Parkwood Residences
2 BR · Apartment
About the building
5-storey residential building in JVC District 14. Developer — Arabian Gulf Properties. Architect — CVTEC Consulting Engineers.
Where it is
Al Barsha
The district around Mall of the Emirates: villas, apartments, hotels and a metro station, all mixed together.
- schools and healthcare
- metro access
- deep tenant demand
What to check: Al Barsha 1, 2, 3, South and Heights are meaningfully different in price, character and amenity. Establish exactly which one a listing refers to before comparing, and measure the walk to the metro honestly.
Full district guide →Questions and answers about lot NP9-108566
How much is this 2-bedroom apartment in Parkwood Residences?
Lot NP9-108566 is priced at AED 1 790 000, about $487 000. The size is 1 217 sq ft (113 m²), which works out at AED 1 471 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for Al Barsha?
The database holds 7 lots in Al Barsha, starting from AED 640 000. The area median is AED 1 468 per sq ft; this lot, at AED 1 471, is level with it. The median is taken from listings in our database, not from registered sales.
Al Barsha area guide →Is the property ready or still under construction?
The handover date in the listing is Q2 2026, which has already passed. I will confirm whether the property has actually been handed over when you ask: listings are not always updated.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 358 000; a loan of AED 1 432 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 400–8 400 a month. A non-resident puts down from 40% (AED 716 000) and pays about AED 5 500–6 300 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 71 600 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 210 000 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 is known about Parkwood Residences?
The building has 5 floors and 170 units. The developer is Arabian Gulf Properties. Figures are from the project passport: Propsearch and the Dubai Land Department.
Parkwood Residences project page →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 NP9-108566 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in Al Barsha
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