diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index 2d30271da0e633..3c4fc0a4aca5dd 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -4,9 +4,9 @@
       <Uri>https://github.com/dotnet/corefx</Uri>
       <Sha>5cee7c97d602f294e27c582d4dab81ec388f1d7b</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.NETCore.App" Version="5.0.0-alpha.1.19563.6">
-      <Uri>https://github.com/dotnet/core-setup</Uri>
-      <Sha>8743c312a9d1ce4035140046d44bb959c44f194f</Sha>
+    <Dependency Name="Microsoft.NETCore.App" Version="5.0.0-alpha.1.20071.1">
+      <Uri>https://github.com/dotnet/runtime</Uri>
+      <Sha>86bfd8d46b3817e2a027b23d829cd0d035cd8ad6</Sha>
     </Dependency>
     <Dependency Name="Microsoft.NETCore.DotNetHost" Version="5.0.0-alpha.1.19563.6">
       <Uri>https://github.com/dotnet/core-setup</Uri>
diff --git a/eng/Versions.props b/eng/Versions.props
index a7068e5c450a17..5e2ce3183a3df3 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -6,10 +6,12 @@
     <MajorVersion>5</MajorVersion>
     <MinorVersion>0</MinorVersion>
     <PatchVersion>0</PatchVersion>
-    <!-- Always use shipping version instead of dummy version -->
-    <DotNetUseShippingVersions>true</DotNetUseShippingVersions>
     <PreReleaseVersionLabel>alpha</PreReleaseVersionLabel>
     <PreReleaseVersionIteration>1</PreReleaseVersionIteration>
+
+    <!-- Set assembly version to align with major and minor version,
+         as for the patches and revisions should be manually updated per assembly if it is serviced. -->
+    <AssemblyVersion>$(MajorVersion).$(MinorVersion).0.0</AssemblyVersion>
     <!-- Enable to remove prerelease label. -->
     <StabilizePackageVersion Condition="'$(StabilizePackageVersion)' == ''">false</StabilizePackageVersion>
     <DotNetFinalVersionKind Condition="'$(StabilizePackageVersion)' == 'true'">release</DotNetFinalVersionKind>
@@ -43,7 +45,7 @@
     <MicrosoftDotNetRemoteExecutorVersion>5.0.0-beta.20071.3</MicrosoftDotNetRemoteExecutorVersion>
     <MicrosoftDotNetVersionToolsTasksVersion>5.0.0-beta.20071.3</MicrosoftDotNetVersionToolsTasksVersion>
     <!-- Installer dependencies -->
-    <MicrosoftNETCoreAppVersion>5.0.0-alpha.1.19562.8</MicrosoftNETCoreAppVersion>
+    <MicrosoftNETCoreAppVersion>5.0.0-alpha.1.20071.1</MicrosoftNETCoreAppVersion>
     <MicrosoftNETCoreDotNetHostVersion>5.0.0-alpha.1.19563.6</MicrosoftNETCoreDotNetHostVersion>
     <MicrosoftNETCoreDotNetHostPolicyVersion>5.0.0-alpha.1.19563.6</MicrosoftNETCoreDotNetHostPolicyVersion>
     <MicrosoftExtensionsDependencyModelVersion>2.1.0</MicrosoftExtensionsDependencyModelVersion>
diff --git a/src/installer/Directory.Build.props b/src/installer/Directory.Build.props
index 9670824f2a1285..51579dc628b5c3 100644
--- a/src/installer/Directory.Build.props
+++ b/src/installer/Directory.Build.props
@@ -13,6 +13,9 @@
   <PropertyGroup>
     <ArcadeSdkMSBuildProjectDir>$([System.IO.Path]::GetDirectoryName('$(ArcadeSdkBuildTasksAssembly)'))\..\</ArcadeSdkMSBuildProjectDir>
     <ArcadeSdkSignProject>$(ArcadeSdkMSBuildProjectDir)Sign.proj</ArcadeSdkSignProject>
+
+    <!-- Clear AssemblyVersion as we need to align with the NuGet conventions, when empty arcade will do that for us. -->
+    <AssemblyVersion />
   </PropertyGroup>
 
   <PropertyGroup Condition="'$(MSBuildProjectExtension)' == '.csproj'">
diff --git a/src/installer/test/Assets/TestUtils/TestProjects.props b/src/installer/test/Assets/TestUtils/TestProjects.props
index e75ada59052337..97993c19cf9774 100644
--- a/src/installer/test/Assets/TestUtils/TestProjects.props
+++ b/src/installer/test/Assets/TestUtils/TestProjects.props
@@ -15,6 +15,11 @@
       win-x86 tests that assumed a win-x64 app host RID based on the runner SDK.
     -->
     <AppHostRuntimeIdentifier>$(TestTargetRid)</AppHostRuntimeIdentifier>
+
+
+    <!-- Default AssemblyVersion for test projects. We need to set it as it is set for all projects
+         in Versions.props to match our product version scheme and test projects are sensitive to assembly versions -->
+    <AssemblyVersion>1.0.0.0</AssemblyVersion>
   </PropertyGroup>
 
 </Project>