Mareva 2 at The Oasis Escrow Account

The Mareva 2 at The Oasis escrow account is held at Emirates Islamic Bank P.J.S.C. under account number 3538*****0324 (the Escrow Details section above reveals the full number). The account is recorded against DLD project number 4270, which the Dubai Land Department registered on 8 December 2025 with Emaar Development P.J.S.C. as developer.

Every buyer instalment under the 80/20 plan is paid into the project escrow account: the 10 percent down payment on booking, seven instalments of 10 percent during construction, and the final 20 percent on completion, which Emaar estimates for February 2030. Four construction instalments are dated (February 2026, August 2026, February 2027 and August 2027) and three fall due at 40, 60 and 80 percent construction completion. The milestone dates are Emaar's estimates, and the schedule that applies to each buyer is the one in that buyer's Sales and Purchase Agreement.

Emirates Islamic Bank pays escrow funds out to Emaar only once DLD inspections certify construction progress, not according to the buyer payment calendar. The latest inspection, dated 6 July 2026, recorded 1.32 percent progress in the DLD register at the enabling works stage. The full inspection record is tracked on the Mareva 2 at The Oasis construction updates page.

The 4% DLD registration fee is a Dubai Land Department charge for registering the purchase, due on booking alongside the 10 percent down payment under Emaar's published plan. It is calculated on the villa price but sits on top of it, so it is not one of the instalments that make up the 80/20 plan. On the entry 4 bedroom villa at AED 13.83M (approx USD 3.77M), the fee comes to about AED 553,000 (approx USD 151,000).

Oqood is the Dubai Land Department's interim register for off-plan property. Once a Mareva 2 purchase is registered in Oqood, the villa is recorded in the buyer's name under project number 4270, the same project to which the Emirates Islamic Bank escrow account is tied. The Oqood record stands until completion, when the villa is handed over and a title deed is issued in its place.

Yes, the protection continues. Funds already paid stay in the escrow account and are released only against certified progress, whatever the calendar says. The registered completion date in the DLD register is 28 February 2030, with handover expected in Q1 2030. Escrow protects capital while the project completes, but it does not itself compensate for a delay; delay terms sit in the Sales and Purchase Agreement.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then paid from the protected balance under Dubai Land Department supervision. That protection covers money paid into the registered account for project 4270; money sent to any other account falls outside it. The wider off-plan framework is covered in the Dubai Land Department guide.

No. Every off-plan payment for Mareva 2 goes into the DLD-registered escrow account 3538*****0324 at Emirates Islamic Bank (every digit is revealed in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a private individual's account, a broker's account or any other company account, particularly one offering a discount for paying outside escrow, matches the standard pattern of payment fraud however official it looks, and such a request is tested against the Dubai REST escrow record and the SPA before money moves.

In the Dubai REST app, the Project Status service lists project 4270 under the name Mareva 2 The Oasis, and its Escrow Account panel shows the bank, Emirates Islamic Bank P.J.S.C., together with the escrow number. Matching that panel against the escrow section of the Sales and Purchase Agreement confirms the account without relying on any email, invoice or third party.

Escrow protects capital paid into the registered account for project 4270; it is not a guarantee of returns. It does not compensate for handover delays, which are governed by the Sales and Purchase Agreement, it does not cover money paid to any account other than the registered one, and it does not protect resale value, rental income or exit timing.

No phase of The Oasis has a dated handover on record yet, so the relevant evidence is Emaar's recent deliveries elsewhere in Dubai: Bliss (November 2024), June (June 2025), Seagate (September 2025) and Creek Palace (March 2026), all completed within the same DLD escrow framework that governs Mareva 2. Emaar reported 2024 revenue of AED 35.5 billion (approx USD 9.67 billion).