New homes in Parkwoods Residence start at AED 824,531; the keys were due Sep 2025; you pay 10% to book, 25% while it is built and 65% at the keys.
Keys
Sep 2025
The developer's handover date. It has passed and may be out of date, so check the current one with the developer.
Payment plan
10 / 25 / 65
10% to book, 25% while it is built, 65% at the keys
Bedrooms
Studio to 3 beds
Sizes
648 to 2,888 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 1,272 per sq ft
At the smallest size listed
RERA project
2764
Check it in Dubai REST, the Dubai Land Department's official app.
Built
57%
Being built. DLD register, Nov 11, 2026
Completion on the register
Apr 2026
When we started recording it on Jun 12, 2026 it was Oct 2025. It has moved once since, by 6 months in total.
Escrow account
بنك المشرق (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
174
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 10% when you book, 25% as the building goes up, and 65% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
When you bookBooking · 10%
Booking
10%
AED 82,453+ AED 32,981 DLD fee
AED 115,434
As it is builtWhile it is built · 25%
While it is built
25%
AED 206,133
AED 321,567
At the keys (Sep 2025)Keys · 65%
Keys
65%
AED 535,945
AED 857,512
Booking payment, 10%
AED 82,453
Dubai Land Department fee (Oqood), 4%
AED 32,981
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 115,434
Total costPrice plus the DLD fee
AED 857,512
The handover date (Sep 2025) is too close or already past to estimate the dates. Ask the developer for its current schedule.
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.
Check the developer's record.
The Dubai Land Department project register lists 6 finished projects by this developer since 2015. 5 of the 6 were finished by the completion date DLD holds now. DLD replaces that date when a project is given more time and keeps no earlier dates, so this can't show which ones ran late. Since Jun 12, 2026, DLD has moved the completion date of 1 of their 4 projects under way, by 6 months on average.
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.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Jumeirah Village Circle 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 824,531 here
Off-plan medianAED 741,000AED 1,825 per sq ft
Sales2,549
Too few sales to check: 16
1-bed apartment
Off-plan medianAED 1,159,000AED 1,497 per sq ft
Sales3,757
2-bed apartment
Off-plan medianAED 1,702,000AED 1,377 per sq ft
Sales885
3-bed apartment
Off-plan medianAED 2,249,000AED 1,425 per sq ft
Sales90
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
6.3%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
4.6%
Typical gross yield of similar ready homes
8.5%
Median rent of studio apartments in Jumeirah Village Circle
AED 52,000 a year
Service charge a year, from the keysThe area median, AED 19 per sq ft from 5 buildings, as of 2023, for the smallest home (648 sq ft)
AED 12,312
Rent contracts counted
5,438
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 52,000 a year
1-bed apartment
AED 75,000 a year
2-bed apartment
AED 110,000 a year
3-bed apartment
AED 145,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 52,000 ÷ AED 824,531 = 6.3%. 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
Dubai Internet City Metro Station5.8 km, 14 min driveMetro station
JSS International School1.7 km, 3 min driveSchool
Nord Anglia International School1.8 km, 4 min driveBritish school
Circle Mall900 m, 15 min walkMall
Mediclinic Springs3.9 km, 8 min driveHospital
Dubai Internet City6.2 km, 17 min driveOffices
The Els Club, Dubai Sports City3.4 km, 10 min driveGolf
Parkwoods Residence is a Refine apartment project in Jumeirah Village Circle, with studios to three-bedroom homes from AED 824,531. The listed handover is September 2025, which has passed, so the date may be out of date; ask the developer.
The listed handover of September 2025 is more than a year ago, so the date may be out of date. Ask Refine for the current status and date before you book. The listing has four floor plans, so ask for the one for your unit.
The plan is 10% on booking, 25% during construction and 65% at handover. At the from price that is AED 82,453 on booking, AED 206,133 during construction and AED 535,945 at handover. Get the dated payment schedule before you book. Separately, the 4% DLD fee comes to AED 32,981; ask when it is due.
The listing gives sizes of 648 to 2,888 sq ft, with about 648 sq ft for a studio, 865 for one bedroom, 1,217 for two and 1,496 for three. The developer also gives a range starting at 496 sq ft, so check the floor plans for the unit you want. Facilities include a health club, a gym, valet parking, a barbecue area, a children's pool and play area and a shared pool.
A HealthHub clinic is about 120 m away. JSS International School is about 1.7 km away and Nord Anglia International School about 1.8 km. The nearest metro is Dubai Internet City Metro Station, about 5.8 km away or 14 minutes by car, and Marina Walk is about an 18-minute drive.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
Studio
How prices moved
Median price of studio apartments in Jumeirah Village Circle, over the 12 months to each dateUp 14% from Dec 2024 to Sep 2026.
Dec 2024AED 1,601 per sq ft
Sep 2026AED 1,825 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,825 per sq ft
2,549 sales
Jun 2026
AED 1,794 per sq ft
3,446 sales
Mar 2026
AED 1,762 per sq ft
4,374 sales
Dec 2025
AED 1,751 per sq ft
4,521 sales
Sep 2025
AED 1,706 per sq ft
4,332 sales
Jun 2025
AED 1,671 per sq ft
3,978 sales
Mar 2025
AED 1,625 per sq ft
3,527 sales
Dec 2024
AED 1,601 per sq ft
3,576 sales
Off-plan sales only.
Questions about this project
When is handover?
The listed handover is September 2025, which has passed, so the date may be out of date. Ask the developer for the current status. Ask the developer whether the building is complete and for the completion certificate.
Which company is building Parkwoods Residence?
Refine. The project is in Jumeirah Village Circle.
How much is due at handover?
65%, which is AED 535,945 at the from price. Before that, 10% (AED 82,453) is due on booking and 25% (AED 206,133) during construction.
How big are the homes?
The listing gives 648 to 2,888 sq ft, from about 648 sq ft for a studio to 1,496 for three bedrooms. Another figure starts at 496 sq ft, so check the floor plans.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.
What is close by?
A clinic about 120 m away, JSS International School and Nord Anglia International School about 1.7 to 1.8 km away, and Dubai Internet City Metro Station about 5.8 km away.
