Vida Residences at Dubai Hills Estate Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Vida Residences Dubai Hills Estate, account number 0204*****6134 (shown in full in the Escrow Details section above), opened under DLD project number 2795 when the project was registered in November 2023.

The developer registered with the Dubai Land Department is Dubai Hills Estate L.L.C, developer number 984. The project is developed and marketed under the Emaar and Vida Residences brands, so a Dubai REST search by brand name does not return it; searching project number 2795 does.

The plan runs 10 percent on booking, eight further installments of 10 percent through construction, and a final 10 percent at 100 percent construction completion, scheduled for August 2028. All of it enters the escrow account first, and the bank releases funds to the developer only against construction stages certified by DLD inspections. Handover is expected in Q3 2028.

The inspection dated 2 June 2026 certified 85.12 percent completion, up from 70 percent at the previous inspection. Enabling, piling, foundation and structure works are complete, while internal works, the external envelope, MEP, internal finishes and external works are progressing. Inspection-by-inspection detail is tracked on the Vida Residences construction updates page.

The escrow protection continues regardless of the calendar. Funds remain in the account and are released only against certified progress. Escrow safeguards capital while a project completes; it does not itself compensate for delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Vida Residences Dubai Hills Estate must go into the DLD-registered escrow account 0204*****6134 at Emirates NBD (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or an alternative company account, particularly one paired with a discount for paying directly, is the standard pattern of payment fraud however official the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before funds are sent.

No. The 4 percent Dubai Land Department registration fee is payable to the DLD and sits outside the project escrow account. Only purchase installments under the payment plan are paid into the Emirates NBD escrow account.

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. That is precisely why payments belong only in the registered account: money sent elsewhere sits outside the mechanism. With 85.12 percent of construction certified, Vida Residences Dubai Hills Estate is far past the stage where cancellation is a realistic concern, though the safety net remains. The wider framework is explained in the Dubai Land Department guide.

Yes, Vida Residences Dubai Hills Estate is a freehold project, open to all nationalities.

It depends on the unit. The property investment threshold for the 10-year Golden Visa is AED 2 million. One-bedroom apartments at Vida Residences Dubai Hills Estate started from AED 1.6 million (approx USD 436,000), which sits below that threshold, while two-bedroom apartments started from AED 3.0 million (approx USD 817,000) and larger layouts run higher, clearing it. The qualifying options and application timing are covered in the Vida Residences Golden Visa guide.