Address Villas Tierra at The Oasis Escrow Account

Emirates Islamic Bank P.J.S.C. holds the escrow account for Address Villas Tierra at The Oasis, account number 3538*****0316 (shown in full in the Escrow Details section above), opened under DLD project number 3580 when the project was registered in March 2025.

The project is registered with the Dubai Land Department under the name The Oasis - Address Villas - Tierra, project number 3580, with Emaar Development P.J.S.C. recorded as developer number 1211. Searching the marketing name alone may not return the record, so the project number is the reliable route to the correct escrow panel.

The DLD inspection dated 21 July 2026 certified 6.81 percent completion, up from 3.88 percent at the previous inspection. Enabling, foundation and substructure works were progressing at different stages, with superstructure, internal and MEP works at an early point and infrastructure works running alongside them. Inspection by inspection detail is tracked on the Address Villas Tierra construction updates page.

The 10/70/20 structure sends the booking payment and all seven construction installments into the escrow account first. The bank releases funds to Emaar only against construction stages certified by DLD inspections, and four of those installments are themselves tied to certified completion milestones of 20, 30, 60 and 80 percent. The closing 20 percent falls due at 100 percent construction completion, scheduled for June 2029.

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

No. Every off-plan payment for Address Villas Tierra must go into the DLD-registered escrow account 3538*****0316 at Emirates Islamic 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 paired with a discount for paying outside the registered channel, is the standard shape of payment fraud no matter 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. That mechanism reaches only money paid into the registered account; funds sent anywhere else sit outside the protection entirely. The wider framework is explained in the Dubai Land Department guide.

Yes, Address Villas Tierra at The Oasis is a freehold project, open to all nationalities.

Villas at Address Villas Tierra start from AED 13.16 million (approx USD 3.58 million), well above the AED 2 million property investment threshold for the 10-year Golden Visa. The full requirements and application timing are covered in the Address Villas Tierra Golden Visa guide.