DAMAC · DAMAC Hills 2 · Escrow Account
The Farmhouses at DAMAC Hills 2 Escrow Account
Thirteen Villas, One Account the Law Watches
The DLD-registered escrow account behind DAMAC's thirteen-villa estate cluster in DAMAC Hills 2, read straight from Dubai Land Department records, so that every installment you release goes to the single account the regulator supervises and nowhere else.
Direct advisor access. Every message answered personally, never by a call center.
Official Account Details
The Farmhouses Escrow Account at a Glance
Thirteen villas is the entire project, which means the sums moving through this account are large and few: a single 20 percent deposit here starts at AED 1.24 million. All of it is legally required to sit inside one project trust account at Abu Dhabi Commercial Bank, supervised by the Dubai Land Department, and none of it belongs in a general company account. Save the number below before you send anything, because when a payment instruction turns out to be fraudulent, this is the line that catches it.
Masked for security. Tap Show to reveal the full number, or Copy to copy it directly. Last checked against Dubai REST after the 14 May 2026 inspection.
Abu Dhabi Commercial Bank (P.J.S.C.)
2543
Active
Front Line Investment Management L.L.C
1021
25 July 2023
19 September 2023
28 August 2025
13 villas (G+1)
No. 10799, Madinat Hind 4
16,727.78 sq. m.
Freehold, all nationalities
Dubai REST records the developer of project 2543 as Front Line Investment Management L.L.C, not as the DAMAC brand name on the brochure. That is normal: DAMAC registers projects through subsidiary entities, and this is the name the escrow account sits under. Knowing it in advance means the mismatch does not panic you at the moment you are about to transfer, and it also means an instruction naming some other entity entirely should stop you cold.
Rule one: no payment ever goes to any account other than 1060*****20040 (tap Show above for the full number), regardless of who requests it or how official the request looks.
Where the Project Stands
Registration and Escrow Status
The Farmhouses was registered with the Dubai Land Department on 25 July 2023 under project number 2543, and the trust account at Abu Dhabi Commercial Bank had to exist before a single villa could be sold. Construction began on 19 September 2023. Everything a buyer has paid since then has passed through a regulated account rather than a corporate one, which is the difference between funding a company and funding a specific plot of registered land.
The RERA inspection dated 14 May 2026 certifies 83.02 percent of works complete, a substantial jump from 58.96 percent at the preceding inspection, with structure and envelope at advanced stages and finishes and external works underway. The registered completion date for the project, 28 August 2025, falls in Q3 2025 and has therefore already passed while the project is still Active and still building. I would rather say that plainly than bury it: delivery is running behind the registered schedule.
Here is why that matters less to your capital than it feels like it should. Escrow releases are keyed to certified progress, not to the calendar, so a slipped date does not let the developer draw money it has not earned on site. Your final tranche is not payable until completion. For an end user, the deposit remains protected while the villa is finished. For an investor, the exposure sits in timing and holding cost, not in the security of the funds already paid, and those are two very different risks that are constantly confused with each other.
Inspection by inspection detail, including the works recorded on site in May 2026, sits on the The Farmhouses construction updates page.
Do It Yourself in 2 Minutes
Verify The Farmhouses Escrow Account Independently
Take nobody's word for this, including mine. The escrow system was built so that the buyer can check it without asking anyone:
Open Dubai REST
In the Dubai REST app, go to Services, then Project Status.
Find the Project
Search project number 2543 or "Damac Hills (2) - Farmhouses".
Match the Details
Open the Escrow Account panel and match the bank and account number against this page and your SPA before every transfer.
I check these details against Dubai REST before publishing and again after each new inspection. If the app ever shows something different from this page, the app is right and I want to hear about it.
Before You Transfer
- Match the account number on your payment instruction to the Escrow Account panel in Dubai REST.
- Match the same number to the escrow details in your Sales and Purchase Agreement.
- Confirm the amount and which installment in your schedule it settles.
- If anything differs, even by one digit, stop and message me before sending.
Your Money, Step by Step
How The Farmhouses Payment Plan Meets the Escrow Account
The plan runs 20 percent on booking, 50 percent across seven installments, and 30 percent on completion, with the 4 percent DLD fee paid on top of the deposit. Read the schedule closely and you will notice something most buyers miss: your installments are counted in months from your sale date, while the bank's releases to the developer are counted in certified construction progress. Two different clocks. Your money can fall due on a date; it can only leave the account against work that a DLD inspector has signed off on.
Booking and SPA: 20%
The deposit enters account 1060*****20040 once your villa is registered under Oqood. The 4 percent DLD registration fee is separate and additional. On a AED 6.22 million villa, that first movement is roughly AED 1.24 million, so verify before you send, not after.
Construction Installments: 50%
Five percent falls due within 3, 6, 9 and 12 months of the sale date, then 10 percent within 15, 18 and 21 months. Each payment lands in escrow and is released to the developer only as DLD certifies further progress, currently 83.02 percent.
Completion: 30%
The largest single tranche is the last one, and it is not payable until the villa is complete. A retention portion also stays inside the escrow account after completion to fund defect repairs.
That withheld 30 percent plus the post-completion retention is the strongest position you will ever hold in this transaction, and it is exactly when a professional handover snagging inspection earns its fee: a documented defect list carries real weight while money is still on your side of the table.
