Mirage at The Oasis Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Mirage at The Oasis, account number 4031*****3950004 (shown in full in the Escrow Details section above), opened under DLD project number 3025 when the project was registered in April 2024.

The registered developer is Emaar Properties P.J.S.C., listed under DLD developer number 555. The project itself appears in Dubai REST as The Oasis - Mirage under project number 3025, so a search using the marketing name alone may not return the record.

Mirage at The Oasis sells on a 90/10 plan, with nine instalments of 10 percent. Every instalment lands in the escrow account first, and the bank releases funds to the developer only against construction stages certified by RERA inspections. Six of the nine instalments are themselves tied to certified completion at 20, 30, 50, 70, 90 and 100 percent, with the final instalment scheduled for June 2028.

The RERA independent progress monitoring report dated 29 June 2026 certified 46.94 percent completion, up from 30.53 percent at the previous inspection. Enabling, foundation, structure, internal works, external envelope, MEP, internal finishes, external works and infrastructure were all recorded as progressing. Inspection-level detail is tracked on the Mirage construction updates page.

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 your capital while the project completes, though it does not itself compensate for delays; those terms sit in your Sales and Purchase Agreement.

No. Every off-plan payment for Mirage at The Oasis must go into the DLD-registered escrow account 4031*****3950004 at First Abu Dhabi 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 precisely 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.

Mirage at The Oasis is registered with 204 units, made up of 123 five-bedroom villas and 81 six-bedroom villas. The RERA project description records 49 villas at basement plus ground plus one level and 155 villas at basement plus ground plus two levels, on plot number 735 in Me'Aisem Second.

Yes, Mirage at The Oasis is a freehold project, open to all nationalities.

Mirage at The Oasis villas start from AED 15.8 million (approx USD 4.30 million), which is 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 Mirage Golden Visa guide.