Construction

48-storey residential tower features in Central Park’s kitty

Construction of tower 80% complete

Central Park consists of over 1.57 million square feet of commercial and residential space

A 48 storey residential tower has been announced as part of the Central Park project at DIFC, undertaken by Arady Developments LLC, a joint venture between Deyaar Development PJSC and Dubai Properties Group.
A premium high-rise living structure, construction of the tower is 80% complete and includes facilities such as a podium-level landscaped courtyard, swimming pools in addition to exclusive shopping and dining outlets.
Central Park sprawls over more than 1.57 million square feet of commercial and residential space.
The handover of the residential tower is scheduled for the second half of 2014 with sales expected to begin mid-September, and Arady Developments LLC will oversee the sales.
Sales are expected to start at Dh. 1500 ($408) per square foot.
Arif Mubarak, chief executive officer at Arady Developments LLC said: “Central Park has been launched at an opportune time, when Dubai is experiencing growth and has proven its status as one of the most profitable locations for investment. It caters to the growing needs of companies and individuals alike for such niche spaces. We are confident that the experience of living at Central Park will surpass residents’ expectations and offer an attractive investment opportunity.”
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