Violet at DAMAC Hills 2 Escrow Account

Emirates NBD Bank (P.J.S.C.) holds the escrow account for Violet, account number 0205*****3314 (shown in full in the Escrow Details section above), opened under DLD project number 2734 when the project was registered in August 2023.

The developer registered against project 2734 is Front Line Investment Management L.L.C, DLD developer number 1021, which is the DAMAC group entity that holds the project. A buyer checking Dubai REST will therefore see a company name that does not match the marketing material, and this is a registration detail rather than a discrepancy. The escrow bank and account number shown in that same record are the details that matter for a payment.

Violet's 60/40 launch plan puts 20 percent down at sale, 40 percent across construction milestones, and 40 percent on completion, and all of it is paid into the escrow account rather than to the developer. The bank releases funds to the developer only against construction stages certified by DLD inspections, and two of the plan's milestones are tied to the 80 and 90 percent completion marks.

The DLD inspection dated 14 April 2026 certified 85.44 percent completion, up from 70.23 percent at the previous inspection. Structural and internal works are substantially complete, with envelope, MEP, finishes and infrastructure works at advanced stages. Inspection by inspection detail is tracked on the Violet construction updates page.

Yes, the protection does not expire with the calendar. Funds remain in the escrow account and continue to be released only against certified progress, whatever the anticipated completion date says. Escrow protects the capital while the project is finished, but it does not itself pay compensation for a delay, and those terms sit in the Sales and Purchase Agreement. The retention held in escrow after completion, and how it is used against defects found at delivery, is covered in the Violet snagging inspection guide.

No. Every off-plan payment for Violet belongs in the DLD-registered escrow account 0205*****3314 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 outside the normal channel, is the standard shape of payment fraud regardless of how convincing 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 move.

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 the registered account is the only safe destination: money sent anywhere else sits outside that protection entirely. With 85.44 percent of construction already certified, Violet is far past the stage where cancellation is a realistic concern, though the mechanism exists regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, Violet at DAMAC Hills 2 is a freehold project, open to all nationalities.

Not at the entry price. Violet townhouses start from AED 1.87 million (approx USD 509,000), which sits below the AED 2 million property investment threshold for the 10-year Golden Visa, so the cheapest units in the cluster fall short of it. Larger units priced at or above AED 2 million do meet the property value threshold. The full requirements and the qualifying options are covered in the Violet Golden Visa guide.