Dubai International Financial Centre, popularly known as DIFC, is a leading financial hub in the Middle East. It is home to MNCs and features a wide range of retail outlets, public green spaces, art galleries, hotels and restaurants. The increasing popularity of the district resulted in several residential developments taking shape.
Central Park Towers is a popular mixed-use project in DIFC aiming to set new standards in commercial office space and residential living. The two-tower complex has an office building and a residential tower, which is also known as the Central Park Residence Tower. Besides residential apartments and retail spaces, the complex has many restaurants, cafés and brand outlets within the boundaries. Hence, it is one of the most sought-after developments in DIFC. The Residential Tower offers 426 apartments,and the Office Tower has 892,026 sq. ft. of office space as exclusive finished offices, shell & core, fitted and furnished units.
Owned and developed as a joint venture between Dubai Asset Management, a member of Dubai Holding, and Deyaar Development PJSC, Central Park Towers Residences were launched in 2007 and completed in 2014. The project is known for its stunning architecture and the Residential Tower is no different. It stands 261 metres tall and the 48 floors feature luxury residential apartments in different configurations. The building is linked to the commercial tower via a landscaped podium that has a retail and leisure centre as well as the car parking area. Moreover, the project enjoys a prestigious location in the city along with close connectivity to Sheikh Zayed Road (E11), Burj Khalifa and Downtown Dubai.
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On-site parking in Central Park Residence Tower has 3,000 spaces. There are more than 300 spaces for visitor parking in Central Park Residence Tower where guests can reserve a spot for 3 hours for free.
There are high-speed elevators in Central Park Residence Tower.
The complex offers 24-hour security with advanced CCTV monitoring. Apartments have key card access and maintenance staff is dedicated to clean the floors and get rid of waste.
Residents can find a suitable space to create a memorable event. The Cube on P3 Level is ideal for receptions, networking events and art exhibitions. The Point on 43,44 & 45th floor is an empty space where you can plan things according to your preference. The Plaza is a large, modern, outdoor space offering panoramic views of the skyline, Downtown Dubai and DIFC.
There are two swimming pools and a gym in Central Park Residence Tower.
Besides the direct link to the Retail Area, there are prayer rooms and children's play area on the podium level. Moreover, there's free public Wi-Fi in common places and residents have access to the landscaped recreational public space.
There is an expansive triple-storey lobby where you can find 24-hour concierge services and help desk.
Apartments in Central Park have different sizes, configurations and floor plans.
You can view floor plans for Central Park Residence Tower in 2D and 3D formats on PropertyDigger's official website.
Apartments in Central Park Towers Residences, DIFC have tastefully designed modern finishes and spectacular floor-to-ceiling windows for awe-inspiring panoramic views of the community and the skyline.
There are 426 residential units in Central Park Towers Residences, Dubai. Interested tenants and homeowners can choose from a mix of studio to 2-bed apartments, 2 and 3-bedroom duplex units and triplex penthouses.
Studio flats in Central Park Residence Tower cover an area around 793.7 sq. ft. Each unit features a spacious living room, a bathroom with a built-in wardrobe and a well-equipped kitchen.
1-bed flats in Central Park Residence Tower have covered areas starting from 1,274.9 sq. ft. These units have a master bedroom, an en-suite bathroom, a dressing room, built-in closets, an American kitchen, a dining hall and a common bathroom.
2-bedroom apartments have covered areas of 1,848 sq. ft. while duplex units range from 1,601.6 sq. ft. to 2,099.6 sq. ft. Besides the two spacious bedrooms, a modern kitchen, a living area and fitted bathrooms, each unit has a big terrace overlooking Dubai's skyline. These apartments also have a powder room.
All 3-bedroom flats in Central Park Residence Tower are duplex units with covered areas ranging from 2,473.9 sq. ft. to 2,539.3 sq. ft. Smaller units feature three bedrooms with en-suite bathrooms and separate dressing areas, a sitting area and some extra space for laundry on the upper level. And there's a spacious dining room, an open-concept kitchen and a powder room downstairs. As for 3-bed apartments with larger layouts, each unit gets a grand outdoor space.
