Vida Residences Hillside at Dubai Hills Estate Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Vida Residences Hillside, account number 3537*****0013 (shown in full in the Escrow Details section above), opened under DLD project number 3534 when the project was registered in February 2025.

The Dubai Land Department register records Dubai Hills Estate L.L.C, developer number 984, as the developer of Vida Residences Hillside. This is the Emaar entity that holds the Dubai Hills Estate development, which is why the marketing carries the Emaar and Vida names while the DLD record and Dubai REST show Dubai Hills Estate L.L.C against project 3534.

The plan is 10 percent on booking, 70 percent across seven construction instalments and 20 percent at completion, and every one of those payments lands in the escrow account first. The bank releases funds to the developer only against construction stages certified by DLD inspections, and the closing 20 percent falls due at 100 percent certified construction, scheduled for May 2029. The 4 percent DLD registration fee is paid separately and does not form part of the escrow balance.

The DLD inspection dated 4 May 2026 certified 10 percent completion, up from 5.01 percent at the previous inspection. Enabling, piling, foundation and structure works were recorded as in progress across the two towers and the shared podium. Inspection by inspection detail is tracked on the Vida Residences Hillside construction updates page.

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

No. Every off-plan payment for Vida Residences Hillside must go into the DLD-registered escrow account 3537*****0013 at Emirates Islamic 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, particularly one paired with a discount for paying directly, is the classic pattern of payment fraud however 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 precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection and outside any refund process. The wider framework is explained in the Dubai Land Department guide.

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

It depends on the tier. One bedroom apartments started from AED 1.82 million (approx USD 496,000), which sits below the AED 2 million property investment threshold for the 10-year Golden Visa. Two bedroom apartments started from AED 2.71 million (approx USD 738,000), three bedroom apartments from AED 3.88 million (approx USD 1,057,000) and three bedroom townhouses from AED 6.64 million (approx USD 1,808,000), all above the threshold. The full requirements and application timing are covered in the Vida Residences Hillside Golden Visa guide.