New & Off-Plan Projects in Park Five
Park Five is a master-planned residential cluster developed by Deyaar Development in phases, giving buyers a choice between completed towers and off-plan releases with early-entry pricing. The first phase, comprising the Elm and Ember towers, introduced studio, one, two and three-bedroom apartments to the community, while a second phase added a further 343 units. The latest phase, made up of the Ivy and Alder towers, is scheduled for handover in the fourth quarter of 2027 and continues Park Five’s design language of biophilic courtyards and shaded Arabian sikkas. Off-plan buyers benefit from construction-linked payment plans and pre-handover pricing, while ready and near-ready stock in the earlier towers suits investors seeking quicker rental returns.
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Park Five Real Estate: Prices, Payment Plans & Property Types
Prices & Payment Plans in Park Five
Park Five property prices sit toward the affordable end of Dubai's off-plan market, with per-square-foot values running well below Downtown Dubai and Dubai Marina benchmarks. Deyaar has offered several payment plan structures across the community's phases, including 50/50 plans split into a 10 percent booking payment, 40 percent during construction and 50 percent on handover, alongside select 20/80 and 45/55 structures on newer launches. Post-handover instalments have also featured on select towers, easing the transition from off-plan purchase to rental income. A four percent Dubai Land Department transfer fee applies to all resale and off-plan transactions, payable at the point of registration.
New Launches in Park Five 2026
The most recent additions to Park Five are the Ivy and Alder towers, launched as the community's final phase and positioned around a landscaped park and lagoon-facing courtyard. Ivy introduces studios, one and two-bedroom apartments alongside two and three-bedroom duplexes, while Alder focuses on larger one, two and three-bedroom family layouts. Both towers continue the sikka-inspired walkways and biophilic detailing established in the earlier Elm and Ember buildings, with retail units at ground level adding everyday convenience for residents ahead of the scheduled 2027 handover.
Apartments, Villas & Townhouses in Park Five
Park Five is an apartment-led community, with no standalone villas or townhouses on offer. Studios range from roughly 433 to 500 square feet and suit young professionals or investors chasing entry-level yields. One-bedroom units span approximately 650 to 950 square feet, while two-bedroom apartments and duplexes extend to around 1,750 square feet, giving small families extra living space. Three-bedroom apartments and duplexes, the largest configuration in the community, start from around 1,700 square feet and are aimed squarely at end-users seeking a long-term family home within Dubai Production City.
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Tamara Getigezheva
Co-Founder
About Park Five
Park Five is a residential community developed by Deyaar Development within Dubai Production City, formerly the International Media Production Zone. Positioned in Me'aisem First off Sheikh Mohammed Bin Zayed Road and Al Khail Road, it comprises five mid-rise buildings delivered in phases, from the original Elm and Ember towers through to the newer Ivy and Alder releases. Dubai Production City spans 43 million square feet and sits within a freehold zone open to international ownership.
Life here is organised around shaded sikkas, traditional Arabian pathways winding between landscaped courtyards, water features and communal lawns. The atmosphere is quieter than Dubai's central districts, appealing to young professionals, couples and small families who want green outdoor space, a rooftop zen garden and padel or basketball courts on site. Ground-floor retail keeps daily errands close at hand, while the wider neighbourhood adds a family-oriented, community feel.
Per-square-foot prices in Park Five run roughly 45-55 percent below Downtown Dubai and Dubai Marina, making it accessible to first-time buyers and investors alike. The community sits a 20 to 25-minute drive from Dubai Marina and Downtown Dubai, with Al Maktoum International Airport around half an hour away. Rental yields of 6-8% and a phased handover schedule running through 2027 support a steady outlook for the submarket.
