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.
Notes to Editor:
About Arady Developments LLC:
Arady Developments is a limited liability company. Created in 2007, the company was established as joint venture between Deyaar development and Dubai Properties Group.
About Deyaar Development PJSC:
Deyaar Development PJSC is a leading real estate developer and real estate services company, headquartered in Dubai. Since its establishment in 2002, the company has registered exponential growth to become an industry leader in the region, with a share capital of AED5.78 billion.
Deyaar is well-positioned to play a pivotal role in the development of the region's property landscape. The company’s in-depth market intelligence, world-class services and unrivalled property management support for communities across diverse portfolios have firmly consolidated its pioneering status in the region’s real estate landscape.
Combining excellence with a vision to create natural living environments while placing customers at the core of its strategies, Deyaar additionally serves as a one-stop real estate solutions provider. Under this profile, its scope includes the delivery of end-to-end property development and property management services, overseeing 15,000 property units across the UAE. Deyaar also provides facility management services for its portfolio of more than 18,000 commercial and residential units. The company additionally spearheads an association management team to ensure the wellbeing of Deyaar’s homeowners as a key priority.
Deyaar complies with the escrow legislation and relevant property laws in the UAE and is registered with the Real Estate Regulatory Authority under reference number 15/07.
About Dubai Properties Group
Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations. Through its subsidiaries, DPG also offers end-to-end property related services.
Dubai Properties Group focuses on the creation of a broad range of quality communities in which to live, work, play and shop in addition to the development and management of key destinations in Dubai including both Dubailand and ‘The Walk’ at JBR.
Dubai Properties Group aspires to become the best partner in providing a reliable service through the creation of quality, value for money lifestyles, and by creating a world class organization that offers a wealth of industry knowledge and expertise. For additional information, please visit http://dpg.ae.
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