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Mon 9 Sep 2013 02:14 PM

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Deyaar, DPG JV to launch sales of new Dubai tower project

Arady Developments to invite investors to sales event in Dubai on September 14-15

Deyaar, DPG JV to launch sales of new Dubai tower project
The Central Park project will be built in the DIFC.

Arady Developments, a joint venture between Deyaar Development and Dubai Properties Group, has announced a two-day sales event for its 48-storey residential tower, part of its Central Park project at Dubai International Financial Centre.

The JV said in a statement that it is set to release a limited number of units for the sales launch at the Ritz-Carlton Hotel in DIFC on September 14-15.

The Central Park residential tower will be spread across nearly 575,000 sq ft and will comprise 426 apartments.

The tower is part of Arady's ambitious Central Park project, a development spanning over 1.57 million sq ft of commercial and residential space.

The residential tower comprises studio, one and two bedroom apartments, as well as two and three bedroom duplex, and triplex penthouses. The project is scheduled for completion in the second half of 2014, the statement said.

Details on the floor plans and project layout are accessible online at

Further information on prices, payment plans and availability of the apartments will be provided at the sales event, the statement said.

Arif Mubarak, CEO, Arady Developments, said: "We are positive that the sales event will attract a good number of potential buyers. The project is an outstanding high-value investment opportunity, catering to the needs of companies and individuals alike for such niche spaces.

"We are confident that the residential tower at DIFC will provide an inimitable living experience to residents looking for a smart address."

Deyaar will manage the sales and marketing of Central Park, while Dubai Properties Group will oversee the development of the project.

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