Fiji at DAMAC Islands Escrow Account

Fiji 1, the first Fiji phase on the DLD register, holds its escrow account at Emirates NBD Bank (P.J.S.C), under account number 0205*****2935 (the full number is shown in the Escrow Details section above). The Fiji 1 account is linked to DLD project number 3505, entered on the register as "Damac Islands - Fiji 1" in February 2025, and the Fiji 1 inspection report of May 2026 names Emirates NBD as trust bank.

No. Fiji 1 and Fiji 2 are registered by the Dubai Land Department as two separate projects, so each phase pays into an escrow account of its own, and the one on this page is the Fiji 1 account. A Fiji 2 buyer takes the account number from their own SPA or Oqood, checks it against the Fiji 2 record on Dubai REST, and never sends Fiji 2 payments to the Fiji 1 account.

Money leaves the escrow account only as the DLD records construction progress, not when instalments fall due. Each phase's account is released against that phase's own register entry. For Fiji 1, the inspection of 1 May 2026 recorded 1.74%, up from 0.25% on 25 July 2025, with enabling works progressing. The Fiji 1 readings are logged on the Fiji at DAMAC Islands construction updates page.

DAMAC's November 2024 launch sheet for DAMAC Islands sets a 20% deposit, 55% across 39 instalments and 25% on completion, and every one of those payments is made into the escrow account registered for the buyer's phase. The SPA fixes the instalment dates as months counted from the sale: the calendar decides when a buyer pays, while recorded works decide when DAMAC is paid out. Whichever schedule DAMAC confirms for a given Fiji phase, and the SPA records, is the one that applies.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, together with the 20% deposit, and is not held in escrow. On a 4 bedroom townhouse at AED 2,251,000 the fee is AED 90,040 (approx USD 25K); on a 5 bedroom townhouse at AED 3,070,000 it is AED 122,800 (approx USD 33K).

No. Off-plan payments are made only into the escrow account the DLD has registered for the buyer's phase, as the Sales and Purchase Agreement records it; for Fiji 1 that is account 0205*****2935 at Emirates NBD (the full number appears in the Escrow Details section above). Instructions to pay a personal account, an agent, or a different company account, sometimes sweetened with a discount for paying direct, are the familiar pattern of payment fraud, however official the documents look. Such an instruction is compared with the phase's Dubai REST escrow record and with the SPA before any transfer is made.

Yes. Escrow is not bound to a deadline: what buyers have paid stays in the account and is released only as more works are recorded. The DLD record for Fiji 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. The account protects the capital during construction; it does not pay compensation for delay, and any delay terms come from 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. Fiji 1 and Fiji 2 are each registered projects, so the protection attaches to whichever phase the SPA names; money sent to an account other than that phase's registered escrow account is not covered. The framework is described in the Dubai Land Department guide.

The registered developer of Fiji 1 (project 3505) is DAMAC Elite Investment Co. L.L.C, developer number 2035, according to both the DLD record and the Fiji 1 inspection report of May 2026; the project is sold under the DAMAC Properties brand. Which company sells a particular townhouse is stated in that home's Sales and Purchase Agreement.

In the Dubai REST app, the Project Status service lists each registered project with an Escrow Account panel. Fiji 1 appears as "Damac Islands - Fiji 1" under project number 3505, and its panel shows the bank and account number to compare with the SPA. A Fiji 2 buyer looks up the phase named in their own SPA and compares that record instead.

For Fiji 1, the register shows registration as project 3505 on 5 February 2025, a construction start on 21 April 2025, a reading of 0.25% on 25 July 2025 and 1.74% on 1 May 2026, and its trust bank is Emirates NBD. DAMAC's DAMAC Islands brochure gives company-wide totals of 47,600+ units delivered and 40,000+ in progress as of Q3 2024, which describe the company rather than the Fiji cluster.

The escrow account safeguards the capital a buyer pays into their phase's registered account. Handover timing, compensation for delay, movements in market or resale value, and any money paid to another account are all outside what it covers. So is the 4% DLD registration fee, which is paid to the Dubai Land Department rather than into escrow.