Lavita at The Oasis Escrow Account

Abu Dhabi Commercial Bank (ADCB) holds the escrow account for Lavita at The Oasis, account number 2513*****059 (the complete number appears in the Escrow Details section above). The account sits under DLD project number 3266, entered in the Dubai Land Department register as The Oasis - Lavita on 10 September 2024.

Every Lavita instalment is paid into the escrow account first. The bank releases money to Emaar only against construction progress certified through DLD inspections, so funds paid ahead of the site stay in the account. On the launch schedule of record, the final 20 percent falls due on construction completion, estimated for December 2028, ahead of handover in Q1 2029.

The DLD inspection dated 2 June 2026 certified 20.13 percent construction progress at Lavita, 10.13 points above a previous reading of 10 percent whose inspection date the DLD record does not show. Enabling works, foundations, structure, MEP and internal works were progressing at different stages, with the progress status recorded as Main Contract - Progressing. The inspection history is tracked on the Lavita construction updates page.

No. Every off-plan payment for a Lavita mansion goes into the DLD-registered escrow account 2513*****059 at Abu Dhabi Commercial Bank (the full number is in the Escrow Details section above), matching the escrow details in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one offering a discount for paying directly, follows the standard pattern of payment fraud however official the paperwork looks. The safeguard is a comparison: the account in any payment request either matches the escrow record in Dubai REST and the Sales and Purchase Agreement, or no money moves.

No. The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, payable at booking alongside the 20 percent down payment on the launch schedule of record. It is separate from the purchase price and does not form part of the escrow balance: only the instalments of the price itself are paid into the Lavita escrow account.

Oqood is the Dubai Land Department register for off-plan sales. A Lavita purchase is recorded in Oqood against project number 3266, which puts the buyer's interest in a specific mansion on the official record while construction is under way; the title deed follows after completion. The 4% DLD registration fee relates to this registration.

Yes. Money in the Lavita escrow account is still released only against certified progress, whatever the calendar says; the DLD record shows a registered completion date of 31 January 2029, and handover is expected in Q1 2029. Escrow protects capital while the project completes, but it does not itself compensate for delays: those terms sit in the Sales and Purchase Agreement.

Where the Dubai Land Department cancels a registered off-plan project, RERA takes control of the escrow account, and refunds to Lavita buyers would be paid out of the money held there, under DLD supervision. The safety net reaches only funds deposited into the registered account; a transfer made to any other account falls outside it. Registration, escrow and cancellation rules for off-plan projects are set out in the Dubai Land Department guide.

The Dubai REST app shows the registered escrow details. Under Services, then Project Status, a search for project number 3266 or The Oasis - Lavita opens the project record, and its Escrow Account panel lists the bank and the account number. Those details are expected to match the Sales and Purchase Agreement and every payment instruction exactly.

Emaar's recent Dubai handovers under the DLD escrow framework include Bliss (November 2024), June (June 2025), Seagate (September 2025) and Creek Palace (March 2026). These are portfolio deliveries elsewhere in Dubai, not phases of The Oasis, and Lavita itself has not been handed over; its expected handover is Q1 2029. Emaar's own factsheet for Lavita states approximately 108,000 residential units delivered in Dubai and other global markets since 2002.