Central Park - Building 1
- Completed 2021
- 11 floors
- 5 lifts
- 250 parking bays
- 1 pool
- Master developer Citywalk Residential 1
A 2 bed in Central Park - Building 1 costs a median AED 4.29M, rents long-let for AED 238,500/yr (5.5% gross), and returns 5.5% short-term at the assumed 70% occupancy.
2 bed · typical price
4.29MAED
AED 2,923/sqft · +9.6% on a year
- Rent a year
- AED 238,500
- Gross yield
- 5.5%
- vs City Walk
- 4% below the median
Cost to buy, all inAED 4.56M
- Price
- AED 4.29M
- DLD fee 4%
- AED 171,800
- Agent 2% + VAT
- AED 90,195
- Trustee
- AED 4,200
Fees repaid by rent13 months
Is Central Park - Building 1 a good investment?Prices rising; the rent pays below the Dubai median and lots of new supply is coming
- Does it pay a good rent?5.5% gross, before the service charge (not on file) (Dubai median 6.8%)5.5%Watch
- Are rents going up?New 2 bed leases: AED 250,000 a year ago, AED 238,500 now (pooled across the project)-4.6%
- Are prices going up?2 bed: AED 2,668/sqft a year ago, 2,923 now+9.6%Strength
- How fast do fees pay back?AED 266,195 in fees to buy a 2 bed; rent covers it in 1.1 years1.1 yrs
- Can I sell easily?12 sales in 12 months, 7% of the tower (40 the year before)12Fair
- Is a lot being built nearby?1,042 apartments are planned in City Walk from 2026 to 2028, equal to 99% of the 1,056 homes let there today. City Walk supply by year →99%Watch
- Did earlier buyers gain?Up 87% for buyers 5 years ago; up 82% for launch buyers, before fees+87.5%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Central Park - Building 1 prices and rents by unit typeA two-bed costs about AED 4.29M and rents for about AED 238,500 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
2 bed · price per sqft · City Walk · area median AED 3,033/sqft
- 12-month change
- +9.6%
- 3 years
- +42.5% · +12.5%/yr
- 5 years
- +79.3% · +12.4%/yr
- vs area median
- -3.6%
- Rank by price per sqft
- 15th of 22
- Off-plan price gain, 2019–2024
- +73.4% · +13.0%/yr
Rental income
2 bed · City Walk
- Gross yield
- 5.5%
- Median new rent
- AED 238,500/yr
- Yield vs area median
- +0.0 pts
- Yield vs Dubai (6.8%)
- -1.2 pts
- Renewal rent
- AED 220,500/yr
- New tenants pay vs sitting (13 renewals)
- +8.2%
Short-term income
2 bed · 70% occupancy · 7-night stays
- Median nightly rate
- AED 1,218
- Net revenue
- AED 238,212/yr
- vs long-let rent
- 1.0×
- Listings seen
- 1+
Read with care
- Rental data covers the whole Central Park at City Walk -Building 1 project, not this tower alone.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, 2 bed: Sep 2019, AED 2,429,700; latest, Jun 2026, AED 3,692,500; peak, Nov 2025, AED 4,610,000. Rent on new leases: Mar 2011, AED 62,680 a year; latest, Sep 2026, AED 100,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 3,011 · before fees
- Launch, 2019–24
- 1,650
- +82%
- 95 sales
- 5 years ago
- 1,606
- +87%
- 82 sales
- 3 years ago
- 2,021
- +49%
- 40 sales
- Previous 12 months
- 2,708
- +11%
- 40 sales
- Last 12 months
- 3,011
- today
- 12 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
12 resales in the last 12 months, against 37 a year on average over 2023–2025.
12 resales in the last 12 months.
Short-term rates around Central Park - Building 1
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in City Walk
Every City Walk building with a page, ranked by price per sqft over the same 12 months, all unit types. Central Park - Building 1 places 15th of 43; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Central Park - Building 1 (AED 3,011/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Central Park - Building 1 has registered sale prices 4% below the City Walk median price per square foot of 3,033 AED, across 22 eligible buildings. It ranks 15th of 22 by price per square foot in City Walk.
