Palmiera at The Oasis Escrow Account

Emirates NBD Bank (P.J.S.C) holds the Palmiera at The Oasis escrow account, number 0201*****1430 (shown in full in the Escrow Details section above). The account is registered to DLD project number 2732, recorded as "The Oasis - Palmiera", which the Dubai Land Department registered on 28 July 2023.

Instalments paid by Palmiera at The Oasis buyers are held in the escrow account and released to Emaar only against construction progress that DLD inspections have certified, so the developer's access to buyer money follows verified work rather than the calendar. Separately, the 2023 launch schedule set when buyers pay: its fourth to eighth instalments were linked to construction completion milestones of 10, 20, 30, 50 and 70 percent, and the final 15 percent to 100 percent completion.

The DLD inspection dated 20 July 2026 certified 81.72 percent, up from 72.56 percent at the inspection dated 27 March 2026. Enabling, substructure and foundation works are complete; superstructure, internal works, external envelope and MEP are at advanced stages; internal finishes and external works are progressing at different stages, with infrastructure under way. Every dated reading is tracked on the Palmiera at The Oasis construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 10% down payment, and it does not enter the Palmiera at The Oasis escrow account. The escrow account receives the purchase price instalments only, and those are the funds released against certified construction progress.

While Palmiera at The Oasis is under construction, each sale is registered on Oqood, the Dubai Land Department register for off-plan units, which ties the buyer to a specific villa within project 2732. After construction completion, handover and payment of the full price, the title deed is issued in the buyer's name. The two records work in parallel: the Oqood registration records the buyer's interest in the villa, and the escrow account holds the money paid toward it.

Yes. The escrow protection is tied to certified construction, not to the Q4 2027 target: funds still held in the Palmiera at The Oasis escrow account are released only as DLD inspections certify further progress, however long that takes. Escrow protects capital while the villas are completed; it does not pay compensation for a later handover, and any delay terms are set out in the Sales and Purchase Agreement.

No. Every off-plan instalment for Palmiera at The Oasis is payable into the DLD-registered escrow account 0201*****1430 at Emirates NBD Bank (P.J.S.C) (the full number sits in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to pay a personal account, an agent's account or a different company account, particularly one that comes with a discount for paying that way, follows the standard pattern of payment fraud, however authentic the documents appear. Any such request can be checked against the escrow account shown in Dubai REST and the Sales and Purchase Agreement before money moves.

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. That safeguard covers only money that actually reached the registered account, which is why the account number is the single most important line on any payment instruction. With 81.72 percent certified at the 20 July 2026 inspection, Palmiera at The Oasis is well beyond the point where cancellation is a practical risk, although the mechanism applies regardless. The wider framework is covered 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 2732 or "The Oasis - Palmiera" opens the project record, and its Escrow Account panel lists the bank and the account number. Those details are expected to match both the payment instruction and the Sales and Purchase Agreement; the same record also shows the project status, the 265 registered units and the latest inspection reading.

Recent Emaar handovers in Dubai include Bliss in November 2024, June in June 2025, Seagate in September 2025 and Creek Palace in March 2026; these are company-level Dubai deliveries, not phases of The Oasis. Emaar's brochure states 81,600+ residential units delivered and 35,200+ under development as of 31 December 2021. Palmiera at The Oasis itself has a dated register record: registration on 28 July 2023, construction start on 14 August 2023, and certified readings of 6.45 percent on 15 October 2024, 41.78 percent on 1 October 2025, 72.56 percent on 27 March 2026 and 81.72 percent on 20 July 2026.

The 2023 launch schedule places the final 15 percent of the Palmiera at The Oasis price on 100 percent construction completion, dated December 2027, in line with the Q4 2027 handover. That payment goes into the escrow account like every earlier instalment. After completion, a retention portion stays in escrow to cover defect repairs, which makes the handover window the stage where an independent defect inspection carries the most weight; the process is covered in the Palmiera at The Oasis snagging inspection guide.