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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 September 2024| Project | Sale price, AED/sqm | Rent, AED/sqm/ year | Cap rate |
|---|---|---|---|
| City Walk Residential | 23,537 | 1,619 | 6.9% |
The cap rate (rental yield) in City Walk is 6.9%.
Sales prices for off-plan (pre registration and delayed sell) properties in City Walk
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| 1 | 73 | 24,871 | 1,803,333 |
| 2 | 129 | 27,866 | 3,592,571 |
Sales prices for completed properties in City Walk
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| 1 | 132 | 18,237 | 2,400,000 |
| 2 | 170 | 24,640 | 4,182,857 |
| 3 | 235 | 23,014 | 5,406,033 |
Rents in City Walk
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| 1 | 122 | 1,516 | 184,286 |
| 2 | 166 | 1,647 | 274,091 |
| 3 | 217 | 1,629 | 352,857 |
| 4 | 370 | 1,649 | 610,000 |
Price for off-plan 1 bedroom apartment in City Walk is 1,803,333 AED or 24,871 AED/sqm.
Price for off-plan 2 bedroom apartment in City Walk is 3,592,571 AED or 27,866 AED/sqm.
Price for completed 1 bedroom apartment in City Walk is 2,400,000 AED or 18,237 AED/sqm.
Price for completed 2 bedroom apartment in City Walk is 4,182,857 AED or 24,640 AED/sqm.
Price for completed 3 bedroom apartment in City Walk is 5,406,033 AED or 23,014 AED/sqm.
Rent in City Walk is 23,014 AED/sqm/year on average for long term rent of an apartment.
Rent for 1 bedroom apartment in City Walk is 184,286 AED or 1,516 AED/sqm.
Rent for 2 bedroom apartment in City Walk is 274,091 AED or 1,647 AED/sqm.
Rent for 3 bedroom apartment in City Walk is 352,857 AED or 1,629 AED/sqm.
Rent for 4 bedroom apartment in City Walk is 610,000 AED or 1,649 AED/sqm.
Residential property projects in City Walk
| Off-plan | Ready |
|---|---|
| Castleton (100%) Celadon (100%) Central Park - Building 1 (75%) 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 49%
Sales and rents in City Walk in October 2024
| Project name | Sale price, AED/sqm | Pre. reg sales | Delayed sales | Sales | Rent, AED/sqm/ year | Rent contracts |
|---|---|---|---|---|---|---|
| City Walk Residential | 23,537 | 13 | 1,619 | 27 | ||
| Central Park - Building 1 | 29,375 | 2 | ||||
| Erin | 25,542 | 2 | ||||
| Castleton | 28,017 | 2 | ||||
| Myrtle | 28,326 | 1 | ||||
| Laurel | 26,912 | 1 | ||||
| Fern | 23,744 | 1 | ||||
| Celadon | 25,445 | 1 | ||||
| Thyme | ||||||
| Viridian |
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.
* 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 Circle2. 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, Dubai2. 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, Dubai2. 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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