Palace Villas Ostra Escrow Account

First Abu Dhabi Bank P.J.S.C. holds the escrow account for Palace Villas Ostra, account number 4031*****7653051 (shown in full in the Escrow Details section above), opened under DLD project number 3581 when the project was registered in March 2025.

The Dubai Land Department records the project under its registered name, The Oasis - Palace Villas - Ostra, and under the registered developer Emaar Development P.J.S.C., developer number 1211. Palace is the Emaar hospitality brand applied to the villas, not a separate developer or a separate legal entity. Searching Dubai REST by project number 3581 avoids the naming mismatch entirely.

The construction-linked 80/20 plan means the booking deposit and all eight construction instalments land in the escrow account first. The bank releases funds to Emaar only against construction stages certified by RERA inspections, and the final 20 percent falls due at 100 percent construction completion in September 2029, with handover expected in Q3 2029. The 4 percent DLD registration fee is a separate government charge and does not pass through the escrow account.

The RERA inspection dated 20 July 2026 certified 6.54 percent completion, up from 3.11 percent at the previous inspection. Enabling works, foundations, substructure and superstructure were progressing at different stages across the site, with infrastructure works underway alongside them. Inspection-by-inspection detail is tracked on the Palace Villas Ostra construction updates page.

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

No. Every off-plan payment for Palace Villas Ostra must go into the DLD-registered escrow account 4031*****7653051 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 process. The wider framework is explained in the Dubai Land Department guide.

Yes, Palace Villas Ostra is a freehold project, open to all nationalities.

Palace Villas Ostra villas start from AED 13.13 million (approx USD 3.58 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 Palace Villas Ostra Golden Visa guide.