Under construction properties
Central Park Plaza
$8,634,700 — $10,770,200
  • Property types:
    Penthouse: 5 bedroom
  • Two-Year Price Appreciation:
    18%
  • District:

    City Walk

  • Developer:

    Meraas

  • Class of the property:
    "A"
  • Class of the district:
    "С"
  • Rating Masterpiece:
    4★
  • Reliability of the developer:
    5★
  • Down payment:
    20%
  • Payment plan:
    70/30
  • Completion date:
    Q4 2027

About district
Location
  • District

    City Walk

City Walk Dubai (also known as Citywalk) is an urban district developed by Meraas, which is located in the center of one of the most popular areas of Dubai; Jumeirah, close to some of the best beaches in the emirate. The total area of the district is ​​9,687,519 sq. ft. and combines elite residential and commercial real estate, as well as some of the coolest infrastructure for recreation and entertainment.


City Walk is famous for its exclusive shopping spots, luxury fashion boutiques, parks, walking areas and numerous bars and restaurants overlooking the iconic Burj Khalifa. The local street art is of great interest to tourists – the graffiti on the walls were created by world renowned artists from all around the world.


There are also children’s playgrounds, state-of-the-art fitness centers and a large platform for public events. Since the district is popular among tourists, there are many signs around the area which are there to help visitors easily find their required location.


City Walk belongs to freehold zones so foreign investors can purchase real estate here with unlimited ownership. The City Walk Dubai residential area is represented by 34 mid-rise buildings with glass facades, which are beautifully illuminated at night. There are multiple exclusive shops, restaurants and entertainment venues in the surrounding area as well.

Statistics by district
Unit cost
Sales price
Unit cost
Sales price per sqft

About developer

Meraas

Meeras is a private holding company headquartered in Dubai that is dedicated to projects and real estate development. Meraas, which has existed since 2007, has been part of Dubai Holding from 2020. The move was made in accordance with the Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, where the idea was to combine services, diversify the economy of Dubai and maximize its influence on the global market.


Nowadays Meraas Holding is one of the most well-known companies specializing in real estate in the Emirate. The Chairman of Meraas is Sheikh Ahmed bin Saeed Al Maktoum, one of the most remarkable individuals in Dubai. The company provides Dubai’s development with various projects in real estate, hospitality, leisure, food as well as other spheres. Meraas creates innovative projects in Dubai which are distinguished with a mix of Arabic and European styles.


Meraas has an immersive portfolio as the company has projects in exclusive areas such as Jumeirah Bay, Bluewaters Island and Dubailand. Among other successfully implemented projects are City Walk, The Beach, La Mer, the Outlet Village and much more. Meraas uses innovative technologies to make the lives of Dubai residents better.


Since its inception, Meraas Properties has developed over 80M sq.ft. of residential and commercial real estate in Dubai, including retail and 3,500 residential units. As one of the largest and most reliable developers in the UAE, Meraas is creating luxury residences and hotels in the most sought-after areas of the emirate

About building
About Central Park Plaza
Central Park Plaza at City Walk embodies the epitome of luxurious urban living, offering a unique blend of style, comfort, and convenience in one of Dubai's most sought-after locations.

Central Park Plaza boasts a prime location in City Walk, Dubai, offering breathtaking scenic vistas. Its position captures the essence of urban energy while providing exclusive luxury living.

Experience seamless luxury from the moment you arrive. The premium lobby connects spaces for work and relaxation, creating an atmosphere of sophistication. Residents can indulge in sun-kissed moments by the infinity pool and private outdoor spaces.

Central Park Plaza offers a diverse selection of residences, including 1 to 4-bedroom apartments, luxurious 3-storey penthouses with double-high ceilings, and exclusive 4-bedroom townhouses. Townhouses provide direct access to the park.

This development represents the final, most premium phase of apartments at Central Park. It stands out as the only residential offering in Dubai with an unrivaled range of active-lifestyle facilities, all within a lush, naturally green environment.

You can choose from a range of 1 to 4-bedroom apartments, townhouses, and penthouses, all adorned with the finest luxury fittings and finishes.

Central Park Plaza is ideally situated in the heart of Dubai's prestigious district, offering seamless access to Downtown Dubai and Business Bay via Sheikh Mohammed Bin Zayed Road. This prime location ensures a perfect blend of convenience and luxury living, with City Walk's vibrant amenities just moments away.
Features / Amenities
  • Parking
  • Private podium terrace
  • Infinity pool overlooking the park
  • Lush parkland & open lawn areas
  • Water features and interactive splash spaces
  • Fitness centre

  • Lobby lounges

  • Kids playground and outdoor activity areas
  • A private lounge area for residents

Apartment
Floor Plans
Penthouse, 5 bedroom / 7212 sqft — 9445 sqft
$8,634,700 — $10,770,200

Process of purchasing
Process of purchasing property
1
Step №1
We identify a suitable property that meets your needs and has promising potential for appreciation.
2
Step №2
We confirm the property's availability with the developer, keeping in mind that properties in Dubai can be snapped up quickly.
3
Step №3
Our team verifies the escrow accounts and the project card via the Dubai Land Department website.
4
Step №4
You place an Expression of Interest (refundable) or a Deposit (non-refundable) - 2-5% to provisionally reserve the property under your name. This deposit is paid into the developer's bank account.
5
Step №5
We complete and sign the Booking Form online.
6
Step №6
You transfer the remaining part of the initial payment (10-20%) within 1-2 weeks. This payment is also made to the developer's bank account.
7
Step №7
We handle the payment of the Dubai Land Department (DLD) fee, which amounts to 4% of the property value.
8
Step №8
You cover additional fees: the administration fee (580 AED) and OQOOD - temporary ownership certificate (2,100 AED for sale price below 500k - 4,200 AED for sale price above 500k).
9
Step №9
We sign the main Sales and Purchase Agreement (SPA) either remotely, at the developer's office, or via post. This typically occurs within 1-2 months.

Example of the agreement
10
Step №10
You continue with the remaining payments, which are made to the project's escrow account, until the handover or key collection.
11
Step №11
Upon completion of the full payment, you will receive the Title Deed - the ownership certificate (250 AED) and then proceed to take over the property and collect the keys.

Title Deed
Learn all the details about this project on the free zoom-consultation with our real estate advisor
As a result of the meeting, you'll receive:
Personalized investment strategy
Detailed Сash-on-cash calculation
Legal tax optimization options
Insights about mortgage and purchase process
Head office:
Office 213, 2 Floor, MSM 1 Building, Al Safa 1, Dubai, UAE
© 2024 Masterpiece Group. All Rights Reserved
E-mail:
Phone:
License №1092965
P.O. Box:
454924
Real estate investment agency and management company with over 13 years of experience in the Dubai market
Office 213, 2 Floor,
MSM 1 Building, Al Safa 1,
Dubai, UAE