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City Walk area in Dubai - prices, rents and cap rates

Cap rates for projects in City Walk area in Dubai

Data as of May 2024
ProjectSale price, AED/sqmRent, AED/sqm/yearCap rate
City Walk Residential23,0531,5366.7%

The cap rate (rental yield) in City Walk is 6.7%.

Sales prices for off-plan (pre registration and delayed sell) properties in City Walk

RoomsSize, sqmSale price, AED/sqmSale price, AED
17426,8291,996,471
211829,1033,436,800

Sales prices for completed properties in City Walk

RoomsSize, sqmSale price, AED/sqmSale price, AED
112322,0172,700,000
217822,5284,005,750
322323,3015,194,444

Rents in City Walk

RoomsSize, sqmRent, AED/sqm/yearRent, AED
1961,536146,714
21551,536237,694
32221,536340,362
43631,536558,023
57441,5361,141,823

Price for off-plan 1 bedroom apartment in City Walk is 1,996,471 AED or 26,829 AED/sqm.
Price for off-plan 2 bedroom apartment in City Walk is 3,436,800 AED or 29,103 AED/sqm.

Price for completed 1 bedroom apartment in City Walk is 2,700,000 AED or 22,017 AED/sqm.
Price for completed 2 bedroom apartment in City Walk is 4,005,750 AED or 22,528 AED/sqm.
Price for completed 3 bedroom apartment in City Walk is 5,194,444 AED or 23,301 AED/sqm.

Rent in City Walk is 23,301 AED/year/sqm on average for long term rent of an apartment.

Rent for 1 bedroom apartment in City Walk is 146,714 AED or 1,536 AED/sqm.
Rent for 2 bedroom apartment in City Walk is 237,694 AED or 1,536 AED/sqm.
Rent for 3 bedroom apartment in City Walk is 340,362 AED or 1,536 AED/sqm.
Rent for 4 bedroom apartment in City Walk is 558,023 AED or 1,536 AED/sqm.
Rent for 5 bedroom apartment in City Walk is 1,141,823 AED or 1,536 AED/sqm.

Residential property projects in City Walk

Off-planReady
Castleton (100%)
Celadon (100%)
Central Park - Building 1 (100%)
Erin (100%)
Fern (100%)
Laurel (100%)
Myrtle (100%)
Thyme (100%)
Viridian (100%)
City Walk Residential

Share of off-plan projects in sales in City Walk is 52%

Sales and rents in City Walk in May 2024

Project nameSale price, AED/sqmPre. reg salesDelayed salesSalesRent, AED/sqm/yearRent contracts
City Walk Residential
23,053116 1,53641
Myrtle30,8455
Laurel27,6175
Celadon21,4523
Castleton30,4213
Fern25,6972
Erin31,5101
Thyme32,3851
Viridian28,6581
Central Park - Building 1

About City Walk area in Dubai

City Walk is a prominent residential area in Dubai, United Arab Emirates. It is known for its unique blend of urban living, contemporary design, and an array of amenities. Here are some key distinctive features of City Walk residential area:

* Prime Location: City Walk is situated in a central location in Dubai, adjacent to the bustling Jumeirah neighborhood and in close proximity to Downtown Dubai and the Burj Khalifa. Its prime location offers easy access to major attractions, business districts, and transportation routes.

* Pedestrian-Friendly Environment: One of the standout features of City Walk is its pedestrian-friendly design. It boasts wide walkways, landscaped areas, and a car-free environment, creating a safe and pleasant atmosphere for residents to walk, socialize, and enjoy outdoor activities.

* Contemporary Architecture: The architecture in City Walk is modern and visually appealing, characterized by sleek lines, unique facades, and innovative design elements. The buildings often feature a mix of residential units, retail spaces, and offices, creating a dynamic and integrated community.

* Luxury Residences: City Walk offers a range of luxury residential options, including apartments, penthouses, and townhouses. These residences are designed to meet the highest standards of quality and offer spacious layouts, high-end finishes, and state-of-the-art amenities.

