CENTRAL PARK PLAZA
About CENTRAL PARK PLAZA
Central Park Plaza in Dubai
The development division of Meraas Holding announced the launch of a new complex, Central Park Plaza in Dubai, UAE. The project is being built in the emirate’s prestigious City Walk neighbourhood, next to the large shopping plaza of the same name. It will comprise one- to four-bedroom flats, four-bedroom townhouses, and five-bedroom ultra-premium penthouses.
The total area of residential units varies from 81 to 877 sq. m. When buying a flat at the excavation stage in Central Park Plaza, the price from the developer will be AED 2.73 million (USD 743,50). The starting price of a townhouse is AED 19.5 million (USD 5.3 million). A penthouse in Central Park Plaza can be bought for AED 31.72 million (USD 8.64 million). The project is scheduled for commissioning in Q3 2027.
Central Park Plaza in City Walk
The new complex is located next to a major transport interchange. From the building, you can enter Sheikh Zayed Road, which runs along the Gulf Coast, in a matter of minutes. Within a 15-minute walk are:
- Coca-Cola Arena concert venue
- The Green Planet Greenhouse, where birds, reptiles, and sloths live under a glass dome
- City Walk shopping plaza
- Galleria Mall
- Smart Salem Medical Centre
- Canadian University
- Several bus stops
- Cafes and restaurants.
Burj Khalifa Metro Station can be reached on foot in 25 minutes. Downtown Dubai is 4 km away. The city centre can be reached by public transport or private car.
Project details
Benefits of buying property in Central Park Plaza
Privileges
The complex, consisting of two high-rise towers with a common podium, will be the final project in the prestigious Central Park green community. The building will have direct access to a picturesque park area, and the podium will be adorned with lush landscaped gardens. The ground floor will have a lobby with a lounge area and concierge service. Residents will have access to a wide range of premium amenities, including:
- Landscaped pool
- Shaded pool and play area for children
- Library
- Media content viewing room
- Games and recreation room
- Event room
- Co-working area
- Treadmill
- Fitness Centre
- Spa area and sauna
- Yoga and meditation area
- Outdoor courts for sports games.
Apartments in Central Park Plaza
Apartments in Central Park Plaza are available in four different layouts. The area ranges from 81 to 271 sq. m. Each residence will have:
- One or three balconies
- Entrance hall
- Living room in the same room as the dining area
- Open-plan kitchen with breakfast bar or kitchen island
- One to four bedrooms with built-in wardrobes or dressing rooms
- One to four bathrooms
- Laundry room
- Staff room (in three- and four-bedroom apartments).
Townhouses in Central Park Plaza
The new complex offers six townhouses with an area of 534–536 sq. m. Among the layout features are:
- Entrance hall with zen garden behind glass
- Open-plan kitchen with dining and living area
- Closed kitchen
- Laundry room
- Maid’s room
- Storage room
- Large terrace
- Four spacious bedrooms
- Four balconies.
Penthouses in Central Park Plaza
There are four ultra-premium penthouses available for purchase in the project, with an area of 670 to 877 sq. m. Their layouts include:
- Lobby with a guest bathroom
- Study
- Large dining room with an open kitchen
- Separate working kitchen
- Multipurpose room with a balcony
- Laundry room
- Storage room
- Maid’s room
- Five bedrooms with en-suite bathrooms, wardrobes or dressing rooms
- Three balconies.
Central Park Plaza by Meraas Holding
Today is the right time to buy a property in Central Park Plaza for investment. While the building is under construction, flats and townhouses can be paid for in instalments. By the time the work is completed, the cost of the property may increase to 20–30% of the original cost. Investors should take into account the annual increase in the cost of housing in Dubai. The projected price growth in the emirate for 2023 is 13.5%.
The property in the new complex will be perfect for renting out. The building is located in an attractive green area with good infrastructure, close to the city centre. The average profitability of the property in City Walk is 8.7% per annum. In Q3 of this year, the initial rental value here is AED 160,000 (USD 43,500) per annum.
City Walk is a real oasis in the heart of Dubai. The neighbourhood is characterised by an abundance of parks and landscaped gardens. The centre of the emirate can be reached in 5–10 minutes. The infrastructure is well developed here: there are medical clinics, shopping centres, supermarkets, pedestrian alleys, and much more.