Park Five Key Facts
Master Developer
Deyaar Development
Handover
Phased, Q3 2027 to Q4 2027
Unit Sizes
433 to 1,753 square feet (studio to three-bedroom duplex)
Distance to Downtown Dubai
25 kilometres
Park Five Location
Easy Access to Dubai’s Key Destinations
Park Five sits at the intersection of Sheikh Mohammed Bin Zayed Road (E311) and Al Khail Road (E44), giving residents direct road access to Dubai's key business and leisure districts without relying on the metro network, which does not yet extend into Dubai Production City. City Centre Me'aisem, the community's nearest retail and services hub, sits within a two-minute drive, while planned road upgrades around Al Khail Road continue to improve journey times to the coast.
- 2 minutes to City Centre Me'aisem
- 18 minutes to Mall of the Emirates
- 20 minutes to Dubai Marina
- 22 minutes to Jumeirah Beach Residence (JBR)
- 24 minutes to DIFC
- 25 minutes to Downtown Dubai
- 30 minutes to Al Maktoum International Airport
- 35 minutes to Dubai International Airport (DXB)
Why Invest in Park Five
Affordable entry point
Per-square-foot prices in Park Five run well below those in Downtown Dubai and Dubai Marina, giving investors and first-time buyers a lower-cost route into Dubai freehold ownership.
Rental yield
Documented yields across Dubai Production City run at 6-8%, with studio and one-bedroom units at the upper end of that range due to steady demand from young professionals working in the surrounding free zone.
Infrastructure drivers
Ongoing road upgrades along Al Khail Road and Sheikh Mohammed Bin Zayed Road, together with the continued build-out of City Centre Me'aisem and neighbouring Dubai Sports City and Jumeirah Golf Estates, are strengthening connectivity and amenity provision around Park Five.
Capital appreciation and rental income
A phased handover schedule running through 2027 spreads new supply over several years rather than releasing it all at once, supporting a more gradual absorption of stock and a steadier rental income profile for early investors.
Infrastructure and Everyday Life in Park Five
Dubai Production City has grown from a media-focused free zone into a broader residential neighbourhood, and Park Five residents draw on amenities both within the development and across the wider community.
Things to Do
Within Park Five itself, residents have access to infinity pools, a rooftop zen garden, padel and basketball courts and landscaped sikka walkways for evening strolls. The Els Club, an 18-hole championship golf course in nearby Dubai Sports City, is about a 13-minute drive away, while Dubai International Cricket Stadium hosts international fixtures roughly 11 minutes from the community. City Centre Me’aisem adds a small cinema and family entertainment options within two minutes by car.
Education
Families in Park Five can choose from several KHDA-registered schools within a 10 to 20-minute drive, including GEMS United School in Dubai Sports City (American curriculum), Dubai British School (UK curriculum) and Emirates International School Meadows (IB curriculum). Nursery provision includes Kids Kingdom Nursery School, located close to City Centre Me’aisem, covering early years through to pre-school age groups.
Healthcare
Mediclinic Me’aisem operates a multi-specialty medical centre within Dubai Production City, covering general practice, paediatrics and a range of specialist consultations for residents. For hospital-level care, NMC Royal Hospital in Dubai Investments Park is around 15 to 20 minutes away by car, while Mediclinic Parkview Hospital in Al Barsha South is roughly 20 minutes from Park Five.
Where to Dine Out
Dining options cluster around City Centre Me’aisem, including Gazebo Restaurant for North Indian cuisine and Grand Bazaar Turkish Restaurant for wood-fired pizza and Turkish grills, alongside familiar names such as Nando’s within the mall’s food court. Daily Restaurant, a short drive from the community, is known locally for Pakistani and Indian slow-cooked specialities including nihari and biryani.
Best Places for Shopping
City Centre Me’aisem, operated by Majid Al Futtaim, anchors daily shopping needs with a Carrefour hypermarket and more than 50 stores across fashion, electronics and home goods, all within two minutes of Park Five. For larger-format retail, Mall of the Emirates and Ibn Battuta Mall are both within a 20 to 25-minute drive, giving residents access to wider fashion and entertainment options when needed.
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