Market context in City Walk
Registered sales activity
265 ready apartment sales in the 12 months to 2026-10-12.
+5.7% in median AED/sqft versus the preceding year, supported by 265 current and 222 prior price observations.
Explore sales activityPlanned apartment projects
212 known registered units across 1 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,042 apartments are planned in City Walk from 2026 to 2028, equal to 99% of the 1,056 homes let there today.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About Central Park - Building 1
Central Park - Building 1 is an apartment building completed in 2021 by Citywalk Residential 1 in City Walk. 305 sales are registered with the Dubai Land Department.
The building, as registered
- Floors
- 11
- Lifts
- 5
- Parking bays
- 250
- Pools
- 1
- Master developer
- Citywalk Residential 1
Drive times · typical
- Downtown
- 11 min · 3.6 km
- DXB Airport
- 15 min · 15 km
- DIFC
- 8 min · 5.3 km
- Dubai Marina
- 20 min · 20 km
- Palm Jumeirah
- 26 min · 25 km
Nearest, as registered
- Metro
- Burj Khalifa / Dubai Mall Metro Station
- Mall
- Dubai Mall
- Landmark
- Burj Khalifa
Central Park - Building 1: AED 3,011 per sq ft, 4% above the median City Walk building, and a 5.1% gross yield, below the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Central Park - Building 1AED 3,011
- City Walk, readyAED 2,677
- City Walk, off-planAED 3,331
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Central Park - Building 1City Walk median building
- City Walk5.1% vs 5.1%
More from Citywalk Residential 1
Citywalk Residential Building 18A
City Walk · 70 sales, 12 months
4.80M
AED, resale median · 2,669/sqft
Erin
City Walk · 31 sales, 12 months
2.60M
AED, resale median · 2,919/sqft
Myrtle
City Walk · 31 sales, 12 months
2.30M
AED, resale median · 3,036/sqft
Castleton
City Walk · 27 sales, 12 months
3.67M
AED, resale median · 2,886/sqft
Nearby in City Walk
Prices per sq ft around Central Park - Building 1, on the mapPrices per sq ft around Central Park - Building 1, on the map
Citywalk Residential Building 18A
City Walk · 70 sales, 12 months
4.80M
AED, resale median · 2,669/sqft
Erin
City Walk · 31 sales, 12 months
2.60M
AED, resale median · 2,919/sqft
Myrtle
City Walk · 31 sales, 12 months
2.30M
AED, resale median · 3,036/sqft
Castleton
City Walk · 27 sales, 12 months
3.67M
AED, resale median · 2,886/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 2 bedOn record
- Rental evidence · 2 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 2 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Central Park - Building 1’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 19,098AED
- 4.5% over 25 years
- Monthly rent
- 19,875AED
- AED 238,500 a year
- Cash needed at purchase
- 1,171,145AED
- 20% down plus AED 312,145 in fees
Owning costs AED 809,879 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in Central Park - Building 1?
- Central Park - Building 1 returns 5.5% gross: a median new-contract rent of AED 238,500 a year (18 Ejari contracts in 12 months) over a price benchmark of AED 4.29M (median of 6 sales in the last 12 months, latest Jun 2026), before service charge, agency fees or vacant months.
- How much does a 2 bedroom in Central Park - Building 1 cost?
- The median registered sale price is AED 4.29M (2,923 AED/sqft), from 6 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Central Park - Building 1 selling for right now?
- Registered sales of ready units in Central Park - Building 1 over the last 12 months have a median of 2,923 AED/sqft, across 6 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Central Park - Building 1 risen or fallen?
- Median price per square foot moved +9.6% over the last 12 months against the 12 before it, on 6 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- What is the registered annual rent for a 2 bedroom in Central Park - Building 1?
- The median new annual rent is AED 238,500, from 18 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
For agents
Send this page to a client as a branded report
Central Park - Building 1 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 6 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/city-walk/central-park-building-1
Cite as: Dubai Wealth Index. “Central Park - Building 1 sale prices and yield.” City Walk, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/city-walk/central-park-building-1
Stable dataJSON