Myrtle is a residential project, launched in Q1 2022, at the coveted address of Central Park in City Walk. The project was developed by Meraas and comes in the shape of a 7-storey building with a collection of stylish 1 and 2-bedroom apartments. The total area of properties in Myrtle ranges from 667 sq. ft to 1,850 sq. ft. Each residence in Myrtle boasts a balcony or a terrace of 59 sq. ft-608 sq. ft, overlooking the luscious greenery surrounding the development. The layouts include a dressing room, a utility room and a storage room for the utmost convenience of homeowners.
Residents of Myrtle will be treated to a wide range of lifestyle amenities complemented by a private park right on their doorstep. These are as follows:
To find out more information regarding property prices, please register your interest on our website.
Myrtle in Central Park is conveniently located next to the Sheikh Zayed Road, ensuring an excellent commute by a private vehicle. In fact, it will be possible to reach destinations such as Business Bay, Dubai Creek Harbour, Za’abeel and Dubai International Airport in less than 20 minutes. Furthermore, there are multiple public transport links to be found within the immediate vicinity of Myrtle, which include:
The area of City Walk, where Myrtle is located, is famed for housing an array of trendy restaurants, cafes and bars, providing the ultimate dining and nightlife experiences. That being said, within a 5-minute walk, residents can visit Shisha House Coffee Shop, Zaroob, Pablo De’ Cafe and Wendy’s. Not forgetting just 15 minutes’ away is Gate Avenue in DIFC which features not only famous F&B venues, but also global fashion brands as well.
The area of City Walk, where Myrtle is located, is famed for housing an array of trendy restaurants, cafes and bars, providing the ultimate dining and nightlife experiences. That being said, within a 5-minute walk, residents can visit Shisha House Coffee Shop, Zaroob, Pablo De’ Cafe and Wendy’s. Not forgetting just 15 minutes’ away is Gate Avenue in DIFC which features not only famous F&B venues, but also global fashion brands as well.
The following social facilities are located within approximately the same distance as Gate Avenue:
The incredibly beautiful Museum of the Future, which is just a stone’s throw away, opened in Q1 2022 and is considered one of the most beautiful museums in the world by National Geographic. The futuristic landmark was created with the help of computer-controlled machine tools and boasts a manicured garden with 100 plant species at the front.
It will take about 25-30 minutes’ to reach a range of some of the most visited attractions in Dubai, such as:
Myrtle in Central Park is scheduled for completion in Q2 2025 and while it is being constructed, there is the opportunity to acquire an apartment here using a lucrative payment plan. This development is an excellent option for a private residence, but also for a commercial investment to generate a stable income. That being said, Myrtle is located a 15-minute walk away from the DIFC, which is the thriving financial hub of the MEASA region, with an independent, internationally-controlled regulator and judicial system, a common law framework, a tax- friendly regime and worldwide financial interchange. In 2021, this area recorded a whopping 996 company registrations, the highest ever recorded in a single year, as reported by Gulf Business.
Therefore, developments nearby, such as Myrtle in City Walk, will continue to witness a strong demand in terms of sales and leasing for those opting to reside within walking distance from their workplace. According to Property Finder, the gross rental yield rate in City Walk is 8.2%, which is one of the highest indicators in Dubai, whereas the starting rental price for a 1-bedroom apartment amounts to AED 119K (USD 32.4K) per annum, as of Q1 2022. Taking this information into account, it is safe to say that when investing in Myrtle, a quick payback and steady income are guaranteed.
Additionally, upon completion of Myrtle in Central Park, you become eligible for a 3-year investor visa, as the minimum qualifying amount is set at AED 750K (USD 205K). This visa can be renewed multiple times and provides the option of family sponsorship, allowing its holder to relocate their children and spouse to the country.
Located in City Walk
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