Camelia at Damac Hills 2 Escrow Account

Abu Dhabi Commercial Bank holds the project trust account for Camelia at DAMAC Hills 2, account number 1060*****20037 (shown in full in the Escrow Details section above), opened under DLD project number 2548 when the project was registered in February 2023.

Camelia was sold on a 20/50/30 construction linked plan, with the 4 percent Dubai Land Department registration fee payable on top of the booking deposit. The 20 percent deposit and the 50 percent of instalments during construction were paid into the escrow account, and the bank released those funds to the developer only against certified construction progress. The closing 30 percent fell due on completion.

The RERA independent progress monitoring report dated 30 October 2025 records current progress at 100 percent, against a previous reading of 94.48 percent, and marks the progress status Completed. The Building Completion Certificate was issued by the Dubai Development Authority on 4 March 2025, and the inspection record notes that electricity, gas and water meters are connected. Report by report, the certification history is set out on the Camelia construction updates page.

No. Payments toward a Camelia at DAMAC Hills 2 unit belong in the DLD-registered escrow account 1060*****20037 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Instructions pointing funds at a personal account, an agent's account or a second company account follow the established shape of payment diversion fraud, and a discount offered for paying outside the trust account is the clearest single warning sign of it. The safe response is the same every time: confirm the destination against the escrow account registered in Dubai REST and against the Sales and Purchase Agreement before releasing anything.

The account remains a DLD-registered escrow account under Dubai Land Department supervision until its closure conditions are satisfied, rather than closing on the day a project is certified. A retention portion is held back in it after completion to cover defect rectification, and the account stays the registered destination for any balance still payable on a unit. While a project is registered, RERA takes control of the escrow account if that project is cancelled, which is why the registered account, and not a developer or agent account, is the only correct destination at every stage.

It depends on who is selling. A purchase of remaining developer stock at Camelia is still routed through the project's registered escrow account at Abu Dhabi Commercial Bank. A resale purchased from an individual owner is a completed property transaction between two private parties, settled through the Dubai Land Department transfer process with a registration trustee rather than through the project escrow account. Confirming which of the two applies before any funds move is the practical difference for a buyer at this stage.

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

The property route to the 10 year UAE Golden Visa requires real estate worth at least AED 2 million. Three bedroom townhouses at Camelia at DAMAC Hills 2 start from AED 1.70M (approx USD 463,000), which sits below that threshold, so an entry level purchase here does not meet it on its own. The threshold, the documentation and how eligibility is assessed are covered in the Camelia Golden Visa guide.