The Farmhouses at DAMAC Hills 2 Escrow Account

Abu Dhabi Commercial Bank (P.J.S.C.) holds the escrow account for The Farmhouses at DAMAC Hills 2, account number 1060*****20040 (shown in full in the Escrow Details section above), opened under DLD project number 2543 when the project was registered in July 2023.

The escrow account and project 2543 are registered to Front Line Investment Management L.L.C, DLD developer number 1021, which is the registered developer entity behind the DAMAC brand name used in marketing material. Both names refer to the same registered project, and the DLD-registered entity is what appears in Dubai REST when the project is verified.

The plan is 20 percent on booking, 50 percent across seven installments due at 3, 6, 9, 12, 15, 18 and 21 months from the sale date, and 30 percent on completion, with a 4 percent DLD fee payable in addition to the deposit. Every one of those payments is made into the escrow account, and the bank releases funds to the developer only against construction progress certified by DLD inspections.

The RERA inspection dated 14 May 2026 certified 83.02 percent completion, up from 58.96 percent at the previous inspection. Structural, internal and external envelope works are at advanced stages, with finishes, external works and infrastructure progressing. Inspection by inspection detail is tracked on the The Farmhouses construction updates page.

Yes. The registered completion date of 28 August 2025 has passed while the project remains Active and under construction, and escrow protection is unaffected by that. Funds continue to sit in the account and continue to be released only against certified progress, so a delay does not allow the developer to draw money for work it has not completed. Escrow protects the capital; it does not itself compensate for a delay, and any compensation terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for The Farmhouses at DAMAC Hills 2 must go into the DLD-registered escrow account 1060*****20040 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 send funds to a personal account, an agent's account or an alternative company account, particularly one offering a discount for paying directly, is the standard pattern of payment fraud regardless of 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. Money sent to any other account sits outside that protection entirely. With 83.02 percent of construction certified, The Farmhouses is far past the stage where cancellation is a realistic concern, though the safety net exists regardless. The wider framework is explained in the Dubai Land Department guide.

Yes, The Farmhouses at DAMAC Hills 2 is a freehold project, open to all nationalities.

The Farmhouses starts from AED 6.22 million (approx USD 1.69 million) for the 5 bedroom European Style villa and AED 11.10 million (approx USD 3.02 million) for the 6 bedroom North American Style, both well above the AED 2 million property investment threshold for the 10-year Golden Visa. The requirements and application timing are covered in the The Farmhouses Golden Visa guide.