ELM at Park Five B
2 BR · Apartment · 3 bathrooms
Price history
Listed since 3 November 2026. The price has been cut once — dates and figures from the listing itself.
- 4 November 2026 AED 1 531 733
- 4 November 2026 AED 1 470 000 -4%
Where it is
The pin is placed by district — I send the exact address on request.
Production City
Dubai Production City, formerly IMPZ: a printing and media zone with lakeside apartment buildings and low prices.
- high gross yields
- lowest entry prices
- lakeside outlook at a low cost
What to check: Several buildings here have had persistent service charge and maintenance problems. The charge history and the state of the common areas are the first things to examine, ahead of the apartment itself.
Full district guide →Questions and answers about lot NP4-593875
How much is this 2-bedroom apartment in ELM at Park Five B?
Lot NP4-593875 is priced at AED 1 470 000, about $400 000. The size is 1 245 sq ft (116 m²), which works out at AED 1 181 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 531 733 to AED 1 470 000: AED 61 733 less, or 4%. It was cut once. On the market since 3 November 2026.
Is this expensive or cheap for Production City?
The database holds 18 lots in Production City, starting from AED 615 000. The area median is AED 1 660 per sq ft; this lot, at AED 1 181, is 29% below it. 7 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Production City area guide →Is the property ready or still under construction?
According to the listing, the property is still under construction; the seller gives no handover date — I will confirm it with the developer when you ask.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 58 800 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 530 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What does the seller say about the property itself?
From the listing: bathrooms — 3.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-593875 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: ELM at Park Five B
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Nearby in Production City
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