Iconic Central Park at DIFC to Release Last-available Selection of Upscale Residential Units

• Premium Show Apartments Available at On-site Venue, including Studios, One-Bedroom and Two Bedroom Selections

Dubai-UAE: 19 March, 2014 – Arady Developments LLC, a joint venture between Deyaar Development PJSC (Deyaar) and Dubai Properties Group (DPG), is set to release the final ensemble of high-end residential units of its iconic ‘Central Park’ mixed-used development located at the Dubai International Financial Centre (DIFC).

Sales of the remaining Central Park residential units will open on 23 March, and run till the end of the month. The on-site sales venue will offer potential buyers a chance to view mock-up apartments from among the units available. The developer is confident of high investor interest from across the region towards its inventory of upscale living spaces at Central Park residences.

Arif Mubarak, Chief Executive Officer, Arady Developments, said: “The Central Park residential tower is fast moving towards completion, and we now have a product that investors can see and experience. We believe the project supersedes the available residential options in the area, with the quality and value it holds as a centrally-located home, or an investment prospect. The concluding sales window will give our network of buyers, from across the GCC and other countries, the time and opportunity to choose an apartment that best suits their needs.”

Spread across nearly 575,000 sq feet, the Central Park residential tower comprises 426 apartments. Of these, a selection of unique spacious studios, one-bedroom, two bedroom apartments have been made ready for the upcoming sales event. The residential tower features ultra-modern facilities such as a podium-level landscaped courtyard, swimming pools, as well as exclusive shopping and dining outlets.

Interested buyers will have access to financing support from the Dubai Islamic Bank (DIB), Arady’s dedicated financial partner for the Central Park project. Notably, 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.

Following the partnership agreement between Deyaar and DPG, Deyaar will oversee the sales and marketing of the project.
Located in a prime residential area in close proximity to attractions in Downtown Dubai, and well-connected to the proposed venue for Expo 2020, the 1.57 million sq ft Central Park project is insightfully conceptualised to reflect the upscale lifestyle and enterprising spirit of its residents.
For more details on the financing terms and processes for the Central Park residences at DIFC, please contact 800 339227. Floor plans and the project layout for the Central Park Residences are accessible online at www.centralpark.ae.