When will Ivy At Park Five be completed?

The completion date registered with the Dubai Land Department is December 2027. At the pace of its recent inspections the site would reach 100% around July 2031. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Ivy At Park Five is built?

6.3%, measured at the Land Department site inspection on 17 September 2026. The Land Department engineers have inspected the site 3 times since August 2025.

Is Ivy At Park Five delayed?

It is running behind. At the rate of the last year it would finish more than three months after its registered date of December 2027.

Who is building Ivy At Park Five?

The registered developer is Deyaar Development. It has 9 other projects under construction in Dubai.

Which bank holds the escrow account for Ivy At Park Five?

Dubai Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.

Ivy At Park Five construction progress

Ivy At Park Five in International Media Production Zone is 6.3% built at the Land Department inspection of September 2026. Developer Deyaar Development. Completion registered for December 2027.

6.3%

Built, at the Land Department site inspection of 17 September 2026

Running behind its date

Completion date (Land Department): December 2027
Finish at recent pace: July 2031
Construction started: November 2025
Registered with the Land Department: October 2025
Developer: Deyaar Development
Community: International Media Production Zone
Units: 210
Escrow bank: Dubai Islamic Bank
Name in Arabic: آيفي في بارك فايف
Land Department project number: 4051
Land Department site inspections: 3

Schedule

Between June 2026 and September 2026 the site added about 1.6 points a month. At that rate it would finish around July 2031, more than three months after the December 2027 date registered with the Land Department.

Progress at each Land Department site inspectionStraight line from start to the Land Department completion date

Site inspections

17 September 2026

6.3%+4.2 pts

29 June 2026

2.0%+2.0 pts

26 August 2025

All 12 site photos, by inspection date

Context

International Media Production Zone has 15 projects under construction, 22% built on average. Ivy At Park Five is behind that average.

Deyaar Development has 10 projects under construction in Dubai; 1 has passed its registered completion date.

Own a unit in Ivy At Park Five?

Mulki follows this project for you: each new Land Department inspection, your payment plan, the handover date and what the unit is worth today, in one private app.

Track the handover

Questions

When will Ivy At Park Five be completed?: The completion date registered with the Dubai Land Department is December 2027. At the pace of its recent inspections the site would reach 100% around July 2031. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Ivy At Park Five is built?: 6.3%, measured at the Land Department site inspection on 17 September 2026. The Land Department engineers have inspected the site 3 times since August 2025.
Is Ivy At Park Five delayed?: It is running behind. At the rate of the last year it would finish more than three months after its registered date of December 2027.
Who is building Ivy At Park Five?: The registered developer is Deyaar Development. It has 9 other projects under construction in Dubai.
Which bank holds the escrow account for Ivy At Park Five?: Dubai Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.

Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.