Overview

Property Description

Plaza is a contemporary 2-tower residential complex in Central Park, City Walk, nestled near the Coca-Cola Arena. It is the last phase of Central Park, providing you with the last chance to buy here. 212 units are available for purchase in total, including 1-4 bedroom apartments, six 4-bedroom townhouses with park access, and four 5-bedroom penthouses. Property areas range between 875 sq. ft. and 9,445 sq. ft. The key features of the premium residences include fully-equipped open kitchens, built-in wardrobes in the bedrooms, sliding windows and spacious balconies. The penthouses come with a show kitchen, a private swimming pool on the rooftop terrace, a panoramic glass elevator, and more. Please note that 3-5 bedroom units also include a maid’s room. There are currently apartments for sale in Plaza starting at AED 2.73M (USD 743K), a spacious townhouse starting at AED 19.5M (USD 5.3M), and a luxury penthouse starting at AED 31.72M (USD 8.6M). *Prices are valid for 2023 Plaza is scheduled for completion in Q3 2027. While the complex is off-plan, you can take advantage of a 70/30 payment plan. You pay 20% as a booking fee, 50% during construction, and 30% after handover. A typical 1-bedroom apartment in City Walk produces a gross return of 8.7%, demonstrating strong investment potential for Plaza real estate. As of Q3 2023, the starting rental price is AED 160K (USD 43K), compared to AED 150K (USD 41K) in Q2. This indicates that the rental cost in City Walk is increasing, demonstrating a lucrative opportunity to earn decent passive income. The Golden visa is valid for 10 years and covers your spouse and children.

Location