Overview

Property Description

With 147 residential units, as well as 1 retail space, Thyme is a 10-storey residential building by Meraas in Central Park, City Walk. Each apartment in Thyme will come with 1 or more balconies, a utility room and a lobby, while select layouts will include a closet. In addition to the maid's room, owners of three and four-bedroom properties will have full access to them. The development will overlook a lush park with an abundance of greenery whilst still being set within the heart of the vibrant neighbourhood of City Walk. The initial cost of a 1-bedroom apartment in Thyme is AED 2.1M (USD 571K). Additionally, Central Park offers Erin, Fern, Laurel, Castleton and Myrtle, which are in high demand among local and international buyers. *Prices are valid for 2023 only An important benefit of the complex is its proximity to the Dubai International Financial Center (DIFC), which is scheduled for completion in Q3 2026. Nearly 30,000 specialists work in the zone, as of Q1 2023, making it the leading financial hub in the MEASA region. Those who prefer to live on their own or with their families in a well-established community close to their workplace will find Thyme to be a perfect fit. According to Property Finder, the average gross yield for 1-bedroom apartments in City Walk is 9.2%, making Thyme a lucrative rental choice. The initial rental rates are AED 150K (USD 41K) per year, as of May 2023, the highest in the emirate. Thus, if you rent your property in Thyme, you will be able to generate a steady cash flow and get a rapid return on your investment. A two-year residential visa is available for AED 750K (USD 204K) or more if you invest in Thyme real estate. You will be eligible for all the perks of a 10-year Golden Visa if the purchase price exceeds AED 2M (USD 545K), including an Esaad card, which offers a range of discounts and promotions.

Features & Amenities

Location