Penthouses in Central Park Residence Tower have covered areas ranging from 6,402.6 sq. ft. to 6,590.6 sq. ft. These are luxurious units ideal for those who fancy living in private units with a beautiful view. 3-bedroom penthouses are triplex units featuring a living and dining hall, a library or study room, a powder room, a furnished kitchen and a maid's room with the attached bathroom on Level 1. Upstairs, you find two bedrooms with en-suite bathrooms, a living area and a storeroom. Moreover, the top-most floor has a master bedroom with en-suite bathroom, a living area, a pantry and a terrace with Jacuzzi. These units also have separate lifts.
Based on searches conducted by users on PropertyDigger.com over the past 12 months
According to PropertyDigger, 2-bedroom units are the most popular apartment types in Central Park Residence Tower. 1-bedroom units get the second spot, 3-bed apartments come third and studios are the least popular apartment types in the residential tower.
Rents for apartments in Central Park Residence Tower lie in the mid-high ranges. Mainly due to the central location, stunning architecture, large living spaces and modern amenities, the asking rents are steep but totally worth it.
If you're looking for bigger units, you can rent 2-bed flats in Central Park Residence Tower for as low as AED 125k. The max you can expect to pay is around AED 164k. Rents are calculated and paid annually. Lastly, penthouses cost around AED 385k per annum. Residents can also rent apartments in DIFC starting from AED 44k.
Those looking to settle in the financial district can consider apartments for sale in Central Park Residence Tower. These are luxurious units offered at reasonable prices.
To buy larger units like 2-bedroom flats in Central Park Residence Tower, one must fork out around AED 1.95M to AED 3.2M while the sales price for 3-bed apartments varies from AED 4M to AED 5.5M.
If you want to buy a penthouse, it may cost around AED 11M. The asking price for flats for sale in DIFC ranges from AED 1.1M to AED 11M.
Based on searches conducted by users on PropertyDigger.com over the past 12 months
As per PropertyDigger's market research, 1-bed and 2-bedroom units generated the highest ROI of 6.5%. Studio apartments also offer a high return of 5.6% while 3-bed units generated 4.4% rental yield.
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Residents won't face difficulty in finding public transportation near Central Park Residence Tower.
A number of bus stands are also close-by such as Wasl ' Etisalat, Za'abeel, DAMAC Park Tower and Wasl Terminus.
Financial Centre Metro Station served by the Red Line is within walking distance.
Dining options for residents range from cafes, bars to fine dining. They can enjoy al fresco dining on P3 Level with spectacular views of the DIFC skyline and Burj Khalifa.
Cafes and restaurants in Central Park Residence Tower include:
If you want to head out, you can go to:
Zuma is one of the best restaurants in DIFC which offers authentic Japanese cuisine.
These options are accessible within a few minutes by car from Central Park Residence.
Residents can find Spinneys on the P2 Level. Other supermarkets near Central Park Residence Tower include:
All these options are at a short drive. You can get routine items from Al Maya Supermarket and Zoom while Choithrams can be considered for monthly grocery hauls. However, with Spinneys on the podium, you will hardly feel the need to go anywhere out.
Central Park Residence Tower is situated close to Park Towers, Bright Corner and Jumeirah Tower Building.
Nearby landmarks include:
Burj Khalifa is the world's tallest building which stands at 828m above the ground. The building is situated at a 10-minute drive away from Central Park Residence Tower, DIFC.
The Dubai Mall is a well-known tourist attraction that offers a variety of retail, entertainment and dining options. The extravagant shopping destination is 10 minutes from Central Park Residence Tower, Dubai.
Dubai Opera is a multi-format arts centre at a 12-minute drive away from the residential building. Developed by Emaar Properties, the venue has hosted several operas, concerts and theatre shows.
The sales price and rents of apartments in the complex are comparatively higher. However, the luxurious amenities, quality construction and the prime location justify the price tags. Also, Downtown Dubai along with key areas of DIFC are easily accessible from the tower making it a desirable choice for home hunters, investors and professionals alike.
