Violet 3 Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Violet 3, account number 0015*****719301 (shown in full in the Escrow Details section above), opened under DLD project number 3222 when the project was registered in October 2024.

The developer registered against Violet 3 at the Dubai Land Department is Front Line Investment Management L.L.C, developer number 1021. That is the licensed entity through which DAMAC develops this project, and it is the name that appears on the DLD record and the RERA inspection reports. A different registered name in official records is expected; an unfamiliar name appearing on a payment instruction is not, and the account number registered in Dubai REST is the reference that settles it.

Violet 3 uses a 70/30 construction-linked plan: 20 percent on booking, 50 percent across monthly instalments from the sale date with additional steps at 80 percent and 90 percent completion, and 30 percent on completion. Every one 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 final 30 percent falls due at handover, expected in Q2 2027.

The RERA inspection dated 16 May 2026 certified 36.2 percent completion, up from 10.83 percent at the previous inspection. Enabling, foundation and substructure works were recorded at advanced stages, superstructure and internal works were progressing at varying stages, and envelope, mechanical and electrical, and finishes works were at early stages, with infrastructure works underway. Inspection by inspection detail is tracked on the Violet 3 construction updates page.

No. The 4 percent Dubai Land Department registration fee is a government fee paid to register the unit in the buyer's name, and it sits outside the escrow account entirely. It is not part of the escrow balance and is not released to the developer against construction progress. Where a launch offer covers or waives that fee, the effect is on the amount payable to the DLD, not on the escrow instalments.

No. Every off-plan payment for Violet 3 must go into the DLD-registered escrow account 0015*****719301 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.

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

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 mechanism is the reason paying only into the registered account matters: funds sent anywhere else sit outside the protection entirely and are not part of any refund process. The wider framework is explained in the Dubai Land Department guide.

Yes, Violet 3 at DAMAC Hills 2 is a freehold project, open to all nationalities.

It depends on the unit. The property investment threshold for the 10-year Golden Visa is AED 2 million (approx USD 545,000). Violet 3 pricing straddles that line: entry pricing on the TH12-4M prototype starts from AED 1.911 million (approx USD 520,000), which sits below the threshold, while TH12-4E pricing starts from AED 2.22 million (approx USD 604,000), which clears it. Eligibility therefore turns on the price of the specific townhouse purchased rather than on the project as a whole. The requirements and application timing are covered in the Violet 3 Golden Visa guide.