Parkwood Residences

1. Is it on schedule?57% built in September 2026, 11 months past its registered October 2025 handover · DLD inspection, 14 Sept 202657%Context
2. Is my money protected?Payments go to an escrow account at بنك المشرق (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,186/sqft, 24.7% below the Jumeirah Village Circle off-plan median across 154 projects-24.7%Context
4. Is it selling?8 off-plan sales registered in the last 12 months, of 170 units; the latest on 4 Aug 20268Context
5. Who is building it?Arabian Gulf, licence no. 1013Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك المشرق (شركة مساهمة عامة)

Developer, as licensed

ARABIAN GULF PROPERTIES (no. 1013)

Master developer

Jumeirah Village

Registered start

December 2023

Configuration

Residential (B+G+5).The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 14 Sept 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Parkwood Residences be completed?

The developer registered handover for October 2025; that date has passed with no completion recorded, 11 months on, and the project was 57% built as of September 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 14 Sept 2026.

What does Parkwood Residences cost per square foot?

AED 1,186 per sqft, the median of 8 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 979,890. That is 24.7% below the Jumeirah Village Circle off-plan median across 154 projects.

Is Parkwood Residences in escrow?

Yes: the Land Department register names بنك المشرق (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Parkwood Residences?

ARABIAN GULF PROPERTIES, licence no. 1013, by the register’s own licence number; the master developer that owns the land is Jumeirah Village. Dubai Land Department project register as of July 2026.

How many units does Parkwood Residences have?

170 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.