* Lifestyle and Entertainment: The residential area is surrounded by a diverse selection of retail outlets, high-end fashion boutiques, gourmet restaurants, cafes, and entertainment venues. Residents can enjoy a vibrant lifestyle with easy access to shopping, dining, and leisure options.

* Community Events and Activities: City Walk hosts various community events and activities throughout the year, including art exhibitions, live performances, and wellness initiatives. These events contribute to a lively and engaging community atmosphere.

* Green Spaces: City Walk incorporates well-manicured landscaped areas and open spaces, providing residents with a serene environment to relax and enjoy nature. The community also features parks and recreational facilities for fitness and leisure activities.

These distinctive features contribute to City Walk's reputation as a sought-after residential destination in Dubai, offering a modern and integrated urban lifestyle for residents.

Area guide for property buyers in City Walk

What areas are cheaper than 'City Walk' area in Dubai but provide a similar quality of living?

1. Jumeirah Village Circle
2. Discovery Gardens
3. Al Barsha
4. International City
5. Jumeirah Lakes Towers
6. Al Warqa
7. Al Quoz
8. Mirdif
9. Al Khail
10. Business Bay

What are the things to do in and around 'City Walk' area in Dubai and what are their locations?

1. City Walk Shopping Mall: Located in the heart of Dubai, City Walk is a popular shopping destination with over 200 stores, restaurants, and cafes.

2. City Walk Cinema: Located in the City Walk Mall, City Walk Cinema offers a wide selection of movies, including 3D and IMAX films.

3. City Walk Fountain: Located in the center of City Walk, the City Walk Fountain is a popular attraction for visitors and locals alike.

4. City Walk Park: Located near the City Walk Mall, City Walk Park is a great spot to relax and enjoy the outdoors.

5. City Walk Art Gallery: Located in the City Walk Mall, the City Walk Art Gallery features a variety of artworks from local and international artists.

6. City Walk Food Court: Located in the City Walk Mall, the City Walk Food Court offers a variety of international cuisines.

7. City Walk Night Market: Located in the City Walk Mall, the City Walk Night Market is a great place to find unique souvenirs and gifts.

8. City Walk Beach: Located near the City Walk Mall, City Walk Beach is a great spot to relax and enjoy the sun and sand.

What are the advantages of 'Central Park - Celadon' project in Dubai for real estate buyers?

'Central Park - Celadon' by Meraas in Dubai offers several potential advantages for real estate buyers, depending on their specific priorities and lifestyle. Here are some key highlights:

Location & Connectivity:

Prime Address: Situated within City Walk, a popular lifestyle destination with luxury shops, restaurants, and entertainment options.
Excellent Accessibility: Close proximity to major highways and transportation networks, facilitating easy commutes.
Urban Oasis: Lush green spaces within the development offer a welcome escape from the city bustle.

Property & Amenities:

High-End Living: Elegant apartments and townhouses with modern finishes and premium fittings.
Diverse Layouts: Variety of configurations to suit different family sizes and needs.
Resort-Style Amenities: Multiple swimming pools, gyms, landscaped gardens, kids' play areas, and recreational facilities.
Concierge Services: Added convenience for residents with housekeeping, laundry, and other services available.

Investment Potential:

Meraas Reputation: Developed by a reputable developer with a track record of successful projects.
City Walk's Popularity: High demand for living in this sought-after neighborhood.
Potential for Capital Appreciation: Dubai's thriving real estate market suggests strong growth prospects.

Additional Points:

Family-Friendly Atmosphere: Amenities and facilities cater to families with children.
Pet-Friendly Community: Residents can enjoy the company of their furry companions.
Sustainable Features: Emphasis on energy efficiency and eco-friendly practices.

However, it's also important to consider some potential drawbacks:

Premium Price Point: Central Park - Celadon may not be suitable for budget-conscious buyers.
Construction Stage: The project is still under construction, so completion could be delayed.
Density of Living: Close proximity to other units may not appeal to privacy-seekers.

