Golf Greens 2 by DAMAC at DAMAC Hills Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Golf Greens 2, account number 4655*****037 (shown in full in the Escrow Details section above), opened under DLD project number 2780 when the project was registered in November 2023.

DAMAC develops through separate registered entities, and Golf Greens 2 is registered with the Dubai Land Department under DAMAC Crescent Properties, developer number 954. DAMAC and DAMAC Hills are the brand names used in marketing material, so a Dubai REST record showing DAMAC Crescent Properties is the correct entity for this project rather than a discrepancy.

Golf Greens 2 uses a 20/60/20 plan, so the booking payment and every construction installment land in the escrow account first. Abu Dhabi Commercial Bank releases funds to the developer only against construction stages certified by DLD inspections, and the final 20 percent is paid on completion, expected in Q1 2027.

The DLD inspection dated 6 April 2026 certified 28.44 percent completion, up from 15.67 percent at the previous inspection. Enabling and foundation works on the two towers are complete, substructure and superstructure works are at advanced stages, and internal, envelope, finishes and MEP works are at early stages. Inspection by inspection detail is tracked on the Golf Greens 2 construction updates page.

No. The 4 percent Dubai Land Department registration fee is payable in addition to the initial deposit at Golf Greens 2, and it goes to the Land Department rather than into the project escrow account. Only the purchase price installments belong in account 4655*****037 at Abu Dhabi Commercial Bank.

Yes, the protection continues. Funds stay in the escrow account and are released only against certified progress, regardless of the calendar, and a retention portion remains in the account after completion to cover defect repairs. Escrow protects capital while the project completes, but it does not itself compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Golf Greens 2 must go into the DLD-registered escrow account 4655*****037 at Abu Dhabi Commercial Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. Any request to send funds to a personal account, an agent's account, or an alternative company account, especially one paired with a discount for paying directly, is the classic pattern of payment fraud, no matter how official the paperwork looks. Any such request should be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before any funds are sent.

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. This is precisely why paying only into the registered account matters: money sent anywhere else sits outside that protection and outside that process. The wider framework is explained in the Dubai Land Department guide.

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

It depends on the tier. The 10-year Golden Visa requires a property investment of at least AED 2 million, and Golf Greens 2 straddles that line: the podium townhouses start from AED 4.97 million (approx USD 1.35 million) and clear the threshold, while the apartments start from AED 1.10 million (approx USD 300,000) and sit below it on a single unit. The requirements and application timing are covered in the Golf Greens 2 Golden Visa guide.