Overview

Property Description

Myrtle is a residential project, which was launched in Q1 2022, at the coveted address of Central Park in City Walk. Developed by Meraas, the building features a collection of stylish one and two-bedroom apartments. The total area of the properties ranges from 667 sq. ft. to 1,850 sq. ft. Each residence in Myrtle boasts a balcony or terrace of 59 sq. ft. to 608 sq. ft., overlooking the lush greenery surrounding the development.. For homeowners' convenience, the layouts include a dressing room, a utility room, and a storage room. On our website, you can register your interest to receive more information about property prices. In Q2 2025, Myrtle in Central Park is expected to be completed, and you can purchase an apartment here using a lucrative payment plan during construction. As well as offering a private residence, this development is also an excellent commercial investment that generates a steady income.. That being said, Myrtle is located a 15-minute walk away from the DIFC, which is the thriving financial hub of the MEASA region, with an independent, internationally-controlled regulator and judicial system, a common law framework, a tax-friendly regime, and worldwide financial interchange. A staggering 996 companies were registered in this area in 2021, according to Gulf Business, the highest number ever recorded. As a result, developments in the surrounding area, such as Myrtle in City Walk, will continue to see a strong demand from people who wish to live within walking distance from their workplace. As of Q1 2022, the gross rental yield rate for a 1-bedroom apartment in City Walk is 8.2%, one of the highest rates in Dubai, while the starting rental price for a 1-bedroom apartment is AED 119K (USD 32.4K).. Considering this information, a quick payback and steady income are guaranteed when investing in Myrtle. AED 750K (USD 205K) is the minimum qualifying amount for a 3-year investor visa once you complete Myrtle in Central Park. With this visa, the holder has the option of relocating his or her children and spouse to the country, and the visa can be renewed multiple times. *Prices are valid until 2022

Features & Amenities

Location