Central Park at City Walk residential complex in Dubai
Real estate in City Walk, Dubai, will allow buyers to live in the heart of Dubai, close to the beaches. Buying apartments in Dubai in this residential complex means making a potentially highly profitable investment. The neighbourhood is very popular with tourists and permanent residents of the country. Its development will be completed soon. Central Park at City Walk is a great way to save and increase your capital.
The favourable location of the complex, the large number of property options, and the impeccable reputation of Meraas noticeably distinguish Central Park at City Walk from other real estate offers in Dubai.
Central Park at City Walk includes 12 mid-rise residential buildings and a private park. The buyer can choose from one-, two-, three-, and four-bedroom apartments. These are premium new buildings with excellent infrastructure. The complex is highly in demand among tenants who prefer to be close to the city centre. The return on investment is estimated by experts to be more than 7%.
Properties in Central Park at City Walk
Property in Central Park at City Walk can be purchased in instalments. The down payment is 10%. The project will be commissioned in 2025. At the handover of the apartment, the buyer must pay 50% of the purchase price. The developer will receive the remaining amount once fulfilling all his obligations. It’s possible to request a long-term instalment plan for the remaining 40% of the cost. Foreigners can get a mortgage loan from a UAE bank.
The area of each building of this premium residential complex is over 700,000 m². The minimum cost of a one-room apartment is AED 1.2 million ($327,000). The minimum area of units is 62 m². Once the construction is completed, the buyer becomes an owner of a freehold property and is eligible for an investor visa which allows you to travel to the UAE and reside in the country for at least three years.
Types of properties in Central Park at City Walk
When choosing an apartment in Central Park at City Walk, you need to consider the additional options of the property you are interested in. E.g., four-bedroom apartments have a floor plan with five bathrooms, a maid’s room, and a spacious terrace. One-bedroom apartments can be as big as two-bedroom apartments. The construction of the first house out of the planned 12, with nine residential floors, is currently coming to an end.
Buyers are offered 12 floor plan options:
- a 95 m² one-bedroom apartment, floors one, two and nine, nine units.
- a 147.5 m² one-bedroom apartment, floor one, one unit.
- a 103 m² one-bedroom apartment with a terrace, floor one, one unit.
- a 150 m² two-bedroom apartment, floors one, two and nine, nine units.
- a 135 m² two-bedroom apartment, floors one to nine, 48 units.
- a 186 m² two-bedroom apartment, floor one, one unit.
- a 192 m² two-bedroom apartment, floor one, one unit.
- a 321 m² three-bedroom apartment with a terrace, floor one, one unit.
- a 223 m² three-bedroom apartment, floors one and two, five units.
- a 199 m² three-bedroom apartment, floors two and seven, two units.
- a 361 m² four-bedroom apartment with a terrace, floor seven, one unit.
- a 493 m² four-bedroom apartment with a terrace, floor seven, one unit.
- a 324 m² four-bedroom apartment with a terrace, floor eight, one unit.
You may notice that a significant part of the offers are spacious two-bedroom apartments. Each bedroom has its own bathroom, and there’s a separate guest bathroom. The price of these apartments starts at AED1.8 million ($495,000).
The developer announced that penthouses may be included in the following buildings of the residential complex should there be a demand. The penthouse price and floor plan are available on request.
