Park Greens 2 by DAMAC at DAMAC Hills 2 Escrow Account

Abu Dhabi Commercial Bank holds the escrow account for Park Greens 2, account number 1060*****20042 (shown in full in the Escrow Details section above), opened under DLD project number 3002 when the project was registered in May 2024.

Front Line Investment Management L.L.C is the development entity registered with the Dubai Land Department for Park Greens 2, under developer number 1021, while DAMAC is the brand the project is marketed under. Dubai REST records, RERA inspection reports and the Sales and Purchase Agreement all use the registered entity name. A mismatch between the marketing name and the registered name is normal in Dubai and is not itself a warning sign; what matters is that the entity, the project number and the escrow account number on a payment instruction match the DLD record.

The 20/50/30 structure means the 20 percent deposit and the construction installments that follow are all paid into the escrow account first. The bank releases funds to the developer only against construction progress certified by RERA inspection, and the final 30 percent falls due on completion, expected in Q1 2027.

No. The 4 percent Dubai Land Department registration fee is payable in addition to the initial deposit and goes to the Dubai Land Department, not into the project escrow account. It covers registration of the property in the buyer's name and sits outside the escrow framework entirely.

The RERA inspection dated 19 June 2026 certified 30.81 percent completion, up from 18.09 percent at the previous inspection. Foundation and structure works were recorded at advanced stages, with superstructure and MEP works progressing at different stages, internal and external works at early stages, and infrastructure underway. Inspection-by-inspection detail is tracked on the Park Greens 2 construction updates page.

The protection continues. Funds remain in the escrow account and are released only against certified progress, regardless of the calendar. Escrow protects the capital while the project is completed, but it does not itself compensate for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Park Greens 2 must go into the DLD-registered escrow account 1060*****20042 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 the refund mechanism. The wider framework is explained in the Dubai Land Department guide.

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

Park Greens 2 twin villas start from AED 2.90 million (approx USD 790,000), which is above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Park Greens 2 Golden Visa guide.