Bali at DAMAC Islands Escrow Account

Emirates NBD Bank (P.J.S.C) is the escrow bank for Bali 1, the Bali phase whose DLD record is shown on this page, under account number 0205*****2927 (shown in full in the Escrow Details section above). The account is tied to DLD project 3475, which entered the register as "Damac Islands - Bali 1" on 28 January 2025, and the Bali 1 inspection report dated 12 October 2026 names the same trust bank.

The Dubai Land Department registers the Bali cluster as four separate projects, Bali 1 to Bali 4, and every registered off-plan project has its own escrow account. Each Bali phase is therefore a separate DLD project with its own escrow account. The account on this page is Bali 1's alone: a buyer in Bali 2, Bali 3 or Bali 4 obtains the escrow account from the SPA or Oqood for their home, checks it on Dubai REST against that phase's entry, and does not pay into the Bali 1 account.

Dubai REST lists every registered project, with an Escrow Account panel for each, under Services and then Project Status. Bali 1 appears as project 3475 under the register name "Damac Islands - Bali 1", and its panel shows Emirates NBD Bank (P.J.S.C) with the account number. Bali 2, Bali 3 and Bali 4 have separate entries of their own, located through the phase that appears in the buyer's SPA.

Recorded construction progress decides it, not the date an instalment was paid, and every Bali phase draws only on the progress logged in its own register entry. Bali 1 read 7.01% when inspected on 12 October 2026, compared with 2.79% on 4 May 2026, and its Progress Status was Main Contract - Progressing. Each Bali 1 reading is tracked on the Bali at DAMAC Islands construction updates page.

Yes. Under DAMAC's DAMAC Islands launch payment plan of November 2024, the 20% deposit, the 55% spread across 39 instalments and the 25% due on completion each land in the escrow account belonging to the buyer's own Bali phase. Instalment dates count in months from the sale and are fixed in the SPA, so money arrives on a calendar while releases follow recorded works. After completion, a retention portion is typically held back in escrow for a period to cover defect repairs. The launch sheet does not name the Bali cluster, so the binding schedule for any home is whatever DAMAC confirms for it and its SPA sets down.

The 4% DLD registration fee is a government charge rather than a payment toward the home, so it is settled with the Dubai Land Department at booking, alongside the 20% deposit, and never passes through the escrow account. On a 4 bedroom townhouse at AED 2,200,000 it amounts to AED 88,000 (approx USD 24K), and on a 5 bedroom townhouse at AED 3,100,000 to AED 124,000 (approx USD 34K).

No. Off-plan money for a Bali home is owed to one destination only, the escrow account registered with the DLD for the buyer's phase, as stated in the Sales and Purchase Agreement; the Bali 1 account is 0205*****2927 at Emirates NBD (the full number sits in the Escrow Details section above). Instructions to use a personal account, a broker's account or some other company account, above all when a discount for paying direct is attached, follow the familiar pattern of payment fraud however genuine the paperwork looks. The safeguard is a comparison: the account on any instruction is matched to that phase's Dubai REST entry and to the SPA before a single dirham leaves the buyer's bank.

No. The protection has no expiry date: whatever has been paid stays in the escrow account, and DAMAC can draw it only as each further stage of works is put on record. The DLD record for Bali 1 lists a registered completion date of 31 December 2028, in line with the expected Q4 2028 handover; each phase's contractual completion date is the one in its SPA. Escrow guards the capital during construction but does not itself compensate for delay; any terms covering a later handover are those written into the Sales and Purchase Agreement.

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. With four Bali phases on the register as four projects, this safeguard attaches phase by phase to the project in the buyer's SPA; payments made to any other destination are not covered by it. The cancellation framework is covered in the Dubai Land Department guide.

DAMAC Elite Investment Co. L.L.C, with developer number 2035, is the developer shown on the October 2026 inspection report for Bali 1 (project 3475). Buyers know the cluster through the DAMAC Properties brand, and the contracting party for a particular home is whichever entity its Sales and Purchase Agreement identifies.

The Bali 1 entries run from registration as project 3475 on 28 January 2025 and a construction start on 15 April 2025 to readings of 2.79% on 4 May 2026 and 7.01% on 12 October 2026, all under an Emirates NBD trust account. Beyond Bali, DAMAC's DAMAC Islands brochure reports 47,600+ units delivered and 40,000+ in progress group-wide as of Q3 2024, a measure of company scale rather than a delivery record for any Bali phase.

The account shields only the capital a buyer pays into their own phase's registered escrow account. A handover date is neither fixed nor guaranteed by it, it does not compensate for delay, and changes in market value or resale price are beyond its reach; payments routed anywhere else are unprotected. Nor does it hold the 4% DLD registration fee, since that sum goes straight to the Dubai Land Department.