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PAYMENT PLAN
UNIT PRICE | AED 1,435,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 820,646 |
2. DLD Transfer fee 4% + 40 AED | AED 57,440 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 30,135 |
PAYMENT PLAN SCHEDULE
60% Construction | AED 153,589 |
80% Construction | AED 153,589 |
On Handover | AED 307,176 |
SUMMARY
Total on Transfer | AED 913,471 |
Total remaining Payment Plan | AED 614,354 |
TOTAL COST FOR BUYER | AED 1,527,825 |
ABOUT THIS DEAL
DEAL SUMMARY
This unit is a 1-bedroom apartment of 809 sq.ft on floors 4 to 8 at Park Lane, with handover scheduled for March 2028. Asking price is AED 1,435,000, equivalent to AED 1,774 per square foot. Recent Dubai Land Department transactions for Park Lane and comparable Dubai Hills Estate 1-bedroom off-plan inventory show pre-registration pricing in the AED 1,700 to AED 2,100 per square foot band, placing this entry at the lower end of the range on a like-for-like off-plan basis with a 14 to 16 per cent undercut to the upper comparable bracket.
Dubai Hills Estate 1-bedroom gross rental yields typically run 5.5 to 7 per cent, supported by corporate-relocation tenants and young professionals drawn to the mature estate amenity stack. On handover, a conservative AED 85,000 to AED 100,000 annual rent assumption implies a gross yield in the 5.9 to 7.0 per cent range at the current asking price. The holding thesis is rental income through the first lease cycles with exit liquidity supported by the sustained secondary-market depth of Emaar-developed Dubai Hills stock.
PROJECT DESCRIPTION
OVERVIEW
Park Lane is a six-building residential cluster under development in Dubai Hills Estate, located within Mohammed Bin Rashid City. The project is delivered by Emaar Properties through its Dubai Hills Estate subsidiary, with architectural design by Dubai Consultants, main construction by China Railway 18th Bureau Group, and foundation works by Dutch Foundation Company. Construction commenced in January 2024 with handover scheduled for March 2028. The development comprises six mid-rise buildings (Park Lane 1 through 6) containing a mix of 1, 2 and 3-bedroom apartments alongside 3-bedroom townhouses, with interiors branded under the Vida concept. The Dubai Land Department records the project value at AED 628 million. Buildings are arranged around a shared landscaped podium accommodating the communal amenity stack.
LOCATION AND MASTERPLAN CONTEXT
Dubai Hills Estate occupies the intersection of Al Khail Road (E44) and Umm Suqeim Street (D63), with the Dubai Hills Golf Club as the central landscape anchor. Park Lane sits within the apartment-focused cluster of the estate, distinct from the lower-density villa sub-communities on the western edge. The development sits on the eastern side of the estate within proximity to Dubai Hills Mall and Dubai Hills Park, forming part of the mixed-density residential belt that defines the masterplan. Surrounding apartment-led clusters include Collective, Socio and Golfville, providing a consistent apartment-tenant catchment.
TRANSPORT AND ACCESSIBILITY
Park Lane benefits from direct vehicular access to Al Khail Road and, via connecting roads, to Sheikh Zayed Road. Typical drive times are approximately 15 minutes to Dubai Mall and Downtown, 17 minutes to Palm Jumeirah, 15 minutes to Burj Al Arab, and 21 minutes to Jumeirah Beach Residence. Dubai International Airport is reached in around 20 minutes and Al Maktoum International in approximately 35 minutes. Metro connectivity within the estate is currently limited, with the nearest stations served via short shuttle or driving distance along the Sheikh Zayed Road corridor. Future Blue Line Metro extensions planned into Mohammed Bin Rashid City are expected to improve mass transit provision over the medium term.
AMENITIES AND FACILITIES
Park Lane is planned with an extensive amenity stack distributed across the shared landscaped podium. Fitness and recreation include a gymnasium, outdoor gymnasium, infinity pool, swimming pool, jogging track, and a padel tennis-style outdoor sports court. Family-oriented provision includes a children's playground, splash park, skate park, putting green, and a dog park. Social amenities include barbecue facilities, shaded dining zones, and residents' lounges. The Vida interior branding applied to apartment specifications is consistent with Emaar's broader hospitality-integrated residential strategy, placing Park Lane among the more amenity-dense mid-rise clusters within Dubai Hills Estate.
SURROUNDING INFRASTRUCTURE
Education in the immediate catchment includes GEMS International School Al Khail and GEMS Wellington Academy Al Khail within approximately 2 kilometres, supported by Kings' School Al Barsha and Safa Community School in the wider catchment. Healthcare is served through King's College Hospital London in Dubai Hills and Mediclinic Parkview Hospital. Retail provision includes Dubai Hills Mall as the primary destination within the estate, with Mall of the Emirates and City Centre Al Barsha within a short drive. Hotel provision in the surrounding Al Barsha and Dubai Science Park districts supports short-stay and relocation tenant demand. Leisure attractions include Dubai Hills Golf Club at 2.6 kilometres and The Storm Coaster at 1.0 kilometre.
MARKET POSITION AND INVESTMENT CONTEXT
The Dubai Hills apartment segment has seen sustained transaction volume since 2023, supported by the mature masterplan infrastructure and the sustained price-per-square-foot uplift across the estate. Recent Dubai Land Department transactions for Park Lane record pre-registration sales predominantly in the AED 1,700 to AED 2,100 per square foot band for one-bedroom units. Apartment rental yields across Dubai Hills Estate typically run 5.5 to 7 per cent gross for 1-bedroom stock, supported by tenant demand from corporate relocation, young professionals, and Emaar's own community pull. The Emaar developer covenant and the integrated estate amenity stack underpin structural tenant depth through market cycles.
CONCLUSION
Park Lane suits yield-focused investors seeking a 1-bedroom entry into Dubai Hills apartment inventory with an Emaar developer covenant and Vida interior branding. The combined appeal of mature estate infrastructure, amenity density, and sustained tenant demand supports a holding thesis oriented toward rental income through the first lease cycles after handover. Principal risks are construction-timeline slippage beyond the March 2028 handover target and the volume of apartment supply scheduled to come on line simultaneously across Dubai Hills through 2027 to 2029. The cluster sits at the intersection of Emaar build quality, Vida branding, and the mature Dubai Hills Estate tenant pool.