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Sun 1 Sep 2013 08:05 PM

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Deyaar, DPG JV launches DIFC tower project

Arady Developments announces launch of 48-storey residential tower in Central Park project

Deyaar, DPG JV launches DIFC tower project
The Central Park project will be built in the DIFC.

Arady Developments, a joint venture between Deyaar Development and Dubai Properties Group, on Sunday announced the launch of its 48-storey residential tower, part of the 'Central Park' project at the Dubai International Financial Centre.

Nearly 80 percent complete, the tower comprises 426 apartments and features a podium-level landscaped courtyard, swimming pools, as well as exclusive shopping and dining outlets.

Arif Mubarak, CEO at Arady Developments 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," he added.

Central Park comprises over 1.57 million sq ft 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.

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