Harbour Lights Escrow Account

Dubai Islamic Bank (P.J.S.C.) holds the escrow account for Harbour Lights, account number 0015*****410601 (shown in full in the Escrow Details section above), opened under DLD project number 2516 when the project was registered in December 2022.

DAMAC J W F Investment L.L.C is the entity registered with the Dubai Land Department for Harbour Lights, under developer number 1475, while DAMAC Properties is the brand the tower is marketed under. Both refer to the same development. Dubai REST displays the registered entity rather than the brand, so the difference is normal and not a warning sign. What matters is that the escrow account number on any payment instruction matches the account registered against project 2516.

Harbour Lights sells on a 20/50/30 plan, with the 4 percent DLD registration fee payable alongside the booking amount. The booking payment and every construction installment are paid into the escrow account rather than to the developer, and Dubai Islamic Bank releases funds only against construction stages certified by DLD inspections. The final 30 percent falls due on completion, expected in Q2 2027.

The RERA inspection dated 9 July 2026 certified 64.31 percent completion, up from 52.9 percent at the previous inspection. Enabling, foundation and substructure works are complete, superstructure and internal works are at advanced stages, and external envelope, MEP and finishing works are progressing across the tower. Month by month detail is tracked on the Harbour Lights construction updates page.

Releases follow certified progress rather than the developer's own reporting. An engineer appointed under the RERA framework inspects the site and issues an independent progress report, such as the one dated 9 July 2026 recording 64.31 percent, and Dubai Islamic Bank releases funds from the escrow account against those certified stages. A portion of the project value is also retained in the account for a defined period after completion.

Yes, the protection continues. Funds stay in the escrow account and are released only against certified progress, regardless of the calendar, so a slipped date does not change who controls the money or on what basis it moves. Escrow protects capital while the project completes; it does not itself compensate for delay, and those terms sit in the Sales and Purchase Agreement. A retention portion also remains in escrow after completion to cover defects found at handover.

No. Every off-plan payment for Harbour Lights must go into the DLD-registered escrow account 0015*****410601 at Dubai Islamic Bank (the full number sits in the Escrow Details section above), exactly as recorded in the Sales and Purchase Agreement. A request to send funds to a personal account, an agent's account, or a different company account, especially one paired with a discount for paying outside the escrow route, is the standard shape of payment-diversion fraud no matter how official the paperwork appears. 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. That protection only reaches money that actually arrived in the registered account; funds sent anywhere else sit outside it. With 64.31 percent of construction certified and the superstructure complete, cancellation is not a realistic scenario for Harbour Lights, but the mechanism exists regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, Harbour Lights is a freehold project, open to all nationalities. Dubai Maritime City is a designated freehold area, so ownership is registered in full with the Dubai Land Department.

The 10-year UAE Golden Visa requires a qualifying property investment of at least AED 2 million (approx USD 545,000). Harbour Lights apartments start from AED 1.50 million (approx USD 408,000), so entry level one bedroom units sit below the threshold on their own, while the larger layouts clear it. Which tiers qualify and how the application is timed are covered in the Harbour Lights Golden Visa guide.