MERAAS Central Park Plaza

Meraas Central Park Plaza is the final residential phase of Central Park at City Walk a park-centric urban community developed by Meraas, one of Dubai’s most design-forward master developers and a subsidiary of Dubai Holding. City Walk itself is a 3 million sq.ft open-air mixed-use destination in the Al Wasl district, set between Sheikh Zayed Road and Jumeirah Beach Road, bringing together luxury residences, international retail, fine dining, entertainment venues, and green promenades within a single pedestrianised precinct. Plaza is the culmination of the Central Park series: the community’s most prominent position, its most diverse unit mix, and the last address available at direct launch pricing. Once Plaza sells, no new launches will follow in this community.

Central Park Plaza spans two towers with 212 total units across four product types. Apartments range from 1-bedroom units at 875 sq. ft. to 4-bedroom configurations at 2,917 sq. ft. all featuring floor-to-ceiling sliding windows, spacious private balconies with park views, open-plan kitchens with integrated appliances, and built-in wardrobes. Six exclusive 4-bedroom townhouses offer direct park access with private gardens. The four 5-bedroom penthouses, three-storey residences with double-height ceilings, panoramic glass elevators, show kitchens, and rooftop private swimming pools reach 9,445 sq. ft. and represent some of the most significant private residences in the City Walk community. Units from 3-bedrooms upwards include a maid’s room.

Central Park at City Walk is built around a private, gated park a landscaped green corridor with a running track, outdoor gym, dog park, children’s play zones, multi-use sports lawns, yoga areas, and BBQ facilities. The park is the centrepiece of the community, with every residence in the series designed to face or overlook it. City Walk’s wider 3 million sq.ft precinct adds an open-air mall with over 200 international retail and dining brands, the 17,000-capacity Coca-Cola Arena, Al Wasl Plaza, and direct access to La Mer Beach. Tree-lined boulevards, pedestrian promenades, and outdoor art installations make City Walk one of the few addresses in Dubai where residents genuinely walk between home, park, dining, and entertainment rather than drive.

City Walk 1-bedroom apartments generate a gross rental yield of 8.7% one of the highest ROI figures for any established mid-city Dubai community. Starting rental income for 1-bedroom units in the area reaches AED 160,000 per year. Central Park Plaza’s entry price of AED 4.75 million means every unit in the development clears the AED 2 million threshold that qualifies buyers for the UAE’s 10-year Golden Visa. The 20/50/30 plan requires 20% on booking, 50% across construction milestones through 2026, and 30% at handover managing capital outlay across three years. Zero capital gains tax and zero income tax on rental income apply. Meraas holds all off-plan funds in RERA-regulated escrow. As the final phase of a six-building community with no upcoming launches, Plaza’s scarcity position in the secondary market will only strengthen post-handover.