Maui at DAMAC Islands 2 Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Maui at DAMAC Islands 2, account number 4031*****3608008 (shown in full in the Escrow Details section above), under DLD project number 4296. The project was registered with the Dubai Land Department on 29 December 2025 and the registered developer is DAMAC Prime Development L.L.C, developer number 2464.

The plan is 20 percent on deposit, 55 percent across 47 construction instalments and 25 percent on completion, with the 4 percent Dubai Land Department fee paid in addition to the initial deposit. Every one of those payments enters the escrow account first, and the bank releases funds to the developer only against construction progress recorded through Dubai Land Department inspections. The final 25 percent falls due at handover, expected in June 2030. Layouts, sizes and pricing behind the plan are set out on the Maui at DAMAC Islands 2 project guide.

The Dubai Land Department register records progress of 0.18 percent for the project, against 0 percent at the previous inspection. The RERA inspection dated 10 June 2026 records the progress status as Enabling Works - Progressing, with mobilisation under way and grading at an early stage, and registered completion on the DLD record is 30 June 2030. Inspection by inspection detail is tracked on the Maui construction updates page.

The protection continues regardless of the calendar. Funds remain in the escrow account and are released only against recorded construction progress, so a slipped date does not move money out of supervision. Escrow protects capital while the project completes; it does not itself compensate for delay, and any compensation or extension terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Maui at DAMAC Islands 2 must go into the DLD-registered escrow account 4031*****3608008 at First Abu Dhabi Bank P.J.S.C. (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 an alternative company account, particularly one paired with a discount for paying directly, is the standard pattern of payment fraud however 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 Dubai Land Department supervision. This is the reason paying only into the registered account matters: money sent anywhere else sits outside that protection entirely and cannot be recovered through the escrow mechanism. The wider framework is explained in the Dubai Land Department guide.

Yes, Maui at DAMAC Islands 2 is a freehold project, open to all nationalities. The Dubai Land Department register records 434 units on plot 21374 in Al Yelayiss 1.

Maui at DAMAC Islands 2 starts from AED 2.75 million (approx USD 749,000), which is above the AED 2 million property investment threshold for the 10-year Golden Visa, and every released tier opens above that threshold. The full requirements and application timing are covered in the Maui Golden Visa guide.