLD register. That panel is the reference point for the details in the Sales and Purchase Agreement and on any payment instruction.

Velora 2 at The Valley has not yet been handed over, so the relevant record is Emaar's delivered Dubai portfolio rather than this project. Recent Emaar handovers in Dubai include Creek Palace (March 2026), Seagate (September 2025), June (June 2025) and Bliss (November 2024). Emaar's project material states that it has delivered approximately 115,000 residential units in Dubai and other global markets since 2002.