New homes in Hammock Park start at AED 625,000; keys are due Jan 2027; you pay 20% to book, 30% while it is built and 50% at the keys.
In the 24 months to Nov 9, 2026, Dubai Land Department recorded 51 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Hammock Park. Their median price is AED 1,666 per sq ft (about AED 656,000 at 394 sq ft). This project's from price is AED 1,586 per sq ft (AED 625,000 for its smallest home, 394 sq ft), 5% less.
Keys
Jan 2027
The developer's handover date
Payment plan
20 / 30 / 50
20% to book, 30% while it is built, 50% at the keys
Bedrooms
Studio to 2 beds
Sizes
394 to 993 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,586 per sq ft
Similar off-plan homes: AED 1,666 per sq ft
RERA project
2920
Check it in Dubai REST, the Dubai Land Department's official app.
Built
82%
Being built. DLD register, Nov 11, 2026
Escrow account
مصرف ابوظبى الاسلامى
The bank that holds your payments
Registered homes
252
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 30% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 20%
Booking
20%
AED 125,000+ AED 25,000 DLD fee
AED 150,000
Dec 2026While it is built · 30%
While it is built
30%
AED 187,500
AED 337,500
Jan 2027Keys · 50%
Keys
50%
AED 312,500
AED 650,000
Booking payment, 20%
AED 125,000
Dubai Land Department fee (Oqood), 4%
AED 25,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 150,000
Total costPrice plus the DLD fee
AED 650,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 51 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Hammock Park, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in Hammock Park sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 51 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Hammock Park, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,666 per sq ft
AED 1,405 to AED 1,476 per sq ft
2 sales
AED 1,476 to AED 1,548 per sq ft
2 sales
AED 1,548 to AED 1,619 per sq ft
14 sales
This project's from price is in this band.
AED 1,619 to AED 1,691 per sq ft
20 sales
AED 1,691 to AED 1,762 per sq ft
10 sales
AED 1,762 to AED 1,834 per sq ft
1 sale
AED 1,834 to AED 1,906 per sq ft
0 sales
AED 1,906 to AED 1,977 per sq ft
2 sales
AED 1,405 per sq ftAED 1,977 per sq ft
This project AED 1,586 per sq ft
Half of the sales sold for AED 1,599 to AED 1,691 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,405 to AED 1,476 per sq ft
2
AED 1,476 to AED 1,548 per sq ft
2
AED 1,548 to AED 1,619 per sq ft
14
AED 1,619 to AED 1,691 per sq ft
20
AED 1,691 to AED 1,762 per sq ft
10
AED 1,762 to AED 1,834 per sq ft
1
AED 1,834 to AED 1,906 per sq ft
0
AED 1,906 to AED 1,977 per sq ft
2
The 3 closest sales
Picked from the 51 similar sales above, closest in size to this project's smallest home.
Feb 2025AED 669,800AED 1,699 per sq ftHAMMOCK PARK, 394 sq ft
Feb 2025AED 667,800AED 1,694 per sq ftHAMMOCK PARK, 394 sq ft
Nov 2024AED 678,800AED 1,722 per sq ftHAMMOCK PARK, 394 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Wasl Gate in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 625,000 here
Off-plan medianAED 640,000AED 1,622 per sq ft
Sales769
5% below 51 similar sales
1-bed apartment
Off-plan medianAED 1,482,000AED 1,899 per sq ft
Sales2,227
2-bed apartment
Off-plan medianAED 2,147,000AED 1,663 per sq ft
Sales1,926
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
7.7%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
6.4%
Typical gross yield of similar ready homes
9.2%
Median rent of studio apartments in Wasl Gate
AED 48,000 a year
Service charge a year, from the keysThe area median, AED 17 per sq ft from 21 buildings, as of 2023, for the smallest home (394 sq ft)
AED 6,698
Rent contracts counted
3,597
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 48,000 a year
1-bed apartment
AED 70,000 a year
2-bed apartment
AED 100,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 48,000 ÷ AED 625,000 = 7.7%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Energy Metro Station500 m, 10 min walkMetro station
Jebel Ali Primary School1.1 km, 5 min driveSchool
The Winchester School2.3 km, 5 min driveBritish school
Emirates International School - Meadows6.9 km, 13 min driveIB school
Delhi Private School2.3 km, 5 min driveIndian school
Hammock Park is a Divine One Group apartment project in Wasl Gate with studios to 2-bedroom homes from AED 625,000. The listed handover is January 2027, so it is due soon: ask for the completion certificate before you pay.
Timing matters most here. The listed handover is January 2027, about two months away, so ask Divine One Group whether the building has its completion certificate and when handover will happen. Because half the price is due at handover, ask when the 30% construction payment falls due.
The plan is 20% on booking, 30% during construction and 50% at handover. At the from price that is AED 125,000 on booking, AED 187,500 during construction and AED 312,500 at handover. On price, the Dubai Land Department lists 51 studio off-plan sales in this project over the 24 months to November 2026, and the from price is about 4.8% below them. Separately, the 4% DLD fee comes to AED 25,000; ask when it is due.
Studios are about 394 sq ft, one-bedroom homes about 638 sq ft and two-bedroom homes about 993 sq ft. The developer describes the homes as furnished, so confirm in the sale agreement what furniture and appliances come with the unit. The developer lists more than 70,000 sq ft of shared space with gardens, a pool, an outdoor cinema and a sauna. Ownership is freehold.
Energy Metro Station is about 490 m away and a Healthhub clinic about 710 m. Jebel Ali Primary School is about 1.1 km away, and The Winchester School and Delhi Private School are each about 2.3 km, around 5 minutes by car. JBR beach is about 10 minutes by car by our estimate, and Jumeirah Lakes Towers about 11.
