Park Five By Deyaar

Park Five by Deyaar is a mid-rise residential development in Dubai Production City, offering studio, 1, 2 and 3-bedroom apartments designed with spacious layouts and premium finishes. The project's defining feature is its setting: residents overlook landscaped green parks and lakes, with a rooftop Zen garden, infinity pool, tea terrace and BBQ area providing a resort-style living experience within a well-connected business and residential hub. Dubai Production City sits along Sheikh Mohammed Bin Zayed Road, offering practical connectivity to Dubai's key business and leisure districts while remaining one of the city's more accessible entry points on a price-per-sqft basis. With handover scheduled for Q3 2027, Park Five is positioned for buyers seeking mid-market off-plan exposure with a flexible payment structure.

• Developer: Deyaar Development

• Location: Dubai Production City

• Configuration: Mid-rise residential complex

• Unit mix: Studio to 3-bedroom apartments

• Status: Off-plan, under construction

• Starting price: AED 611,000 (Studio)

• Size range: 450 to 1,250 sqft

• Handover: Q3 2027

• Payment plan: 10/40/50 structure with 1% monthly post-handover option

• Rental yield potential: 6% to 7%

• Rare green, lakeside setting within a mid-market Dubai community

• Competitive entry pricing starting from AED 611,000

• Flexible 10/40/50 payment plan with a post-handover monthly option

• Rooftop Zen garden and infinity pool amenities uncommon at this price point

• Direct access to Sheikh Mohammed Bin Zayed Road for city-wide connectivity

• Backed by Deyaar, a DFM-listed developer under Dubai Islamic Bank

• Positioned between three established residential communities

• Growing tenant demand from the local media and production business cluster

• Wide unit mix from studios to 3-bedroom apartments

• Golden Visa eligibility potential for qualifying purchase values

• Defined Q3 2027 handover date supports investment planning

• Attractive entry point relative to Downtown Dubai and Business Bay pricing

• Located within Dubai Production City, a mixed business and residential community along Sheikh Mohammed Bin Zayed Road (E311)

• Surrounded by landscaped parks and lakes, giving Park Five a green, low-density outlook uncommon for its price point

• Positioned between Dubai Sports City, Motor City and Jumeirah Village Circle, three established residential communities

• Approximately 20 to 25 minutes to Dubai Marina and Palm Jumeirah

• Approximately 20 to 25 minutes to Downtown Dubai and Burj Khalifa

• Approximately 15 to 20 minutes to Mall of the Emirates

• Approximately 25 to 30 minutes to Al Maktoum International Airport (DWC)

• Direct access to Sheikh Mohammed Bin Zayed Road for fast north-south connectivity across Dubai

• Home to a growing base of media and production sector businesses, supporting steady rental demand from working professionals

• One of Dubai's more affordable freehold entry points relative to Downtown or Business Bay pricing

Park Five's amenities are designed around its green, lakeside setting, combining wellness, family and leisure facilities across the podium and rooftop levels.

• Rooftop infinity pool

• Ground-level swimming pool

• Rooftop Zen garden for relaxation

• Fully equipped gymnasium

• Kids play area

• Outdoor BBQ area

• Tea terrace with park views

• Retail outlets at podium level

• Dining outlets and restaurant

• Landscaped parks and leisure lawns

• Lakeside walking paths

• Community mosque

• Schools within the wider Dubai Production City masterplan

• Covered resident and visitor parking

• 24-hour security

• Green surrounding buffer zones between buildings

• Studio - Size: 450 to 550 Sqft, Floors 2 to 15, Studio Layout, 1 Bathroom, Parking: 1 Space, Park or Lake Views, Price AED 611,000 Plus

• 1BR Apartment - Size: 650 to 850 Sqft, Floors 2 to 15, 1 Bedroom, 1-2 Bathrooms, Parking: 1 Space, Park or Community Views, Price AED 850,000 Plus

• 2BR Apartment - Size: 950 to 1,150 Sqft, Floors 2 to 15, 2 Bedrooms, 2 Bathrooms, Parking: 1 Space, Park or Lake Views, Price AED 1,150,000 Plus

• 3BR Apartment - Size: 1,050 to 1,250 Sqft, Floors 2 to 15, 3 Bedrooms, 2-3 Bathrooms, Parking: 2 Spaces, Park or Community Views, Price AED 1,350,000 Plus

• 10% - Down payment on booking

• 40% - During construction, in staged installments

• 50% - On handover (Q3 2027)

• Alternative 1% monthly post-handover option available on select units

Market Snapshot

• Dubai Production City is one of Dubai's more accessible mid-market freehold communities

• Rental yields in the area remain steady, supported by a growing resident and business population

• Park Five's green, lakeside positioning differentiates it from typical mid-rise stock in the district

• Handover is scheduled for Q3 2027, giving investors a defined off-plan investment horizon

• Deyaar's established development track record supports build-quality confidence

Rental Yield

• Rental yields in Dubai Production City typically range from 6% to 7% per year

• Studio and 1-bedroom units tend to see the strongest yield performance in this submarket

• Proximity to Dubai Sports City and Motor City supports demand from working professionals

• Green and lakeside views can command a modest rental premium over standard units

Capital Appreciation

• Dubai Production City has seen gradual price appreciation as retail and community infrastructure has matured

• Off-plan entry pricing offers potential upside by the Q3 2027 handover date

• Continued growth of the surrounding media and production business cluster supports medium-term demand

• Appreciation potential should be weighed against the broader new-supply pipeline in nearby communities

Price Per Sqft Value

• Park Five offers one of the more competitive entry price points among Deyaar's current portfolio

• Studio pricing starting from AED 611,000 positions the project accessibly for first-time investors

• Green and lake-facing units provide differentiated value relative to comparable inland stock

Key Risk to Note

• As an off-plan project, completion is subject to construction timelines through Q3 2027

• Exact unit sizes for larger configurations were not fully published and should be confirmed with the developer

• Dubai Production City has an active new-supply pipeline that could affect medium-term rental growth

• Service charges and building management fees were not published and should be verified before purchase

• Buyers should confirm final payment plan structure directly with Deyaar, as post-handover options may vary by unit

What makes Park Five unique?

Park Five stands out for its green, lakeside setting within Dubai Production City, offering a rooftop Zen garden, infinity pool and tea terrace uncommon among comparably priced mid-rise developments.

How is the final payment handled?

Under the standard 10/40/50 plan, 50% of the price is due on handover in Q3 2027, with an alternative 1% monthly post-handover option available on select units.

What is the expected appreciation for this project?

As an off-plan project in a maturing mid-market community, Park Five is expected to see gradual appreciation, supported by growing infrastructure and business activity in Dubai Production City.

What rental income can investors expect?

Comparable apartments in Dubai Production City typically achieve gross rental yields of 6% to 7% annually.

What is Deyaar's background as a developer?

Deyaar Development is a DFM-listed developer and subsidiary of Dubai Islamic Bank, founded in 2002, with a diversified portfolio of over 30 completed projects across Dubai.