ELM AT PARK FIVE

TL;DR: ELM at Park Five by Deyaar is a biophilic-designed residential tower in Dubai Production City, part of a 5-tower, AED 1.5 billion masterplan community. Launched Q4 2024 with June 2027 handover, it offers studios from AED 611,000, 1-bedrooms from AED 888,000, and 2-bedrooms from AED 1.35 million across approximately 425 smart-home-equipped units. The development features a 50/50 payment plan, rooftop Zen garden, padel tennis courts, outdoor cinema, dog park, Friday markets, and panoramic views of landscaped parks and man-made lakes.

Overview

ELM at Park Five is an extraordinarily vibrant, newly launched contemporary residential development masterminded by Deyaar Development PJSC — a publicly listed real estate company on the Dubai Financial Market (DFM: DEYAAR), majority-owned by Dubai Islamic Bank (DIB), with a capital base of AED 5.78 billion. Representing Phase 1 of the ambitious Park Five masterplan — a 5-tower, AED 1.5 billion residential ecosystem — ELM is strategically positioned directly on the main community park and man-made lakes of Dubai Production City (formerly IMPZ). The building configuration comprises Basement + Ground + Podium + 11 Residential Floors + Rooftop (B+G+P+11+R), with an estimated project value of approximately AED 238 million for the ELM tower alone. Bookings commenced on October 1, 2024, with construction estimated to start in April 2025 and a targeted handover in June 2027. ELM is meticulously designed around biophilic principles — flawlessly integrating nature with modern architecture through geometric facades, large balconies promoting indoor-outdoor connectivity, and lush landscaping connecting traditional Arabian pathways (sikkas) with contemporary community spaces — creating a balanced, deeply serene lifestyle that aligns with the Dubai Urban Plan 2040.

The Park Five Masterplan

Park Five is Deyaar's most ambitious community development to date, comprising five purpose-designed residential towers situated directly on a central landscaped park with water features and lakes. The five towers — ELM (Phase 1), Ember (Phase 1), Neem (Phase 2, 343 units), Ivy (Phase 3), and Alder (Phase 3, 277 units in the final phase) — together deliver over 1,000 residential units across studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments, plus Dubai Production City's first duplex townhouse options (available in Ivy). The community is interconnected by traditional Arabian sikkas (pathways), contemporary art installations, landscaped green zones, and a vibrant Food Market Hall, creating a self-sustaining residential ecosystem that blends cultural heritage with modern wellness-centric design. Phase 2 (Neem) launched with additional amenities including hammock gardens, yoga lawns, and sand volleyball courts, while the final phase (Ivy + Alder) introduced an iconic centrepiece tower with resort-style lap pools and multi-purpose sports courts.

Unit Configurations & Pricing

ELM at Park Five houses approximately 425 thoughtfully designed apartments across three configurations. Studios span 433 sq. ft. and are priced from AED 611,000 — representing one of the most accessible entry points in Dubai's new-build residential market. One-bedroom apartments range from 689 to 817 sq. ft. across 5 distinct layout configurations (1A, 1B, 2A, 2B, 2C) with 2 bathrooms, priced from AED 888,000 to AED 1,010,461. Two-bedroom apartments span 1,219 to 1,311 sq. ft. across 6 layout variations (1A, 2A, 2B, 03, 4A, 4B) with 3–4 bathrooms, starting from AED 1,350,000 to AED 1,721,979. Average price per square foot ranges from AED 1,170 to AED 1,445 based on transaction data. Every unit is equipped with smart home automation systems, fully equipped kitchens with efficient layouts, high-end finishes, and airy, light-filled interiors with large windows designed to maximize views of the parks, lakes, and greenery. Each apartment includes one dedicated parking spot.

Payment Plan

Deyaar offers a highly structured, buyer-friendly 50/50 payment plan spanning approximately 3 years from booking to handover. The detailed installment schedule comprises: 10% at booking, 10% in April 2025 (4 months from booking), followed by four installments of 6% each at approximately 4-month intervals (August 2025, January 2026, June 2026, November 2026), with a final 6% installment in April 2027 — totaling 50% during construction. The remaining 50% is payable upon completion in June 2027 and can be financed via mortgage, making the acquisition highly manageable for both end-users and investors.

