Park Five Dubai Production City Dubai

Park Five is Deyaar's cluster of five low-rise buildings — Elm, Ember, Neem, Alder and Ivy — in Dubai Production City, a few hundred metres from its finished Midtown community. PropertyPistol lists it from AED 640,690 (about Rs 1.65 crore) for a studio, with 1 to 3 BHK apartments and duplexes above, on a 10/40/50 payment plan.

The complication is that "Park Five" is five buildings sold in phases, and the handover dates differ: March 2027 on PropertyPistol, Q2 or September 2027 on portals for the first buildings, and December 2027 for Ivy and Alder, the last phase. Prices differ by building too. This page prints the range and tells you which questions settle it: which building, and what does the SPA say.

At a glance

Price and unit pricing

Elm, the first building, launched from AED 620,645 with units from 430 sq ft. The spread of studio prices — AED 611,000 to 683,058 — is the spread between buildings and releases, and PropertyPistol's AED 640,690 sits in the middle of it.

Against the district: Dubai Production City apartments sell at about AED 1,188 per sq ft on 2026 transaction data, with other guides putting the range at AED 1,200 to 1,500. Park Five's studios at roughly AED 1,490 per sq ft are about a quarter above the ready average; its larger units are at or below it. The premium is for new build, low-rise design and terraces, and it is real, but in a district bought for yield it is the number to challenge.

Payment plan and total cost

10% on booking, 40% in instalments during construction, 50% on handover, interest-free. Worked through on the AED 640,690 entry unit:

The service charge is not published in the sources checked. Low-rise buildings with pools and a cinema room usually charge less per sq ft than towers with more lifts, but ask Deyaar for the budgeted rate; on a 400 sq ft studio the annual number is small in absolute terms but a meaningful share of a AED 25,000 to 30,000 rent.

Location and connectivity

Dubai Production City (the old IMPZ) sits beside Sheikh Mohammed bin Zayed Road, with City Centre Me'aisem as the local mall and Jumeirah Golf Estates and Dubai Sports City to the north. Al Maktoum airport and Expo City are about 20 minutes south-west; Dubai Marina and JLT about 20 minutes; Downtown 25 to 30. No metro serves the district, so every resident drives, and that shapes who rents here: people working at Jebel Ali, Dubai Investment Park, the media and production zones, and the airport.

The finished reference point is next door. Deyaar's Midtown Noor district — 593 ready homes handed over in 2023 — tells you what a completed Deyaar building in this district looks like and what it rents for. Walk it before you book Park Five. See all Dubai projects we track and the projects list.

Amenities and specifications

Quoted amenities: a gym, swimming pools, a barbecue area, a cinema room, children's play areas and rooftop lounges. Ivy is described as eight storeys with glass facades and planted terraces, and the top floors carry 2 and 3 BHK duplexes, which is unusual in this district. Units come with the standard Deyaar mid-market fit-out seen in Midtown: fitted kitchens, built-in wardrobes, balconies.

Not published: the total number of units across the five buildings, the parking allocation, the appliance list or the service-charge budget. Final specification as per the SPA.

About the developer

Deyaar Development PJSC is a Dubai-listed developer with more than 20 years of operation and, by its own count, over 23 million sq ft delivered. The record that matters here is local: Midtown, in this same district, has Afnan (handed over 2019), Mesk and Noor (2023) and Jannat, more than 2,200 homes in total, and Deyaar says it delivered ahead of schedule. In 2025 it announced 1,436 homes handed over across three projects, including Jannat and Regalia in Business Bay.

That is as close to a proven builder for this exact location as Dubai offers. The caveat is the usual one for phased projects: five buildings mean five completion dates, and the developer's incentive is to sell the later buildings on the earlier buildings' dates. Get yours in the SPA.

For Indian buyers

Dubai Production City is freehold, so an Indian citizen owns the title outright. The whole entry purchase, about AED 666,000 with fees, sits inside one person's LRS allowance of USD 250,000 a year (about AED 918,000), and the 10/40/50 plan spreads it across two financial years if you prefer. It is below the AED 2 M Golden Visa threshold, so no residence visa comes with it.

No UAE tax applies to the property or the rent; an Indian tax resident declares the rent and any sale gain in India. On yield, be careful with the district's headline: the median gross yield near 9% is earned on ready flats at about AED 1,188 per sq ft. A Park Five studio at AED 1,490 per sq ft renting for the same AED 25,000 to 30,000 a year returns nearer 4 to 5% gross, before service charges. The premium buys a newer building and a terrace, not more rent.

