Elm at Park Five

When will Elm at Park Five be handed over?

Deyaar’s launch factsheet, dated November 2024, gave a handover in summer 2027, and Property Finder lists an expected completion of 1 June 2027. The Dubai Land Department (DLD) project register records the same date, 1 June 2027, for Elm At Park Five, project 3343, which covers two buildings and 532 units. A few broker pages quote Q4 2027, which is the date used for the later Ivy and Alder buildings.

The DLD inspection of 3 September 2026 recorded 16.18% complete. That left about 84% of the work for the nine months to the registered date.

Building-by-building dates and how the date has changed: Elm at Park Five handover date.

Elm at Park Five construction update

The register records a construction start on 1 April 2025. Inspections recorded about 11.01% on 10 June 2026 and 16.18% on 3 September 2026, a gain of 5.17 points in under three months (Continental Club, registry updated 1 October 2026). Each building is registered as B+G+P+11+R: a basement, ground floor, podium, 11 residential floors and a roof. The escrow account is with Dubai Islamic Bank.

Elm at Park Five homes and sizes

Elm is Towers A and B of Park Five, the first phase of a five-project community. The DLD register gives this mix:

Ranges exclude the smallest and largest 5% of each type (Continental Club). Amenities include a gym, adult and children’s pools, two plunge pools, a podium sand sports area and a rooftop dog park.

Elm at Park Five prices and resale

Bookings opened on 1 October 2024 (Aigents Realty). Launch prices started from AED 611,000 for studios of about 433 sq ft, AED 888,000 for 1 bedrooms and AED 1.35 million for 2 bedrooms. Property Finder gives a launch price of AED 1,010,461, the top of the 1 bedroom range.

DLD data via Continental Club (register updated 30 September 2026) shows 531 sales, two of them resales, at a median of AED 14,527 per square metre, about AED 1,350 per sq ft. That median was 2% lower than in the previous 12 months, while Dubai Production City rose 7%. Medians by type were:

• Studio: AED 657,681 (158 sales)
• 1 bedroom: AED 1,030,190 (263 sales)
• 2 bedroom: AED 1,446,594 (108 sales)

Recent sales in August 2026 included a 2 bedroom of 114.3 square metres at AED 1,510,000.

Elm at Park Five payment plan

The plan is 10% on booking, 40% during construction and 50% on handover (Deyaar factsheet; Property Finder). Aigents Realty sets out the construction schedule as 10% in April 2025 and five instalments of 6% roughly every four to five months, the last in April 2027. These instalments are dated, so they fall due on the calendar rather than with construction progress.

Elm at Park Five developer and delivery record

Deyaar is a Dubai Financial Market listed developer. Park Five also includes Ember and Neem from the earlier phases and Ivy at Park Five and Alder from the final phase. Neem had a registered date of 1 December 2027 and was 15.22% complete on 9 September 2026; Ivy was 6.28% complete on 17 September 2026 with a date of 31 December 2027. Among Deyaar’s recent towers, Regalia was handed over in April 2026, about 16 months later than first stated.

What to check before buying at Elm at Park Five

1. Which tower the unit is in. Elm is Towers A and B; the rest of Park Five carries later registered dates.
2. The SPA completion date and grace period. Reaching 100% by 1 June 2027 would take about 28 points a quarter, against 5.17 between June and September 2026.
3. The 50% handover payment, about AED 515,000 on a 1 bedroom at the registered median price.
4. Resale evidence. Only two resales are registered so far, so off-plan resale prices rest on very few deals.