The 26-year-old refused to back down despite the raiders brandishing weapons during the incident in North London on Thursday afternoon.
And later the Gunners defender showed the attack had not shaken him as he posted a fist emoji onto his Twitter page.
The tweet was later deleted, but it showed the Bosnia and Herzegovina was in no mood to be cowed by the violent thugs who had come for him.
The ordeal started at defender Kolasinac's house in leafy Childs Hill at around 5pm on Thursday when the gang tried to steal a watch and gain access to Ozil's car.
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Dramatic footage shows 26-year-old Kolasinac - nicknamed The Tank - leaping from the £100,000 motor and fighting off the armed attackers with his bare hands.
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But after Kolasinac got back in the car, the horror continued as the moped muggers chased the players for a mile down Golders Green Road at high speed.
Even when midfielder Ozil's car came to a halt, the helmet-wearing raiders launched stones and a brick at the 4x4's windows.
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A "terrified" Ozil and his wife Amine, who was in the car at the time of the attack, then abandoned the gold-trimmed SUV and fled on foot.
They took refuge in their favourite Turkish restaurant, who the star had called for help during the drama.
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Staff immediately rushed to the £350,000-a-week star's aid, piling out on to the street to help chase away the would-be carjackers.
Police rushed to the scene and cops were later spotted questioning the Gunners forward, 30.
Financial worker Azuka Alintah, 36, was out food shopping when he witnessed the end of the horrifying chase.