Violet 2 at DAMAC Hills 2 Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Violet 2, account number 0015*****161901 (shown in full in the Escrow Details section above), opened under DLD project number 3199 when the project was registered in October 2024.

Violet 2 is registered with the Dubai Land Department to Front Line Investment Management L.L.C under developer number 1021, while the project is marketed under the DAMAC Properties brand. Developers commonly register individual projects to separate legal entities, so the registered name and the marketing name differ. Dubai REST shows the registered entity for project 3199, and that name should match the beneficiary details in the Sales and Purchase Agreement.

The current 70/30 plan places 20 percent on booking, 50 percent across construction linked installments, and 30 percent on completion. Each of those payments enters the escrow account first. Dubai Islamic Bank releases funds to the developer only against construction stages certified by RERA inspections, and the closing 30 percent falls due at handover, expected in Q1 2027.

No. The 4 percent Dubai Land Department registration fee sits outside the escrow account entirely. It is a government registration charge payable to the Dubai Land Department, not a construction payment, so it never appears in the escrow ledger for Violet 2. On the current 70/30 terms the fee is payable by the buyer alongside the booking payment.

The RERA inspection dated 10 April 2026 certified 45.08 percent completion, up from 16.77 percent at the previous inspection. Inspection notes record foundation and structure works at advanced stages, with internal, MEP, external envelope and finishes works progressing at different stages, alongside infrastructure works on site. Inspection by inspection detail is tracked on the Violet 2 construction updates page.

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

No. Every off-plan payment for Violet 2 must go into the DLD-registered escrow account 0015*****161901 at Dubai Islamic 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: funds sent anywhere else sit outside that protection and outside that process. The wider framework is explained in the Dubai Land Department guide.

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

It depends on the price of the individual townhouse. The property investment threshold for the 10-year Golden Visa is AED 2 million, and Violet 2 entry pricing starts at AED 1.87 million (approx USD 509,000), which sits below that line. Because prices across the cluster are driven largely by plot size and row position, some townhouses are priced at or above the threshold while entry units are not. The qualifying options and application requirements are covered in the Violet 2 Golden Visa guide.