Park Central

Park Central is a 16-storey residential complex located in Business Bay, Dubai. The community has a mix of commercial and residential buildings. Commissioned in 2012, the project was developed by DAMAC Properties, and the architectural design was implemented by H2A & Sakly Architects. The building was originally built as a business center, and then it was converted into a residential complex during its construction.

There are a total of 120 residential units, including studios and one- to two-bedroom apartments that range in size from 339 sq. ft. to 1,266 sq. ft. Studios have sleeping areas, open-plan kitchens, and bathrooms. One-bedroom apartments consist of master bedrooms, bathrooms, powder rooms, balconies, and separate kitchens. All units have large windows that offer beautiful views of the surrounding area. Two-bedroom apartments have additional bathrooms, living rooms, walk-in closets, and dining areas.

Real estate in Business Bay attracts both investors and long-term tenants. Park Central offers many profitable investment opportunities. Studios have an average return on investment rate of 7.9%. One-bedroom apartments have a return rate of 7.2%, and two-bedroom apartments have a return rate of 6.4%. The annual rental rate for a one-bedroom apartment ranges from AED 40,000 to 50,000 (USD 11,000 to 13,500).