Bermuda at DAMAC Islands 2 Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Bermuda at DAMAC Islands 2, account number 4031*****3608006, with the unmasked number available in the Escrow Details section above. The account sits under Dubai Land Department project number 4291, and the same bank is named as the trust account bank on the project's independent progress monitoring report.

The Dubai REST app publishes an escrow panel for every registered project. Searching project number 4291, or the register name DAMAC ISLANDS 2 - BERMUDA, returns the bank and account number recorded by the Dubai Land Department, which can then be compared against the payment instruction and against the escrow clause in the Sales and Purchase Agreement before any transfer is made.

Releases follow construction progress recorded by Dubai Land Department inspections rather than the calendar in the payment plan. The inspection dated 10 June 2026 recorded 0.22 percent progress in the DLD register, so almost the entire balance paid to date remains in trust. The month by month inspection record is tracked on the Bermuda at DAMAC Islands 2 construction updates page.

No. The 4 percent Dubai Land Department registration fee is payable in addition to the initial deposit and sits outside the 20, 55 and 25 percent purchase price schedule. The escrow account holds the purchase price instalments set out in that schedule, while the registration fee is a separate government charge raised by the Dubai Land Department.

No. Every off-plan instalment for Bermuda at DAMAC Islands 2 belongs in the DLD-registered escrow account 4031*****3608006 at First Abu Dhabi Bank, with the unmasked number available in the Escrow Details section above, exactly as recorded in the Sales and Purchase Agreement. Instructions pointing money at an individual's account, a brokerage account, or a second company account, especially when a discount is attached to paying outside the register, follow the familiar shape of payment diversion fraud no matter how convincing the documents look. Instructions of that kind warrant a check against the escrow account held on the Dubai REST register, and against the escrow clause in the Sales and Purchase Agreement, before anything is transferred.

The protection is tied to construction progress rather than to the handover date, so a delay does not remove it. Money already paid stays where it is and leaves the account only as Dubai Land Department inspections record further progress, whatever the calendar says. The account safeguards the capital while the project is built; it pays no compensation of its own for a delay, and any remedy for late delivery sits in 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 then processed out of the protected balance under Dubai Land Department supervision. Anything paid into a different account falls outside that balance entirely, which is the practical reason the registered number matters at every single instalment. How the framework operates across the emirate is set out in the Dubai Land Department guide.

Yes. Bermuda at DAMAC Islands 2 is a freehold project, open to all nationalities, so ownership is registered in the buyer's own name with no residency requirement attached to the purchase itself. The layouts, sizes and pricing behind that ownership are set out on the Bermuda at DAMAC Islands 2 project guide.

The property investment threshold for the 10-year UAE Golden Visa is AED 2 million. Pricing at Bermuda at DAMAC Islands 2 starts at AED 2.75 million (approx USD 749,000) for a 4 bedroom townhouse, so even the entry-level unit sits above that threshold. Eligibility conditions and the timing of an application are laid out in the Bermuda at DAMAC Islands 2 Golden Visa guide.