Park Group · Dubai International City · handover Q4 2028
Park Residency payment plan
Park Residency by Park Group in Dubai International City, Dubai is sold on a 20/30/10, 40% post-handover payment plan. On the cheapest unit, starting from AED 562K, that is AED 337K (60%) paid by handover in Q4 2028 and AED 225K (40%) after the keys over 40 months. Handover is 27 months away.
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- BrochurePDF
- Floor plansPDF
The Park Residency payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 20% |
| During Construction | 30% |
| On handover | 10% |
| Post handover | 40% |
On the cheapest unit (Studio–2 BR, AED 562K)
| On booking | AED 112,375 |
| During Construction | AED 168,563 |
| On handover | AED 56,188 |
| Post handover | AED 224,750 |
| Paid by handover (60%) | AED 337,125 |
| Months to handover | 27 |
| After handover (40%, 40 months) | AED 224,750 |
Percentages as published by Park Group. Dirham figures are those percentages applied to the published starting price of AED 561,875. Registration and other fees are not included.
The Park Residency instalment schedule, line by line
Every instalment Park Group publishes for Park Residency, in order, with the charges listed alongside the plan.
Payment Plan (post handover 40 months)
Published by Park Group
| Stage | Instalment | Share | On AED 561,875 |
|---|---|---|---|
| On booking20% | On booking | 5% | AED 28,094 |
| From 1st month after booking | 5% | AED 28,094 | |
| From 2nd month after booking | 5% | AED 28,094 | |
| From 3rd month after booking | 5% | AED 28,094 | |
| During Construction30% | 1st Instalment to 3rd Instalment | 3 × 10% | AED 56,188 each |
| On handover | as published | 10% | AED 56,188 |
| Post handover | as published | 40% | AED 224,750 |
| Total of the plan | 100% | AED 561,875 | |
Instalments and charges as published by Park Group; the dirham column applies each percentage to the published starting price of AED 561,875. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Park Residency
The same plan, applied to the starting price Park Group publishes for each size in the building.
| Unit | From | On booking (20%) | During Construction (30%) | On handover (10%) | Post handover (40%) |
|---|---|---|---|---|---|
| Studiofrom 387 sq ft | AED 561,875 | AED 112,375 | AED 168,563 | AED 56,188 | AED 224,750 |
| 1 bedfrom 691 sq ft | AED 870,000 | AED 174,000 | AED 261,000 | AED 87,000 | AED 348,000 |
| 2 bedfrom 1,132 sq ft | AED 1,471,511 | AED 294,302 | AED 441,453 | AED 147,151 | AED 588,604 |
Starting price per size as published by Park Group; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Park Residency
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Park Group and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.
| Unit | From | Land Department 4% |
|---|---|---|
| Studio | AED 561,875 | AED 22,475 |
| 1 bed | AED 870,000 | AED 34,800 |
| 2 bed | AED 1,471,511 | AED 58,860 |
4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.
Everything else on Park Residency
- Park Residency: prices, units and handover
- Park Residency floor plans and unit sizes
- Off-plan projects we list in Dubai International City
- Park Group projects we list
- Projects we list handing over in 2028
- Post-handover payment plans in Dubai International City
- Post-handover payment plans across Dubai
- Every off-plan project we list
- Ask us for the Park Residency brochure
Park Residency payment plan: questions buyers ask
- What is the payment plan for Park Residency?
- Park Residency by Park Group is sold on a 20/30/10, 40% post-handover plan: 20% on booking, 30% during construction, 10% on handover, 40% post handover, as published by the developer.
- How much is the booking amount for Park Residency?
- 20% of the price. On the cheapest unit at AED 562K that is AED 112,375.
- How much do I pay before I get the keys to Park Residency?
- 60% of the price, the payment due on handover day included. On the cheapest unit at AED 562K that is AED 337K by handover in Q4 2028.
- Does Park Residency have a post-handover payment plan?
- Yes. 40% (AED 225K on the cheapest unit) is paid after handover over 40 months.
- What are the registration fees on Park Residency?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 562K that is AED 22,475. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
- When is the handover of Park Residency?
- Park Group publishes Q4 2028, which is 27 months from now.
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Other Park Group payment plans
starting from
AED 562K
handover Q4 2028