Central Park - Building 1 in City Walk - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Central Park - Building 1

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	137	30,299	4,150,000

Sales prices for completed properties in Central Park - Building 1

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	156	34,194	5,350,000

Rents in Central Park - Building 1

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	120	1,820	217,500
2	143	1,801	257,500
3	203	1,872	380,000

The cap rate (rental yield) of investments into Central Park - Building 1 project is 5.6% on average.

The price of an apartment in Central Park - Building 1 is 32,247 AED/sqm on average.

The long term rent of an apartment in Central Park - Building 1 is 1,827 AED/sqm/year on average.

Price for off-plan 2 bedroom apartment in Central Park - Building 1 is 4,150,000 AED or 30,299 AED/sqm.

Price for completed 2 bedroom apartment in Central Park - Building 1 is 5,350,000 AED or 34,194 AED/sqm.

Rent for 1 bedroom apartment in Central Park - Building 1 is 217,500 AED or 1,820 AED/sqm.
Rent for 2 bedroom apartment in Central Park - Building 1 is 257,500 AED or 1,801 AED/sqm.
Rent for 3 bedroom apartment in Central Park - Building 1 is 380,000 AED or 1,872 AED/sqm.

About Central Park - Building 1

'Central Park - Building 1' in 'City Walk' area project description

Central Park - Building 1 is a nine-storey low-rise residential tower within the Central Park development in Dubai's vibrant City Walk district in Al Wasl, Jumeirah. Developed by Meraas, it forms part of a larger community of 12 mid-rise buildings encircling a 45,000 square meter private park and 516,000 square feet of lush greenery, reimagining urban living as an urban jungle with seamless integration of nature and city life.

Construction started in June 2019 and completed in June 2022, with handover in Q3 2022. The architecture features sleek, contemporary glass-fronted designs with flowing open-plan layouts, high-quality finishes, and expansive views of the central park and Dubai skyline. Residences include 1-bedroom units (988 sq ft), 2-bedroom (1,545 sq ft), 3-bedroom (2,230 sq ft), 4-bedroom (4,380 sq ft), and luxury penthouses up to 5 bedrooms.

The layout centers on a gated mid-rise community with Building 1 as the first phase launched. Apartments emphasize spaciousness, natural light, and greenery integration, surrounded by landscaped areas that blur urban and natural boundaries.

Amenities cater to all ages and include an adults pool, kids pool, gym with changing rooms, childrens play area, multi-purpose room, two F&B outlets, retail units, and abundant landscaping. The central park offers expansive green spaces rare in Dubai's urban core.

Strategically located between Jumeirah Street (D94) and Sheikh Zayed Road (E11), it provides excellent connectivity. Dubai International Airport (DXB) is a 14-minute drive, Al Maktoum International Airport 43 minutes. Key landmarks are nearby: Dubai Mall (6 minutes drive), Palm Jumeirah (18 minutes), Burj Al Arab (16 minutes), The Walk JBR (21 minutes). Hotels with nightlife and dining are within walking distance. The Dubai Petroleum Corporation 1 bus stop is nearby for public transport.

To reach the beach, drive 15-20 minutes to Jumeirah Beach or Umm Suqeim Beach via Al Wasl Road, or slightly longer to JBR Beach.

Nearby projects in City Walk and surrounds include Meraas developments like Verve, Laurel, Fern, Crestlane, and Castleton within Central Park phases. Broader Meraas master communities encompass Jumeirah Bay Island (BVLGARI Residences, BVLGARI Marina Lofts, Amalfi Villas) and Port De La Mer. The area buzzes with entertainment, dining, and retail hubs.

The market positions Central Park - Building 1 as a premium ready-handover option in a high-demand, lifestyle-driven neighborhood, appealing to families and professionals seeking green urban luxury close to Dubai's icons.