Park Residency

Key facts

Handover

Q3 2029

Status

not_started

Ownership

freehold

Property types

apartment

Availability

Limited availability, confirm with us

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Park Residency sits in Park Residency.

Master plan

The developer’s own site plan for Park Residency, showing how the buildings, roads and open space sit together.

How Park Residency compares

Entry here is AED 538,891, against a median of AED 538,891 across the 27 priced projects in International City Phase 2, which puts it above 13 of them and below 13. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q3 2029, alongside 46 other projects completing in the same quarter. Park Group has 4 projects in our catalogue.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 20% on booking, 30% during construction, 10% at handover and 40% after handover. At the AED 538,891 entry price, that is AED 108,000 to reserve a unit, AED 162,000 across the build, and AED 54,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 22,000 at this entry price. That 20% booking payment does not go to Park Group directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 369 square feet at AED 538,891, which works out at AED 1,460 per square foot. Stated sizes run from 369 to 1,133 square feet.

Ownership and residency

Park Residency is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa.

Who it suits

The development is apartments in studio to 2 bedroom layouts.

What is on site

Shared facilities recorded for Park Residency are the standard Dubai block: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area.

Frequently asked