Golf Gate at DAMAC Hills Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Golf Gate, account number 4655*****021 (shown in full in the Escrow Details section above), opened under DLD project number 2358 when the project was registered on 11 February 2022. The same bank is recorded as the trust account bank on the project's RERA inspection reports.

The published plan is 15 percent on deposit, eleven installments of 5 percent falling between 3 and 33 months from the date of sale, and 30 percent on completion, with a 4% DLD registration fee additional to the price. Each of those payments entered the escrow account first, and the bank released funds to DAMAC only against construction certified by inspection. Pricing and layouts for remaining units are set out in the Golf Gate project guide.

The project is complete. The RERA inspection dated 12 February 2025 certified 100 percent progress, up from 90.28 percent at the previous reading, and recorded the progress status as Completed. The Building Completion Certificate was issued by the Dubai Development Authority on 23 September 2024 and the DLD register carries a completion date of 15 December 2024. The full inspection history is tracked on the Golf Gate construction updates page.

It does, for two reasons. A retention amount remains in the escrow account after completion to cover defects identified at handover, and any balance still owed on a unit is payable into the registered account rather than to any other party. Completed projects also attract payment-diversion attempts aimed at final settlements, which is why the registered account number stays the reference point for every transfer.

No. Payments for Golf Gate belong in the DLD-registered escrow account 4655*****021 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 route funds to a personal account, an agent's account or an alternative company account, particularly one offering a discount for paying that way, follows the standard pattern of payment fraud however convincing the paperwork appears. Any such request should be checked against the escrow account registered in Dubai REST and against the contract before funds are sent.

The escrow retention held after completion exists for that situation: it keeps a portion of the project funds under supervision while defects are rectified. Escrow protects capital and does not itself pay compensation, and the remedies and timelines for defects and delay sit in the Sales and Purchase Agreement. The February 2025 inspection recorded snagging works ongoing at Golf Gate, and the defect inspection process is covered in the Golf Gate snagging inspection guide.

When 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 departmental supervision. Money sent to any account outside that registration sits beyond the protection entirely. Golf Gate is recorded as Finished on the DLD register with construction certified at 100 percent, so cancellation is not a live scenario here, though the mechanism exists for every registered project. The framework is explained in the Dubai Land Department guide.

Yes. Golf Gate at DAMAC Hills is freehold, open to all nationalities, with title registered at the Dubai Land Department in the buyer's name.

The property route to the 10 year Golden Visa requires an investment of at least AED 2 million (approx USD 545,000). Golf Gate entry pricing starts at AED 900,000 (approx USD 245,000) for a one bedroom apartment and AED 1.55M (approx USD 422,000) for a two bedroom, so a single apartment at those levels sits below the threshold. How the threshold is assessed and which combinations qualify is covered in the Golf Gate Golden Visa guide.