Project
Parkwood Residences
Parkwood Residences is a five-storey residential building under development in JVC District 14, Jumeirah Village Circle, Dubai. An off-plan project of apartments in Jumeirah Village Circle, priced below the Jumeirah Village Circle median.
Based on only 3 sales — not representative of the market.
01 / Transactions
All Parkwood Residences transactions
02 / About
About Parkwood Residences
Parkwood Residences is a five-storey residential building under development in JVC District 14, Jumeirah Village Circle, Dubai.
Parkwood Residences at a glance
- Area
- JVC District 14
- Developer
- Arabian Gulf Properties
- Units
- The development will contain an estimated 170 units
- Unit layouts
- Parkwood Residences will comprise a mix of studios, one- , two- , and three-bedroom apartments
- Launch price
- At the time of the sales launch, units were priced from AED 63k
- Architect
- The architectural consultant is CVTEC Consulting Engineers
- Contractor
- The main building work is being done by Al Awtan Contracting
- Structure
- The substructure contains one basement level which is used for parking
Homes, design and facilities
Payment plan: The project was launched with an installment plan allowing investors to pay 10% as a deposit on booking, 40% during the construction phase, and 50% upon handover of the property. Down payment 10% Construction 40% Handover 50%.
Arabian Gulf Properties bought Kensington from Exim Management Ltd. Plans are to rebrand it as Parkwood Residences with design changes, both interior and exterior.
The building was previously named Kensington but was changed to Parkwood Residences.
Kitchen cabinets are by Scavolini.
- Amenities will include a barbecue area
- a children's play area
- a children's swimming pool
- community parks
- a gym
- seating areas
- a splash park
- swimming pool
Getting around
- Dubai Mall
- 21 min
- Palm Jumeirah
- 16 min
- Burj Al Arab
- 18 min
- The Walk JBR
- 20 min
Travel times are approximate driving estimates reported by the source and vary with route and traffic.
Construction and handover
Construction began in December 2023. The estimated handover date was Q3 2025 which was later revised to Q4 2026.
- Construction Started
- December 2023
- Estimated Completion
- Q3 2025
- Revised Est. Completion
- Q4 2026
Nearby neighbourhoods
- Victory Heights1.6 km
- Jumeirah Village Triangle1.8 km
- Sports City2.2 km
- The Springs2.3 km
Parkwood Residences recorded 3 market sales from 1 Apr 2026 – 4 Aug 2026, at a median price of AED 862,003 (AED 1,201/sqft). Parkwood Residences's median price per sqft (AED 1,201/sqft) is 18% below the Jumeirah Village Circle median (AED 1,468/sqft).
03 / Payment plan
Parkwood Residences payment plan
How the price was split between booking, construction and handover at launch.
- Down payment
- 10%
- Paid on booking
- During construction
- 40%
- Paid in instalments while it is built
- Handover
- 50%
- Paid when the keys are handed over
The launch plan as published by Propsearch. Terms can differ by unit, offer and date.
04 / Prices
Parkwood Residences prices by bedrooms
Median prices of market sales by number of bedrooms.
| Bedrooms | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
Studio | 1 | 704.55K AED | 1,457 | |
1 bedroom | 1 | 862K AED | 1,201 | |
2 bedrooms | 1 | 1.17M AED | 878 |
Market pulse / weekly
Parkwood Residences price history
Weekly median of market sales (sales, mortgages and gifts are not mixed). Periods without sales are not shown.
Median sale price · AED
Registered market sales only
View data table
| Period | Sales | Median · AED | AED / sqft |
|---|---|---|---|
| Week of 30 Mar 2026Total AED 704,547 | 1 | AED 704,547 | AED 1,457/sqft |
| Week of 6 Jul 2026Total AED 1,174,685 | 1 | AED 1,174,685 | AED 878/sqft |
| Week of 3 Aug 2026Total AED 862,003 | 1 | AED 862,003 | AED 1,201/sqft |
05 / Nearby
Other projects in Jumeirah Village Circle
Ranked by number of market sales.
| Project | Sales | Median · AED | AED / sqft | Open |
|---|---|---|---|---|
| 582 | 1.19M AED | 2,254 | ||
| 253 | 1M AED | 1,485 | ||
03 | 233 | 1.02M AED | 1,452 | |
| 164 | 1.39M AED | 1,614 | ||
| 162 | 1.1M AED | 1,564 | ||
| 157 | 667.52K AED | 1,506 | ||
| 155 | 1.33M AED | 1,639 | ||
| 110 | 1.09M AED | 1,384 | ||
| 108 | 1.17M AED | 1,350 | ||
| 96 | 925K AED | 1,956 |
06 / Talk to us
Interested in Parkwood Residences?
Answer a few short questions and we will get back to you.
A registered project can include several buildings or phases, so these figures cover the whole project.