Dubai Local Time

New 48 storey Central Park tower to go on sale from mid-September

A joint venture between Deyaar Development and Dubai Properties Group, namely, Arady Developments, has announced the launch of a new 48-storey residential tower, which forms part of its prestigious Central Park project at Dubai International Financial Centre (DIFC).


Located in prime residential area, in proximity to Emirates Towers, Dubai Mall, Burj Khalifa and the Financial Centre Metro Station, the Central Park residences are well-conceptualised to reflect modern lifestyle and enterprising spirit of its residents.


Spread across 575,000 square feet, the tower comprises 426 apartment including plush studios, single and double bedroom apartments, and double and triple bedroom duplex and triplex penthouses.


The tower is almost 80 percent complete and features the best in next-generation, with premium high-rise living offering state-of-the-art amenities such as podium-level landscaped courtyard, swimming pools, and exclusive shopping and dining outlets.


According to CEO at Arady Developments, Arif Mubarak, the Central Park project has been launched at the right time when Dubai is witnessing growth and has already proven its position to be the most profitable location for investment. Central Park is an excellent high-value investment option from two respected developers in the UAE, and caters to needs of companies and individuals alike, who seek niche spaces.


Unlike in any other project, Central Park comprises more than 1.57mn square feet of commercial and residential space. The handover of residential tower is due for second half of 2014 with sales likely to begin by mid-September.


Arady Development is likely to monitor sale of the project.


Posted on 3/9/2013


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