Lead Royal

Meraas awards $123m construction contract for Central Park Plaza.

Dubai Holding Real Estate has signed a contract with Nshama to build Central Park Plaza. It will be the final part of the Central Park cluster in City Walk.This major investment shows the developer’s focus on high-quality, design-led urban living.

Located on Sheikh Zayed Road near DIFC, the project offers views of Burj Khalifa and Downtown. Set within the vibrant City Walk, it attracts homeowners seeking a prime location with greenery, wellness, and lifestyle amenities.

Project Summary: Central Park Plaza

Central Park Plaza is the final addition to the Central Park master development in City Walk. City Walk is one of Dubai’s most vibrant urban districts. Every floor enjoys views of Downtown Dubai. This enhances both its visual appeal and its investment potential.

Beyond the residences, the project also features retail, entertainment, and fitness spaces. It is designed around greenery, landscaped gardens, and a nature-first vision. Together, these offer a refreshing escape from dense city living. The project appeals to families, professionals, and global investors.

Key Features and Amenities

The building features luxury homes with open floor plans, floor-to-ceiling windows, and high-end finishes that cater to today’s lifestyle. On-site areas include landscaped gardens, running and cycling tracks, outdoor yoga decks, and state-of-the-art fitness centers, all of which are a testament to the well-being of residents. Tranquility is juxtaposed with family-friendly features that include children’s play areas and picnic areas.

The combination of natural elements and modern architecture also promotes healthier living and contributes to long-term resale value. Rooftop terraces, on-site coffee shops, and boutique shopping provide a total live-work-play environment that makes Central Park Plaza a destination, not just an address.

Timeline of Construction & Terms of Contract

Construction has begun after the contract, worth $123,000,000 , was signed, with completion expected in mid-2027. This final stage is a significant step toward fulfilling a highly sought-after project that has experienced strong demand from end-users and investors.

The signing of the contract is a true testament to the developer’s commitment to quality and on-time delivery. Buyers of off-plan properties about to commence construction can enjoy competitive prices and flexible payment plans, along with the quality guarantee of Dubai Holding Real Estate.

Convenient & Well-Positioned lifestyle

Situated between Sheikh Zayed Road and Jumeirah Street, Central Park Plaza offers easy access to Downtown Dubai, DIFC, Business Bay, and Jumeirah’s beaches. It also provides close proximity to popular lifestyle spots.

The project is within walking distance of key attractions. These include Burj Khalifa, The Dubai Mall, and City Walk Boulevard. This enhances its walkability, which is rare in Dubai’s urban layout.

By blending greenery with a cosmopolitan vibe, the development appeals to professionals, families, and investors. It promises a future-ready address with strong rental and resale value.

Effects on Dubai’s Real Estate Market

Central Park Plaza reflects Dubai’s push for sustainable, wellness-driven urban planning under the Dubai 2040 Urban Master Plan. Its addition enhances City Walk’s status as a top-tier mixed-use community, drawing interest from both local and global investors.

The $123 million construction contract signals strong confidence in Dubai’s luxury residential and commercial real estate market, highlighting its resilience and growth.

The project’s community design is a departure from isolated towers and toward integrated, livable environments preferred by today’s buyers.

Conclusion

The awarding of this major contract marks the final stages of one of Dubai’s most iconic developments.

Central Park Plaza embodies the future of urban living.

It blends luxury, wellness, and sustainability with a prime location and strong connectivity.

Located in the rising City Walk district, the development offers a great opportunity for investors and end-users.

This ensures capital growth as well as solid rental returns.