Vida Residences Club Point at Dubai Hills Estate Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Vida Residences Club Point, account number 4031*****1259006 (shown in full in the Escrow Details section above), opened under DLD project number 3309 when the project was registered in September 2024.

Dubai Hills Estate L.L.C is the registered developer entity for Vida Residences Club Point in Dubai Land Department records, under developer number 984, while Emaar is the brand under which the project is marketed and sold. Both names refer to the same development, so a buyer cross-checking the project in Dubai REST should expect to see the registered entity name rather than the marketing name.

The 80/20 construction linked plan means the 10 percent booking payment and the eight construction instalments that follow are all paid into the escrow account first. The bank releases funds to the developer only against construction stages certified by RERA inspections, and the closing 20 percent falls due at completion, scheduled for February 2029.

No. The 4 percent Dubai Land Department registration fee is a government charge paid to the Land Department at the point of registering the purchase. It is separate from the purchase price and sits outside the project escrow account, which holds only the instalments payable to the developer.

The RERA inspection dated 22 April 2026 certified 36.5 percent completion, up from 22.9 percent at the previous inspection. Enabling, piling and foundation works are complete, and structural works, external envelope, MEP, internal works and internal finishes are progressing. Inspection by inspection detail is tracked on the Vida Residences Club Point construction updates page.

The escrow protection continues regardless of the calendar. Funds remain in the account and are released only against certified construction progress, so a delay does not move money out of protection. Escrow safeguards the capital while the project is completed; it does not itself provide compensation for delay, and any such terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Vida Residences Club Point must go into the DLD-registered escrow account 4031*****1259006 at First Abu Dhabi Bank (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. Funds sent to any account other than the registered escrow account sit outside that mechanism entirely, which is the practical reason the account number matters more than any other detail in a transaction. The wider framework is explained in the Dubai Land Department guide.

Yes, Vida Residences Club Point is a freehold project, open to all nationalities.

It depends on the tier. One bedroom apartments start from AED 1.61 million (approx USD 438,000), which is below the AED 2 million property investment threshold for the 10-year Golden Visa. Two bedroom apartments start from AED 2.32 million (approx USD 632,000) and three bedroom apartments from AED 3.40 million (approx USD 926,000), both above the threshold. The requirements and application timing are covered in the Vida Residences Club Point Golden Visa guide.