Central Park Dubai, nestled within the vibrant City Walk district, has witnessed remarkable growth in property values since its inception. This surge is attributed to strategic developments, high demand, and the allure of urban green spaces.

Price Evolution Across Central Park's Buildings

Since its launch, Central Park has seen significant appreciation in property prices. In 2020, the average price per square foot was approximately AED 1,850. By the end of 2024, this figure is projected to rise to between AED 2,500 and AED 3,200 per square foot, indicating an appreciation of up to 80%. Notably, the Verve building sold out within two hours at a rate of AED 3,000 per square foot, underscoring the high demand and investor confidence in the development.

fäm Properties' Transactions in Central Park

As a leading real estate agency, fäm Properties has been instrumental in facilitating numerous transactions within Central Park. Between January and June 2024, 174 resale transactions were registered, nearly matching the total of 176 transactions for the entire year of 2023. This surge reflects a robust market and the growing appeal of Central Park as a prime residential destination.

Meraas' Latest Launch: Crestlane

In February 2025, Meraas unveiled Crestlane at City Walk, a premium residential development designed for those seeking an elevated urban lifestyle. Crestlane offers a diverse range of living options, including 1, 2, 3, and 4-bedroom apartments, each crafted with high-quality finishes and modern designs. Strategically located near Downtown Dubai, DIFC, and Jumeirah Beach, Crestlane provides residents with unparalleled access to key city attractions.

Impact of City Walk's New Phase on Property Values

The expansion of City Walk, highlighted by developments like Crestlane, is poised to enhance the value of properties within both Central Park and the broader City Walk area. The introduction of waterfront living, combined with modern amenities and strategic urban planning, is expected to attract a diverse range of residents and investors. This influx is anticipated to drive demand, leading to increased property values and solidifying City Walk's reputation as a premier lifestyle destination in Dubai.

In Numbers

• Crestlane launched and sold out in 3 hours at AED 3,100/sq.ft (total of 394 units).
• Central Park is selling at an average of AED 2,700/sq.ft with 216 sales in 2024 (average capital appreciation of 25%).
• City Walk is selling at an average of AED 2,500/sq.ft with 260 sales in 2024 (average capital appreciation of 20%).

The Only Way is Up!

Central Park Dubai's property market has experienced substantial growth, fueled by strategic developments, high demand, and the continuous evolution of the City Walk district. With the introduction of new projects like Crestlane, the area is set to witness further appreciation, offering promising opportunities for investors and residents alike. We highly recommend buying in Central Park now. The new City Walk phase has over 20 buildings, all to be launched at higher prices than the previous ones.

For further information about market trends and investment opportunities, contact Gonzalo Rearte at +971 52 211 2862 or [email protected].