Central Park - Fern

Developed by Meraas, who is part of the prestigious Dubai Holding company, Fern is the last phase of the ever popular Central Park in City Walk. The development was launched in Q4 2022 and comes in the form of a 22-storey high complex with a selection of stylish 1-4 bedroom apartments and 2 exclusive 4-bedroom duplex penthouses.

The size of properties available for purchase varies between 778 sq. ft and 8,945 sq. ft, with the layouts including 1 or more balconies, which will overlook a stunning park. At the same time, owners of 2-4 bedroom residences will also have a maid’s room with an attached bathroom at their full disposal. It is worth noting that for the utmost convenience of occupants, the opulent Fern penthouses will be complemented by a wide array of amenities, which include terraces, an office, a lounge area, a show kitchen and a dirty kitchen.

When residing in Fern, you will be able to fully enjoy a state-of-the-art fitness center and a gorgeous infinity pool with magnificent sea views. You will also be granted privileged access to a variety of unparalleled amenities within the luscious Central Park itself.

The initial purchase price for a 1-bedroom apartment in Fern at City Walk is AED 1.5M (USD 408K).

The Fern complex is situated a 10-minute walk away from the Dubai International Financial Center (DIFC), which is the thriving financial hub of Dubai. In fact, it houses the largest financial ecosystem of approximately 30,000 specialists being employed in over 3,600 active registered enterprises. This way, a property in Fern can become not only your own private residence, but also a profitable investment, as you can rent the acquired apartment to those individuals who are willing to reside within close proximity to their workplace.

As reported by Property Finder, 1-bedroom apartments in Fern will generate an average gross yield of a whopping 10.7%, as of Q4 2022. The initial rental price, meanwhile, in this area has reached AED 150K (USD 41K) per annum. You can consider using a property management service, which aims to facilitate the entire lease procedure for you as a landlord.

Another option is to resell the apartment once it is completed and benefit from a lucrative profit, as according to DXB Interact, values for ready apartments in City Walk grew by a whopping 101% y-o-y in September 2022. These indicators clearly demonstrate a great capital potential of the Fern properties.

Upon handover of Fern in Q3 2026, you will become eligible for a 3-year investor visa, where the required investment amount is set at a minimum of AED 750K (USD 750K). On the other hand, if you decide to invest a minimum of AED 2M (USD 545K), you can enjoy a 10-year Golden Visa, as per the UAE visa overhaul. Please note that both of these visa types apply exclusively to completed real estate.