The UAE won the 2000 event in Sharjah and followed it up with a win in Singapore two years later.
Oman won the toss and was confident enough to send UAE in to bat first.
It proved to be a wise decision as Oman's bowler Hemin Desai moved the new ball and UAE's opening batsman Asim Saeed edged the ball to wicketkeeper Sultan Ahmed in the third over.
Hemal Mehta then bowled Asghar Ali in the sixth over to leave UAE struggling at 17 for two.
However Arshad Ali and Naeemuddin (37) kept the scoreboard ticking with Arshad top scoring with 77 off 105 balls.
They weathered the storm and put up a strong partnership of 101 runs.
Syed Maqsood, batting at number 5, then teamed up with Naeemuddin to hammer the Oman bowlers all over the Oval.
Maqsood plundered 67 runs off 67 balls and UAE were 202 for five in the 44th over but managed to reach 253 in the remaining six overs for the loss of 7 wickets.
Hemal Mehta was the most economical bowler, taking three wickets for the loss of only 38 runs.
Oman batted well with Adnan Ilyas scoring 26 runs off just 28 balls with his partner Hemal Mehta (39) equally effective.
But it was their dismissal that led to the Oman downfall as three batsmen were sent marching back to the pavilion in quick succession.
Oman never recovered and with the run rate creeping up, they played some rash shots causing wickets to tumble.
Oman's innings ended at a disappointing 159 in 44 overs.
UAE's Ali Assad was the toast of the side's bowlers taking four wickets for 38 runs. He was later jadudged Man of the Match.
Khurram Khan and Mohd Tauqir were the other bowlers who did the damage to Oman's innings.
After the finals, the Asian Cricket Council (ACC) named an ACC squad for a playing tour of Sri Lanka.
Among them are Malaysia's skipper Suresh Navaratnam and Rohan Vishnu Suppiah with the rest of the squad comprising Arshad Ali (UAE), Asim Saeed (UAE), Khalid Butt (Kuwait), Omer Taj (Qatar), Hemin Desai (Qatar), Nawroz Khan (Afghanistan), Sultan Ahmed (Oman), Sujith Rolegora (Qatar), Azmatullh (Kuwait), Qamar Sadiq (Qatar), Raj Kumar (Kuwait), Ali Asad (UAE), Mehboob Shah (Bepal) and Khuram Khan (UAE).
UAE 253 for 7 in 50 overs (Arshad 77, Maqsood 67) beat Oman 159 in 44 overs (Hemal Mehta 39, Ali Assad 4 for 38) by 94 runs.