CENTRAL PARK PLAZA

The area of the residences will range from 81 to 877 sq. m. The starting price of a flat at the construction stage is AED 2.73 million (USD 743,500). The premium penthouse is priced at AED 31.72 million (USD 8.64 million). The initial price of the townhouse is AED 19.5 million (USD 5.3 million). Completion is scheduled for Q3 2027.

Location

The complex is located a five-minute drive from the Downtown Dubai community. Nearby, there is a major highway interchange and exit to Sheikh Zayed Road, one of the largest roads in the emirate.

Within walking distance of the project are:

• The Green Planet indoor garden, where birds, reptiles, and sloths live in artificially recreated rainforest conditions;
• Galleria Mall;
• City Walk shopping mall;
• Smart Salem Medical Clinic;
• Canadian University Dubai.

The neighbourhood is well served by public transport. There are several bus stops near the complex. The nearest Burj Khalifa Metro Station is a 25-minute walk or a 5-minute car ride away.

Properties in Central Park Plaza for investments

Today is a good time to buy a home in Central Park Plaza: prices from the developer at the construction stage are the most favourable. As the work progresses, the cost of flats and townhouses will increase, and by the time the project is completed, it can increase up to 20%. An important advantage of investing in properties in Dubai is the annual price growth. It is expected that in 2023, the cost of housing in the emirate will increase by an average of 13.5%.

Investors can expect a good income from renting out ready-made flats. The City Walk area occupies an advantageous position near the centre of the emirate and has a well-developed infrastructure. All this makes the location popular among tenants. The return on investment in local property averages 8.7% per annum. Rental rates start at AED 160,000 (USD 43,500) per annum.