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About Park Five
Park Five is Deyaar's AED 1.5 billion cluster of five low-rise residential buildings (Elm, Ember, Neem, Alder and Ivy) arranged around a central park beside its completed Midtown community in Dubai Production City.
Entry pricing is quoted from roughly AED 611K to 720K depending on the building and portal, with 50/50 plans for the first phase and 40/60 or 45/55 structures in later buildings.
Handover is targeted for the second half of 2027, with most records pointing to September to December 2027.
Payment
Payment plan
50/50 — 50% during construction, 50% on handover
At a glance
Park Five key facts
- Developer
- Deyaar
- Community
- Dubai Production City
- Status
- Under construction
- Handover
- Q4 2027
- Starting price
- AED 611K
- Unit types
- Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom
- Payment plan
- 50/50
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 611K. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Park Five
- 01
Shortlist and reserve
Choose a unit type and view at Park Five and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Deyaar issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q4 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Park-centred masterplan
- Proven Deyaar delivery track record next door at Midtown
- Accessible entry pricing
What to weigh
- Peripheral Dubai Production City location
- Handover dates vary from June to December 2027
- Mid-market finishes
FAQ
Park Five — frequently asked questions
What is the starting price of Park Five?
Published pricing at Park Five starts from AED 611K. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Park Five?
Park Five is scheduled for handover in Q4 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Park Five?
50/50 — 50% during construction, 50% on handover
Who is the developer of Park Five?
Park Five is developed by Deyaar in Dubai Production City, Dubai.
What unit types are available at Park Five?
Park Five offers Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is Park Five located?
Park Five is in Dubai Production City, Dubai.
Can foreigners buy at Park Five?
Yes. Dubai Production City is a freehold area, so buyers of any nationality can own property at Park Five outright.
Does buying at Park Five qualify for the UAE Golden Visa?
The entry price of AED 611K is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Park Five?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 24K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Park Five?
MRK Real Estate advises on primary purchases and resales at Park Five. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Deyaar before any transaction.
