Central Park - Laurel
About Central Park - Laurel
(sq. ft.)
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Released by Meraas in Q3 2022, Laurel is the fifth phase of the Central Park community in City Walk. The development offers more than 200 units in total, namely upscale 1-4 bedroom apartments and 2 exclusive penthouses with superior finishes and spacious layouts.
Each property will feature 1 or more balconies with a stunning view of the surrounding luscious park, in addition to a maid’s room with an attached bathroom in 3-4 bedroom properties and select 2-bedroom residences. The size of apartments in Laurel ranges from 680 sq. ft to 3,200 sq. ft.
As well as all the above, Laurel will be equipped with a range of lifestyle amenities, which include, but are not limited to:
- Retail unit
- Swimming pool
- Children’s pool
- Fitness center
- Leafy spaces
Not forgetting exclusive access to a 262-ft long park, which is a residents’-only venue, offering plenty of activities for both adults and children alike. That being said, the park will be complemented with a pet park, outdoor sport facilities, playgrounds and activity areas, interactive splash spaces, unique water features, expansive lawns and a resident clubhouse.
Prospective real estate buyers will also be keen to learn about an abundance of activities within Central Park itself. These are as follows:
- Events area
- Outdoor BBQ areas
- Nursery
- Picnic pavilions
- Function rooms
- F&B and retail outlets
- Yoga and meditation spaces
- Spa and sauna
- Outdoor gym and fitness station
- Games tables
- Skate-able landscape
- Half-court basketball court
- Tennis and squash courts
- Multi-use games and sports lawns
- Running track
- Children’s play area
- Water play areas and swimming pools
Property Information
- Location City Walk, Dubai, UAE
- Developer Meraas
- Status of Project In progress
- Type of Project Residential Building
- Units 1-4BR
- Area from 680 sq. ft.
- Total Amount of Units 200+
- Payment Plan 50/50
Floor Plans of Central Park - Laurel
Apartment
Type:
1 Bedroom
Total Area:
680 sq. ft.
Starting Price:
1,500,000 AED
Apartment
Type:
2 Bedrooms
Total Area:
1,125 sq. ft.
Starting Price:
2,570,000 AED
Apartment
Type:
3 Bedrooms
Total Area:
1,700 sq. ft.
Starting Price:
4,080,000 AED
Apartment
Type:
4 Bedrooms
Total Area:
2,900 sq. ft.
Starting Price:
8,800,000 AED
Property Prices
The starting price for a 1-bedroom apartment in Laurel at Central Park is AED 1.5M (USD 408K).
If you are interested in acquiring a property in the Central Park community, you can also check out its previous phases: Viridian, Celadon, Myrtle and Castleton.
*The price is valid for 2022
Payment Plan
Location
Laurel is situated within close proximity to the Sheikh Zayed Road, which is one of the most essential highways in Dubai. That being said, potential occupants will be able to benefit from hassle-free travel around the city, with Business Bay, Za’abeel and Dubai International Airport accessible within under 20 minutes. There are also plenty of public transport stations within walking distance of Laurel, such as Rostamani Tower, Emirates Towers Metro Station and Financial Center Station, among many others.
At the same time, within a 15-minute walk, residents of Laurel will be able to reach the following social amenities:
- Zoom Supermarket
- Choithrams DIFC
- Emirates NBD
- Ora – Nursery Dubai
- Hummingbird Pre-School DIFC
- LIFE Pharmacy – Doha
The Museum of the Future, which was named one of the most beautiful museums in the world by National Geographic, can be found within the same distance. Created with the help of computer-controlled machine tools, the museum exterior boasts Arabic inscriptions on its facade and a stunning garden with 100 plant species, among other defining features.
Additionally, some of the most iconic Dubai attractions are accessible within 10-15 minutes from the development. These are The Dubai Mall, The Dubai Fountain, Dubai Opera, the Burj Khalifa and many more.
Economic Appeal
Expected for completion in Q4 2025, Laurel in Central Park is nestled just a 10-minute from the DIFC, which is the leading financial hub of the MEASA region. The DIFC houses the region’s biggest financial ecosystem of nearly 30,000 professionals being employed across more than 3,600 active registered companies, as reported by the ZAWYA portal. As a result, it is safe to say that properties in Laurel are an attractive option not only for private use, but also for the purpose of the subsequent lease to those opting to live within the immediate vicinity of their workplaces.
According to Property Finder, the average gross yield for 1-bedroom apartments in City Walk has reached a thumping 9.7%, as of Q3 2023, which is one of the highest indicators in Dubai. At the same time, the starting rental cost for a 1-bedroom property in this area is AED 137K (USD 37K) per annum. To facilitate the process of renting out an apartment, it is worth checking out our property management service.
When purchasing a completed property worth at least AED 750K (USD 205K), you will be able to benefit from a 3-year investor visa. This means that upon the scheduled handover of Laurel, you will be able to enjoy all the perks of having an Emirati residency. If you decide to buy an apartment in Laurel, priced at a minimum of AED 2M (USD 545K), you will become eligible for a 10-year Golden Visa.
*The price is valid for 2022
FAQ
Central Park at City Walk is planned to be completed in 2025. There is an opportunity to follow an attractive payment plan.
Future owners of Central Park at City Walk can choose a residence from 1–4 bedroom apartments and penthouses with different layouts.
City Walk is located in a prestigious neighbourhood on Al Safa Street, which is north of the Sheikh Zayed Road and south of Jumeirah Beach Road. The area is within close proximity to Downtown Dubai, which houses popular sights such as Dubai Mall and the Burj Khalifa.
City Walk is a popular entertainment and leisure hub which attracts many residents and visitors in Dubai. Here you will feel the atmosphere of a 'city within a city' and enjoy a harmonious lifestyle, as well as being able to shop and dine with your family and friends.
Apart from branded retail outlets and gourmet dining options, you will find a range of premium entertainment venues in City Walk, including an indoor tropical rainforest bio-dome called The Green Planet, Roxy Cinemas, an indoor play area for little visitors and their families named La La Land, NoWayOut with top escape rooms in Dubai, and the Coca Cola Arena with a capacity of 17,000, where various sport events, concerts and shows take place every week.
Buying a real estate unit during the launch phase of a development and then reselling it after the completion of construction, is a great way to generate a profit. Another option for investors is renting residences out for long-term or short-term periods. In this case, Metropolitan Premium Properties brokers will help you to find tenants, solve any legal issues and transfer money to your account.
Becoming an owner of a property with a cost from AED 750,000 (USD 204,000), will enable you and your family to apply for a 2-year investor visa. A 10-year Golden Visa is given to those who purchase a residential unit with a cost from AED 2,000,000 (USD 545,000), as well as the ability to sponsor their family members and household staff.
Metropolitan Premium Properties brokers will assist you in preparing all the documents, getting a mortgage through a local bank - if it’s necessary, as well as lead you till the end of transaction.
The starting price of a studio in City Walk is AED 649,000 (USD 177,000). A 1-bedroom apartment will cost from AED 1,199,000 (USD 326,000), while the price of a 5-bedroom penthouse is from AED 9,160,000 (USD 2,494,000).
At the moment, City Walk offers 34 residential buildings, which are ideal for couples, single professionals and families with children. Due to the fact that it's a developed area, City Walk is one of the most attractive areas among local citizens and foreign buyers.
City Walk in Dubai is being developed by Meraas, who is one of the leading Emirati developers known for projects such as Bluewaters Bay, Nad Al Sheba Gardens and Port de La Mer.
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