Amenities & Lifestyle

ELM at Park Five completely redefines community living through an extraordinary, multi-level amenity ecosystem that spans ground level, podium level, and a dedicated rooftop level. The ground floor features a contemporary lobby with lounge, a Food Market Hall with diverse culinary options, the signature Friday Markets (community bazaar-style retail and food events), retail outlets and convenience stores, and relaxation zones. The podium level hosts the adult swimming pool and leisure pool deck, a children's splash pool with waterfall features and fountains, a community lawn with BBQ kitchen and outdoor dining areas, co-working spaces and outdoor workstations, indoor and outdoor gymnasium facilities, a health club with sauna and steam room, sand play areas for children, kids' play areas, a basketball half-court, a jogging track, and shaded cabanas.

The rooftop level elevates the experience further with a Zen garden featuring meditation spaces and waterfall features, a padel tennis court, a plunge pool, a dedicated dog park with pet-friendly lawns, a tea terrace and rooftop lounge, additional BBQ areas, and expansive green space. Community-wide amenities across the broader Park Five masterplan include a shaded outdoor cinema, hammock gardens, yoga lawns, contemporary art installations, traditional Arabian sikkas, and a mosque.

Location & Connectivity

ELM at Park Five is strategically positioned in Dubai Production City — a 43-million-square-foot free zone established in 2003 and managed by TECOM Group (a Dubai Holding subsidiary), situated on Sheikh Mohammed Bin Zayed Road (E11) near Al Khail Road. The free zone offers significant business advantages including 100% foreign ownership, tax-free income, and customs duty exemptions. City Centre Me'aisem (a Majid Al Futtaim mall with Carrefour, international food chains, fitness clubs, and pharmacies) is just 5 minutes away. Key distances include Dubai Exhibition Centre (5–15 minutes), Expo City Dubai (15 minutes), Al Maktoum International Airport (15 minutes), Mall of the Emirates (20 minutes), Jumeirah Golf Estates (20 minutes), Dubai Marina (25 minutes), Dubai Mall (25 minutes), and Dubai International Airport (30–35 minutes). Neighboring communities include Dubai Sports City, Jumeirah Golf Estates, and Jumeirah Village, creating a vibrant suburban corridor with growing infrastructure.

Developer Profile

Deyaar Development PJSC was established on January 6, 2001, initially as a property management unit of Dubai Islamic Bank, before conducting its IPO in May 2007 on the Dubai Financial Market. Under the leadership of CEO Saeed Mohammed Al Qatami (in role since 2010, University of South Carolina graduate, previously with ALDAR and Wasl Properties), Deyaar reported AED 1,512.8 million in revenue for 2024 (up 20.61% year-over-year) and AED 505.4 million in profit before tax (up 14.68% YoY). With a market capitalization of AED 4.30 billion and over 20 years of Dubai real estate experience, Deyaar's portfolio includes Midtown in DPC (5.5 million sq. ft., 24 buildings, 2,200+ units delivered), Regalia in Business Bay (AED 1 billion, 70-storey smart skyscraper recording AED 900 million in sales), Mar Casa in Dubai Maritime City, Tria in Dubai Silicon Oasis, ELEVE in Jebel Ali, and RIVAGE in Abu Dhabi. The company's proven track record in Dubai Production City through the successfully delivered Midtown community provides direct operational and market expertise for the Park Five development.

Investment Potential

ELM at Park Five presents a highly compelling investment case anchored by Deyaar's institutional credibility, the AED 1.5 billion masterplan scale, and Dubai Production City's strong rental fundamentals. DPC delivers average gross rental yields of 7–9% — significantly above the Dubai city-wide average of approximately 6.9% — with studios yielding approximately 7.4%, 1-bedrooms at 7–8%, and 3-bedrooms reaching up to 8.4%. Current annual rental benchmarks in DPC show studios commanding AED 38,000–52,000 and 1-bedrooms approximately AED 62,000. The average sale price per square foot in DPC is approximately AED 1,188, while the average rent per square foot is approximately AED 87 — a ratio that confirms the area's yield-positive dynamics. The freehold ownership structure allows 100% foreign ownership, and the 50/50 payment plan minimizes upfront capital requirements while aligning with the construction timeline.