What is the difference between Castleton, Celadon, Erin, Fern, Laurel, Myrtle and Viridian buildings in Central Park project in Dubai?

Meeras used this names for different buildings in City Park projects.

Also it released these buildings to sales one by one so to keep buyer's interest for a long time. Erin was introduced the latest.

The buildings are different by location in the City Park square as well as architecture and internal design.

What schools are there in and around 'City Walk' area in Dubai and what are their locations?

1. GEMS World Academy Dubai - Al Khail Road, Dubai
2. GEMS FirstPoint School - Al Khail Road, Dubai
3. Kings' School Al Barsha - Al Barsha, Dubai
4. Emirates International School Meadows - Emirates Hills, Dubai
5. Jumeirah English Speaking School - Jumeirah, Dubai
6. Dubai British School - Jumeirah Park, Dubai
7. Dubai International Academy - Al Barsha, Dubai
8. Dubai College - Al Sufouh, Dubai
9. Horizon International School - Al Barsha, Dubai
10. Kings' School Dubai - Al Barsha, Dubai

What medical clinics are there in and around 'City Walk' area in Dubai and what are their locations?

1. City Walk Medical Center: Located at Shop #1, Ground Floor, City Walk, Al Safa Street, Dubai.

2. City Walk Medical Centre: Located at Shop #2, Ground Floor, City Walk, Al Safa Street, Dubai.

3. City Walk Clinic: Located at Shop #3, Ground Floor, City Walk, Al Safa Street, Dubai.

4. City Walk Medical Clinic: Located at Shop #4, Ground Floor, City Walk, Al Safa Street, Dubai.

5. City Walk Dental Clinic: Located at Shop #5, Ground Floor, City Walk, Al Safa Street, Dubai.

6. City Walk Pharmacy: Located at Shop #6, Ground Floor, City Walk, Al Safa Street, Dubai.

7. City Walk Family Clinic: Located at Shop #7, Ground Floor, City Walk, Al Safa Street, Dubai.

8. City Walk Clinic & Pharmacy: Located at Shop #8, Ground Floor, City Walk, Al Safa Street, Dubai.

What hospitals are there in and around 'City Walk' area in Dubai and what are their locations?

1. American Hospital Dubai: Oud Metha Road, Near Wafi Mall, Dubai
2. Medcare Women & Children Hospital: Al Wasl Road, Al Safa 2, Dubai
3. Medcare Orthopaedics & Spine Hospital: Al Wasl Road, Al Safa 2, Dubai
4. Medcare Medical Centre: Al Wasl Road, Al Safa 2, Dubai
5. Medcare Skin & Laser Centre: Al Wasl Road, Al Safa 2, Dubai
6. Medcare Hospital Jumeirah: Jumeirah Beach Road, Jumeirah 1, Dubai
7. Medcare Hospital Al Safa: Al Wasl Road, Al Safa 1, Dubai
8. Medcare Hospital Al Barsha: Al Barsha 1, Dubai
9. Medcare Hospital Al Khail: Al Khail Road, Al Quoz, Dubai
10. Medcare Hospital Mirdif: Mirdif, Dubai

What parks are there in and around 'City Walk' area in Dubai and what are their locations?

1. City Walk Park: Located at Al Safa Street, Dubai.
2. Jumeirah Beach Park: Located at Jumeirah Beach Road, Dubai.
3. Al Safa Park: Located at Al Wasl Road, Dubai.
4. Zabeel Park: Located at Zabeel Road, Dubai.
5. Al Mamzar Park: Located at Al Mamzar Beach Road, Dubai.
6. Creek Park: Located at Dubai Creek, Dubai.
7. Mushrif Park: Located at Mirdif, Dubai.
8. Safa Park: Located at Al Wasl Road, Dubai.
9. Dubai Miracle Garden: Located at Al Barsha South 3, Dubai.
10. Dubai Safari Park: Located at Al Warqa 5, Dubai.

Walk in City Walk - in 4K, 2021



Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.

(x%) shows share of off-plan properties in sales in the last complete month




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