On a thirteen-villa cluster there is nowhere for a weak payment to hide. Every dirham collected since launch has been traceable to one registered account, and 83.02 percent of the value of the works has been verified on site by an independent inspector rather than asserted in an update email. The framework behind that, and what RERA can do when a project stalls, is set out in the Dubai Land Department guide.
Insights
Project Insights for The Farmhouses Buyers
The escrow account answers one question: is the money safe. It does not tell you what the inspectors are actually seeing on site, whether the purchase carries you into ten-year residency, or how you hold the developer to a standard on the day the keys appear. These three guides carry those threads.
The Farmhouses Construction Updates
Every escrow release stands on an inspection. Follow the record, including the 14 May 2026 report certifying 83.02 percent.
The Farmhouses at DAMAC Hills 2 Construction Updates
The Farmhouses Golden Visa Guide
Entry pricing of AED 6.22 million clears the AED 2 million threshold three times over: how that converts into 10-year residency.
The Farmhouses at DAMAC Hills 2 Golden Visa GuideThe Farmhouses Escrow Account
This page: the Abu Dhabi Commercial Bank escrow details, the verification steps, and how each installment stays protected.
The Farmhouses Snagging Inspection
Retention money in escrow is only useful if the defect list is credible. An independent inspection is how you build one.
The Farmhouses at DAMAC Hills 2 Snagging InspectionThe Project
Explore The Farmhouses at DAMAC Hills 2 Project
A protected payment is only half the question. The other half is what the payment buys, and here it buys something unusual for this community: land, in quantity, with a licence to use it for stables, farming and a private cinema. The full guide covers the two typologies, the plots, the pricing and the scarcity case behind them.
The Farmhouses Project Guide
Prices from AED 6.22M (approx USD 1.69M) for the 5 bedroom European Style and AED 11.10M (approx USD 3.02M) for the 6 bedroom North American Style, across all 13 villas: layouts, plot sizes, amenities and the full investment case behind the escrow payments.
View The Farmhouses Project GuideStructure
Explore The DAMAC Hills 2 Structure
This escrow account protects payments into one gated pocket of a very large community. Reading the wider inventory, the master community and the developer behind them is how you judge what your protected money is buying into, and what it will be worth to the next buyer.
DAMAC Hills 2 Properties for Sale
Every cluster and price band in the community, which is the only honest way to see how far outside the average these thirteen villas sit.
DAMAC Hills 2 Properties for Sale
DAMAC Hills 2 Master Community
Water Town, Sports Town, Down Town and the delivered amenities already running around the cluster.
DAMAC Hills 2 Community Guide
DAMAC Developer Profile
The portfolio, the master communities and the delivery record of the developer receiving these escrow releases.
DAMAC Properties Developer ProfileFAQs
The Farmhouses at DAMAC Hills 2 Escrow Account Frequently Asked Questions
Abu Dhabi Commercial Bank (P.J.S.C.) holds the escrow account for The Farmhouses at DAMAC Hills 2, account number 1060*****20040 (shown in full in the Escrow Details section above), opened under DLD project number 2543 when the project was registered in July 2023.
The escrow account and project 2543 are registered to Front Line Investment Management L.L.C, DLD developer number 1021, which is the registered developer entity behind the DAMAC brand name used in marketing material. Both names refer to the same registered project, and the DLD-registered entity is what appears in Dubai REST when the project is verified.
The plan is 20 percent on booking, 50 percent across seven installments due at 3, 6, 9, 12, 15, 18 and 21 months from the sale date, and 30 percent on completion, with a 4 percent DLD fee payable in addition to the deposit. Every one of those payments is made into the escrow account, and the bank releases funds to the developer only against construction progress certified by DLD inspections.
The RERA inspection dated 14 May 2026 certified 83.02 percent completion, up from 58.96 percent at the previous inspection. Structural, internal and external envelope works are at advanced stages, with finishes, external works and infrastructure progressing. Inspection by inspection detail is tracked on the The Farmhouses construction updates page.
Yes. The registered completion date of 28 August 2025 has passed while the project remains Active and under construction, and escrow protection is unaffected by that. Funds continue to sit in the account and continue to be released only against certified progress, so a delay does not allow the developer to draw money for work it has not completed. Escrow protects the capital; it does not itself compensate for a delay, and any compensation terms sit in the Sales and Purchase Agreement.
No. Every off-plan payment for The Farmhouses at DAMAC Hills 2 must go into the DLD-registered escrow account 1060*****20040 at Abu Dhabi Commercial Bank (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 offering a discount for paying directly, is the standard pattern of payment fraud regardless of how 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 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. Money sent to any other account sits outside that protection entirely. With 83.02 percent of construction certified, The Farmhouses is far past the stage where cancellation is a realistic concern, though the safety net exists regardless. The wider framework is explained in the Dubai Land Department guide.
Yes, The Farmhouses at DAMAC Hills 2 is a freehold project, open to all nationalities.
The Farmhouses starts from AED 6.22 million (approx USD 1.69 million) for the 5 bedroom European Style villa and AED 11.10 million (approx USD 3.02 million) for the 6 bedroom North American Style, both well above the AED 2 million property investment threshold for the 10-year Golden Visa. The requirements and application timing are covered in the The Farmhouses Golden Visa guide.
Your Advisor
Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is making sure your money lands where the law protects it. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.
Ask your question, get your answer. No obligation and no follow-up unless you ask for it.