Central Park - Thyme
About Thyme
(sq. ft.)
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Thyme is a 10-storey residential complex by Meraas in Central Park, City Walk. The development offers a selection of 1–4 bedroom apartments between 765 sq. ft–3,850 sq. ft, with a total of 147 residential units, in addition to 1 retail space.
Each apartment in Thyme will come with 1 or more balconies, a utility room and a lobby, whilst select layouts will feature a closet. Additionally, owners of 3-4 bedroom properties will have a maid’s room at their full disposal. The development will overlook a luscious park with an abundance of greenery whilst still being set within the heart of the vibrant neighbourhood of City Walk.
Occupants of Thyme will have full access to an array of world-class amenities right on their doorstep, including:
- Swimming pool
- Children’s pool
- Gym
- Lush leafy spaces
- Residents-only park
When residing in Thyme, one will be granted unlimited access to all the offerings of Central Park itself. These include a basketball half-court, a children’s nursery, a dog park, an events area, and games tables, just to name a few.
Property Information
- Location City Walk, Dubai, UAE
- Developer Meraas
- Status of Project In progress
- Type of Project Residential Tower
- Available Units 1-4BR Apartments
- Area from 765 sq. ft.
- Total Amount of Units 147
- Payment Plan 70/30
Floor Plans of Central Park - Thyme
Apartment
Type:
1 Bedroom
Total Area:
765 sq. ft.
Starting Price:
Ask for Price
Apartment
Type:
2 Bedrooms
Total Area:
1,175 sq. ft.
Starting Price:
Ask for Price
Apartment
Type:
3 Bedrooms
Total Area:
1,850 sq. ft.
Starting Price:
Ask for Price
Apartment
Type:
4 Bedrooms
Total Area:
3,750 sq. ft.
Starting Price:
Ask for Price
Reflection Floor Plans
| Floor Plan | Type | Unit Type | Category | Total Area | Starting prices |
|
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1 Bedroom | Apartment | 765 sq. ft. | Ask for Price | |
|
1 Bedroom | Apartment | 850 sq. ft. | Ask for Price | |
|
|
2 Bedrooms | Apartment | 1,175 sq. ft. | Ask for Price | |
|
2 Bedrooms | Apartment | 1,350 sq. ft. | Ask for Price | |
|
|
3 Bedrooms | Apartment | 1,850 sq. ft. | Ask for Price | |
|
3 Bedrooms | Apartment | 2,542 sq. ft. | Ask for Price | |
|
|
4 Bedrooms | Apartment | 3,750 sq. ft. | Ask for Price |
Property Prices
As of May 2023, the initial cost for a 1-bedroom apartment in Thyme is AED 2.1M (USD 571K).
Besides Thyme, Central Park houses Erin, Fern, Laurel, Castleton and Myrtle, which are in strong demand among both local and international homebuyers.
*The price is valid for 2023
Payment Plan
Location
Thyme at Central Park boasts close proximity to the Sheikh Zayed Road, enabling its residents to easily travel around the rest of the emirate. Within just a 20-minute drive of the complex, one can reach Za’abeel, Business Bay and Dubai International Airport, among other popular destinations. Thyme is also surrounded by a well-developed public transport infrastructure, as there are Rostamani Tower, Emirates Tower Metro Station and Financial Center Station transport links nearby.
Within a radius of a 15-minute walk, there is an array of outstanding academic institutions, grocery stores and banks. These are as follows:
- Emirates NBD
- LIFE Pharmacy – Doha
- Ora – Nursery Dubai, Hummingbird Pre-School DIFC, Canadian University Dubai
- Choithrams DIFC, Zoom Supermarket
- American Hospital Jumeirah Clinic
On top of that, there is an abundance of popular attractions located within walking distance which offer various leisure activities for all ages. These venues include the Coca-Cola Arena, Museum of the Future and The Green Planet, among others.
Economic Appeal
The anticipated completion date of Thyme is planned for Q3 2026. One of the key benefits of the complex is its close proximity to the Dubai International Financial Center (DIFC). This is a leading financial hub for the MEASA region, counting nearly 30,000 specialists working in the zone, as of Q1 2023. Therefore, Thyme will be a perfect option for those opting to live on their own or with their families in a well-established community, next to their place of work.
Taking the information above into consideration, Thyme will be a lucrative option to rent. According to Property Finder, the average gross yield for 1-bedroom apartments in City Walk is a thumping 9.2%, which is one of the highest in the emirate. The initial rental rates stand at AED 150K (USD 41K) per annum, as of May 2023. As a result, when renting your property in Thyme, you will be able to get a rapid payback and generate a steady cash flow.
Through real estate investment in Thyme, you become eligible for a 2-year residential visa priced at AED 750K (USD 204K) or more. If the cost of the acquired property amounts to more than AED 2M (USD 545K), you will have the opportunity to enjoy all the perks of a 10-year Golden Visa, including an Esaad card which includes multiple promotions and discounts.
*The price is valid for 2023
FAQ
Thyme is being developed by Meraas.
Thyme is located in Central Park oin City Walk.
One can choose from a variety of 1–4 bedroom apartments.
Thyme is scheduled for completion in Q3 2026.
Meraas Holding offers a 70/30 payment plan, with a 20% booking fee.
As of May 2023, an apartment in Thyme can be acquired for a minimum of AED 1.59M (USD 433K).
Yes, you can have a long-term visa; its validity will depend on the price of your investment.
You become eligible either for a 2-year visa priced at AED 750K (USD 204K) and above, or a 10-year Golden Visa for a minimum investment of AED 2M (USD 545K).
Citizens of any country are allowed to buy real estate in Thyme, as it sits within the freehold category.
Apartments in Thyme are an excellent investment, since 1-bedroom units in City Walk generate an average gross ROI of 9.2%. The initial rental cost stands at AED 150K (USD 41K) per annum, as of May 2023. Such indicators guarantee a lucrative rental income and demonstrate the strong investment potential of Thyme.
Thyme is a great place for living in Dubai for young couples and families with children, thanks to its close proximity to iconic attractions and direct access to a large park. Single professionals will also appreciate this complex, as it is located within close distance of the DIFC.
Central Park boasts easy access to public transport links, including Rostamani Tower, Emirates Tower Metro Station and Financial Center Station, ensuring excellent connectivity to the rest of the emirate. Additionally, just a few steps away, one can reach Zoom Supermarket, American Hospital Jumeirah Clinic and Ora – Nursery Dubai, among many other essential facilities.
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Metropolitan Premium Properties
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