Palmiera 3 at The Oasis Escrow Account

Dubai Islamic Bank (Public Joint Stock Company) holds the escrow account for Palmiera 3 at The Oasis, account number 0015*****123001 (shown in full in the Escrow Details section above), opened under DLD project number 3221 when the project was registered in August 2024.

Palmiera 3 at The Oasis sells on a 10/70/20 structure: 10 percent on booking, seven instalments of 10 percent through construction, and 20 percent at 100 percent construction completion. Every one of those payments is made into the escrow account, and Dubai Islamic Bank releases funds to Emaar only against construction certified by Dubai Land Department inspection.

The DLD inspection dated 9 June 2026 certified 72.62 percent completion, up from 62.2 percent at the previous inspection. Foundation and substructure works are complete, superstructure and internal works including internal finishes are progressing, and external envelope, MEP and infrastructure works are ongoing on site. Month by month detail is tracked on the Palmiera 3 construction updates page.

Palmiera 3 at The Oasis is registered with the Dubai Land Department as 59 villas on plot number 1110 in Me'Aisem Second, under project number 3221. Handover is expected in Q3 2028, and the final 20 percent instalment is scheduled in the developer's payment plan for October 2028, on 100 percent construction completion.

The escrow protection continues regardless of the calendar. Funds remain in the account at Dubai Islamic Bank and are released only against certified construction progress, so a delay does not release money early. Escrow protects the capital while the project is completed, but it does not itself pay compensation for delay; those terms sit in the Sales and Purchase Agreement.

No. Every off-plan payment for Palmiera 3 at The Oasis belongs in the DLD-registered escrow account 0015*****123001 at Dubai 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, a broker account or an alternative company account, particularly one offering a discount for paying outside the escrow account, follows the standard pattern of payment diversion fraud however authentic the paperwork appears. Any such request can be checked against the escrow account registered in Dubai REST and the details in the Sales and Purchase Agreement before funds move.

When the Dubai Land Department cancels a registered project, RERA takes control of the escrow account and buyer refunds are processed from the protected balance under DLD supervision. Money sent anywhere other than the registered account sits outside that protection entirely. With 72.62 percent of construction certified, Palmiera 3 at The Oasis is far past the stage where cancellation is a realistic concern, though the mechanism exists either way. The wider framework is explained in the Dubai Land Department guide.

Yes, Palmiera 3 at The Oasis is a freehold project, open to all nationalities.

Villas at Palmiera 3 at The Oasis start from AED 9.18 million (approx USD 2.50 million), which is above the AED 2 million property investment threshold for the 10-year Golden Visa. The requirements, documents and timing are covered in the Palmiera 3 Golden Visa guide.