Arady Developments to Launch Phase 2 Sales of Residential Units at ‘Central Park'

• Studios, One and Two Bedroom Apartments, as well as Two and Three Bedroom Duplexes and Penthouses to be Showcased at Cityscape Global Dubai

Dubai-UAE: 07 October, 2013 – Arady Developments LLC, a joint venture between Deyaar Development PJSC (Deyaar) and Dubai Properties Group, has announced plans to launch phase two sales of residential units in the prestigious ‘Central Park' project at the Dubai International Financial Centre (DIFC).

Arady Developments aims to highlight the wider selection of apartments at Cityscape Global, which runs from 8 – 10 October at the Dubai World Trade Centre. Arady will exhibit as part of the Deyaar Development stand 8A 10, in Hall No. 8 at the venue.

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 sq 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.

Visitors to the exhibition can also gain insights on the exclusive financing options extended by Dubai Islamic Bank (DIB) for the Central Park project. Through a special partnership with Arady, DIB offers up to 90 per cent financing for tenures extending up to 25 years for UAE nationals, and up to 84 per cent finance for expatriates. The profit rates on investment start from 3.74 per cent per annum.

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.

Following the partnership agreement between Deyaar and DPG, Deyaar will oversee the sales and marketing of the project.

For more details on the financing terms and processes for the Central Park residences at DIFC, please contact 800 339227. Floor plans and project layout for the Central Park Residences are accessible online at www.centralpark.ae.