On exit: there will be many similar units in the district when Park Five completes, so resale is easy but not at a premium. The buyer who does well here holds for the rent and sells into a normal year, not into the 2027 handover wave.

Pros

• A listed developer with 2,200-plus homes already delivered in the same district — the delivery risk here is low by Dubai off-plan standards
• A 10/40/50 plan with half the price due at handover and no interest
• Low-rise buildings with duplexes and terraces, which is rarer in this district than the mid-rise blocks around it
• Handover within about a year to fifteen months on the earlier buildings
• Entry price near AED 640,000 sits inside one person's LRS allowance
• Dubai Production City's rental demand is deep at the budget end, with a 2026 median gross yield near 9%

Cons

• About AED 1,490 per sq ft on the entry studio is roughly 25% above the district's ready average of AED 1,188 — you are paying a new-build premium in a yield district
• Handover dates range from March to December 2027 depending on building; the cheapest units may be in the last phase
• No metro and a far-out location; tenants here are price-sensitive, which caps rent
• The AED 640,690 entry does not reach the AED 2 M Golden Visa threshold
• No source prints the DLD project number, total unit count or service charge
• Heavy supply: Midtown, Park Five's other buildings and neighbouring launches all compete for the same tenants

Who this is for

• Investors who want a new, low-risk off-plan unit from a listed developer in a high-yield district
• Indian buyers keeping the purchase inside one LRS allowance with a plan that spreads payments to 2027
• Buyers who prefer a low-rise building with a terrace over a tower flat at the same price
• People who will hold through 2028 rather than resell at handover

Who should look elsewhere

• Anyone who needs a Golden Visa from this purchase
• Buyers who want a central or metro-served address
• Yield-first buyers who could buy ready Midtown stock next door at AED 1,188 per sq ft instead
• Anyone who needs a fixed handover month — the dates differ by building

Our verdict

Buy it if you want a new unit from a developer with a delivery record in this exact district and can hold past 2027. Before booking: confirm the building and its SPA date, get the DLD project number, and price the same money against a ready Midtown flat next door. If yield is the whole point, the ready flat wins.

FAQs

What is the price of Park Five?

PropertyPistol lists it from AED 640,690 (about Rs 1.65 crore). Portals print studios from AED 611,000 to 683,058, 1 BHK from about AED 987,445, 2 BHK from AED 1.35 M to 1.63 M and 3 BHK from about AED 2.17 M, depending on building and release. Elm's launch was from AED 620,645.

What is the payment plan?

10% on booking, 40% during construction and 50% on handover, with no interest. On AED 640,690 that is AED 64,069, AED 256,276 and AED 320,345, plus a 4% DLD fee of AED 25,628.

When is the handover?

It depends on the building. PropertyPistol prints March 2027; portals print Q2 or September 2027 for the first buildings; Deyaar's final phase, Ivy and Alder, is scheduled for December 2027. Get the SPA date for your building.

How big are the units?

Per Property Finder's Ivy listing: studios 399-437 sq ft, 1 BHK 699-925, 2 BHK 1,165-1,393, 2 BHK duplexes 1,822-1,839 and 3 BHK duplexes up to 2,726 sq ft. Elm's smallest units start at 430 sq ft.

Is it RERA registered?

Deyaar sells through registered projects with escrow accounts, but none of the sources we checked prints the project number for Park Five or its individual buildings. Verify on the Dubai REST app before paying the 10%.

What yield should I expect?

The district's 2026 median gross yield is about 9%, but that is computed on ready stock at about AED 1,188 per sq ft. At AED 1,490 per sq ft a Park Five studio would need the same rent to return roughly 7% gross; budget 5 to 6% net after service charges and vacancy.

Can an Indian buyer purchase it and does it qualify for a Golden Visa?

Yes, the district is freehold. AED 640,690 is inside one person's USD 250,000 LRS allowance but below the AED 2 M Golden Visa threshold.

Who is Deyaar and what have they delivered?

A Dubai-listed developer with more than 20 years in the market. Its Midtown community next door totals more than 2,200 handed-over homes across Afnan, Mesk, Noor and Jannat, and it announced 1,436 homes handed over across three projects in 2025.

Want the building-by-building price list and handover dates for Park Five, or a comparison with ready Midtown stock? Ask Realty Hunting and we will send both.