Myrtle 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 Myrtle
Rooms
Size, sqm
Sale price, AED/sqm
Sale price, AED
1
81
29,036
2,350,000
2
172
27,560
4,740,000
Sales prices for completed properties in Myrtle
Rooms
Size, sqm
Sale price, AED/sqm
Sale price, AED
1
63
35,150
2,225,000
Rents in Myrtle
Rooms
Size, sqm
Rent, AED/sqm/ year
Rent, AED
1
63
1,905
120,000
The cap rate (rental yield) of investments into Myrtle project is 6.5% on average.
The price of an apartment in Myrtle is 31,713 AED/sqm on average.
The long term rent of an apartment in Myrtle is 1,905 AED/sqm/year on average.
Price for off-plan 1 bedroom apartment in Myrtle is 2,350,000 AED or 29,036 AED/sqm. Price for off-plan 2 bedroom apartment in Myrtle is 4,740,000 AED or 27,560 AED/sqm.
Price for completed 1 bedroom apartment in Myrtle is 2,225,000 AED or 35,150 AED/sqm.
Rent for 1 bedroom apartment in Myrtle is 120,000 AED or 1,905 AED/sqm.
About Myrtle
'Myrtle' in 'City Walk' area project description
Myrtle at Central Park is a contemporary residential development by Meraas Holding in the heart of City Walk, Dubai. This elegant building offers exclusive 1-, 2-, and 3-bedroom apartments with spacious terraces providing views of lush surrounding parks. Construction started in June 2022, with completion scheduled for June 2025.
Meraas Holding, a leading UAE developer known for innovative mixed-use communities and lifestyle destinations, created Myrtle as the newest addition to the car-free Central Park precinct. The architecture blends sleek modern design with natural elements, featuring well-lit interiors, expansive layouts, and a focus on comfort within a mid-rise structure (B+G+7+R configuration).
The layout emphasizes thoughtful details across various unit types, including Type B1 (1,492 sq ft, 2 beds), Type C1 (1,543 sq ft, 2 beds), Type D1 (1,850 sq ft, 3 beds), and others ranging from 680 to 1,850 sq ft. Apartments prioritize open spaces, natural light, and private terraces overlooking 47,937 sq m of greenery.
Amenities enhance urban living with swimming pools, shared pool access, kids' play areas, tennis and squash courts, yoga and meditation zones, health club, beach access, security, and proximity to restaurants. The development integrates into Central Park's green oasis, featuring a 24-meter-long park, international stores, upscale gourmet dining, luxury hotels, and the nearby Green Planet glass dome with rainforest exhibits.
Located in the dynamic City Walk neighborhood within Jumeirah District, Myrtle is 1 minute from City Walk Mall, 2 minutes from Dubai Arena (17,000 capacity), 15 minutes from Burj Al Arab, and 20 minutes from Dubai Marina. Beach access is available directly via community facilities, with Jumeirah Beach a short drive (about 10 minutes) through Al Wasl Road.
Myrtle combines luxury, convenience, and nature, fostering an active community lifestyle steps from high-end shopping, dining, and entertainment in one of Dubai's most vibrant urban hubs.