Violet 4 at DAMAC Hills 2 Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Violet 4, account number 0015*****727601 (shown in full in the Escrow Details section above), opened under DLD project number 3288 when the project was registered in November 2024.

Violet 4 is marketed under the DAMAC Properties brand, while the entity registered against DLD project number 3288 is Front Line Investment Management L.L.C, developer number 1021. Both names refer to the same development, and DAMAC registers projects through separate development companies. A Dubai REST record showing the registered entity rather than the brand name is therefore expected rather than a warning sign.

The DLD inspection dated 13 May 2026 certified 14.17 percent completion, up from 0.96 percent at the previous inspection. The RERA report from that date records enabling and foundation works progressing across the site, with substructure, superstructure and MEP works at early stages and infrastructure works under way. Monthly detail is tracked on the Violet 4 construction updates page.

The regular plan quoted at Violet 4 is a 70/30 construction linked structure: 20 percent on booking with the 4 percent DLD registration fee payable on top, 50 percent through construction across monthly instalments including 3 percent at 80 percent and 3 percent at 90 percent of townhouse completion, and 30 percent on completion. Every one of those payments is made into the project escrow account, and the bank releases funds to the developer only against construction stages certified by DLD inspections.

No. Every off-plan payment for Violet 4 must go into the DLD-registered escrow account 0015*****727601 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 exactly why paying only into the registered account matters: money sent anywhere else sits outside that protection and outside that refund mechanism. The wider framework is explained in the Dubai Land Department guide.

Yes, the protection continues. Funds stay in the escrow account and continue to be released only against certified progress, regardless of the calendar. Escrow protects buyer capital while the project completes, though it does not itself compensate for delays; those terms sit in the Sales and Purchase Agreement.

Yes. All 352 four bedroom townhouses at Violet 4, in both the TH12-4M and TH12-4E prototypes, sit under the same DLD project number 3288 and the same escrow account at Dubai Islamic Bank. The account is registered per project rather than per unit, so the prototype, plot or row position of a townhouse does not change where its instalments are paid.

The escrow account was opened as a condition of DLD registration, which was completed on 4 November 2024. Construction started on 9 December 2024, after registration. Under Dubai regulations a developer cannot collect off-plan payments before the project is registered and its trust account is in place, so buyer funds at Violet 4 have been under Dubai Land Department supervision from the first instalment onward.

Yes, Violet 4 at DAMAC Hills 2 is a freehold project, open to all nationalities.

It depends on the contracted price of the specific townhouse. The property investment threshold for the 10-year Golden Visa is AED 2 million, and Violet 4 opens at AED 1.96 million (approx USD 534,000), which sits just below that line, so entry level townhouses do not qualify on their own while units contracted at or above the threshold do. Prototype, plot size and position all move the final figure. The full requirements and application timing are covered in the Violet 4 Golden Visa guide.