Parkwood Residence in Jumeirah Village Circle
Parkwood Residence · Jumeirah Village Circle, Dubai
Get Directions
Launch Price
AED 850,000
Property Type
Villa
Bedrooms
Studio, 1 - 3 Beds
Payment Plan
10/40/50
Handover
TBC
Projected Yield
4.9 to 7.1%
Parkwood Residence is a villa development in Jumeirah Village Circle featuring studio, 1 - 3 beds units, launching at AED 850,000. A 10% booking payment secures the unit. Construction-phase instalments total 40%, with the remaining 50% due at handover. Projected gross returns run in the 4.9 to 7.1% range annually, in line with similar off-plan product in Dubai. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 11,724/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 85,000 Due on signing SPA |
|
| During Construction | 40% | AED 11,724/mo 29 monthly instalments |
|
| On Handover | 50% | AED 425,000 Due at TBC |
|
| Total | AED 850,000 | ||
On Booking
10%
AED 85,000
Due on signing SPA
During Construction
40%
AED 11,724/mo
29 monthly instalments
On Handover
50%
AED 425,000
Due at TBC
Total
100%
AED 850,000
Questions about Parkwood Residence
What payment plan does Parkwood Residence offer?
Parkwood Residence uses a 10/40/50 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in TBC.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Parkwood Residence fits your budget and send you comparable alternatives.
Get Free Property Matches
Enter your monthly budget and we send qualifying projects straight to your WhatsApp. Free, no agency fees.