Overview

Property Description

Developed by Meraas, a member of Dubai Holding, Fern is the last phase of Central Park in City Walk, which was launched in Q4 2022. In addition to the stylish 1-4 bedroom apartments, there are two exclusive 4-bedroom duplex penthouses available in the 22-storey high complex. The size of properties available for purchase varies between 778 sq. ft. and 8,945 sq. ft., with the layouts including one or more balconies overlooking a stunning park. Additionally, owners of 2-4 bedroom residences will have access to a maid's room with an attached bathroom.. Fern penthouses will feature an array of amenities, including terraces, an office, a lounge area, a show kitchen and a dirty kitchen, for the convenience of occupants. At Fern, you can enjoy a state-of-the-art fitness center and an infinity pool with splendid sea views, as well as a wide range of unparalleled amenities within Central Park. Fern at City Walk is priced at AED 1.5M (USD 408K) for a 1-bedroom apartment. *Prices are valid through 2022 A 10-minute walk from the Dubai International Financial Center (DIFC), the thriving financial hub of Dubai, lies the Fern complex. Over 3,600 registered enterprises employ more than 30,000 specialists in this region, making it one of the world's largest financial ecosystems.. Fern can become not only your private residence, but also a profitable investment since you can rent it out to those who wish to live near their workplaces. By Q4 2022, one-bedroom apartments in Fern will generate an average gross yield of 10.7%, according to Property Finder. The initial rental price in this area, however, has reached AED 150K (USD 41K) per year. As a landlord, you may want to consider using a property management service, which helps you with the entire lease process. Once the apartment is completed, it can also be resold and profit from a lucrative profit, as DXB Interact reported in September 2022 that the value of ready apartments in City Walk grew by a whopping 101% y-o-y. Fern properties clearly have an impressive capital potential, as shown by these indicators. Upon handover of Fern in Q3 2026, you will be eligible for a 3-year investor visa, with a minimum investment of AED 750K (USD 750K). In contrast, as per the UAE visa overhaul, if you invest a minimum of AED 2M (USD 545K), you will be eligible for a 10-year Golden Visa. Both visa types are valid only on completed real estate.

Features & Amenities

Location