Central Park is a residential complex comprising two skyscrapers. The developer, Meraas, offers future residents comfortable living conditions near the Coca-Cola Arena. Central Park – Plaza is the final phase of the entire project, offering a total of 212 residences, including apartments with 1-4 bedrooms, six four-bedroom townhouses with park access, and four five-bedroom penthouses. The size of the future properties ranges from 81 to 877 square meters.
Prospective owners can expect premium-class properties equipped with everything necessary for comfort, including open kitchens, built-in furniture, panoramic windows, and cozy balconies. The penthouses are equipped with demonstration kitchens, pool terraces, and panoramic elevators. Residences with 3-5 bedrooms will have staff rooms.
Construction of Central Park – Plaza is planned to be completed by the third quarter of 2027. Currently, property can be acquired with a 70/30 payment plan. The initial down payment is 20%, during the construction phase the owner pays 50%, and the remainder upon project completion. Properties in this complex have high investment potential, with an average ROI of 8.7% for one-bedroom apartments. Rental prices in this area are continuously increasing: for instance, in the third quarter of 2023, it was AED 160 thousand, while in the second quarter it was AED 150 thousand.
Investing in the purchase of Central Park – Plaza grants the opportunity to obtain a ‘Golden Visa’ with the right to residency for 10 years. This visa extends not only to the owner but also to their family and household staff.
