3BR Penthouse in Allegro Park, Dubai Islands

This 3-bedroom, 4-bathroom penthouse at Allegro Park offers 3,377 sq ft in Dubai Islands, priced from AED 6,324,040 (about AED 1,873 per sq ft), with handover expected in Q4 2027.

Allegro Park is an off-plan residential project by Mill Hill on Dubai Islands. The Dubai Land Department lists it as Allegro Park By Mill Hill Riviera Development, project 4077, registered in December 2025 to Mill Hill Riviera Development L.L.C, with 52 homes: 16 one-bedroom, 28 two-bedroom and 8 three-bedroom units. DLD shows the project as 0.29% complete.

Amenities listed by the developer include electric car charger, spa, BBQ area, cinema, sauna, steam room, jacuzzi, lobby, infinity pool, pets allowed and kids' play area.

DLD lists 8 three-bedroom homes in the project. Contact us to confirm which of them are penthouses and which are still available.

Our feed lists a 40/60 payment plan with two years post-handover. Contact us for the full payment schedule.

How does the price compare with Dubai Islands? Homes sold on Dubai Islands had a median of AED 2,809 per sq ft from 1 January to 7 October 2026 (Dubai Land Department, 3,309 sales, almost all off-plan). At about AED 1,873 per sq ft, this unit is around 33% below that median.

What rental yield can investors expect on Dubai Islands? The first completed buildings are only now being let. Ten rent contracts were registered this year at a median of AED 130,000 a year, an early gross yield of about 3.5% before service charges (Dubai Land Department). With so few contracts, treat this as an early signal rather than a market rate.

When will Allegro Park be completed? Our feed lists handover in Q4 2027.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.