‘Central Park' at DIFC to Feature 48-Storey Residential Tower

Arady Developments Brings Premium Living to Heart of City

Dubai-UAE: 01 September, 2013 – Arady Developments LLC, a joint venture between Deyaar Development PJSC (Deyaar) and Dubai Properties Group, today announced the launch of its 48-storey residential tower, a part of the prestigious ‘Central Park' project at the Dubai International Financial Centre (DIFC).

Located in a prime residential area in close proximity to Dubai Mall, Emirates Towers, Burj Khalifa and the Financial Centre metro station, the Central Park residences are insightfully conceptualised to reflect the upscale lifestyle and enterprising spirit of its residents. Spread across nearly 575,000 square feet, the tower comprises 426 apartments including plush studios, one and two bedroom apartments, as well as two and three bedroom duplex and triplex penthouses.

Nearly 80 per cent complete, the tower features the finest in next-generation, premium high-rise living, including ultra-modern facilities such as a podium-level landscaped courtyard, swimming pools, as well as exclusive shopping and dining outlets.

Arif Mubarak, Chief Executive Officer at Arady Developments LLC said: “Central Park has been launched at an opportune time, when Dubai is experiencing growth and has proven its status as one of the most profitable locations for investment. Central Park is an outstanding high-value investment opportunity from two of the UAE's respected developers. It caters to the growing needs of companies and individuals alike for such niche spaces. We are confident that the experience of living at Central Park will surpass residents' expectations and offer an attractive investment opportunity.”

Unlike any other project in the DIFC district, Central Park comprises over 1.57 million square feet of commercial and residential space. The handover of the residential tower is scheduled for the second half of 2014 with sales expected to begin mid-September. Arady Developments LLC, established in 2007 following a partnership agreement between Deyaar and DPG, will oversee the sale of the project.