The Tower Consists of 426 Premium Apartments Located at DIFC

Dubai-UAE: 17 March, 2015

Arady Developments LLC, a joint venture between Dubai Properties Group (DPG) and Deyaar Development PJSC (Deyaar), has announced the handover date for the residential units of the 48 storey residential tower located at its iconic Central Park mixed-use development in Dubai International Financial Centre (DIFC).

Customers have been invited to book an appointment to complete the snagging of their units from 15th March 2015. The handover of penthouse apartments, two and three duplex apartments, studios, as well as one and two bedroom apartments will commence on 31st March 2015.

Located at the bustling heart of DIFC, Central Park comprises a residential and a commercial tower, inter-linked by a beautifully landscaped podium area where residents will enjoy a range of amenities, including a gym, swimming pools and stylish dining outlets, with views over Downtown Dubai as well as the financial centre.

Arif Mubarak, Chief Executive Officer, Arady Developments, said: "We are delighted to handover their homes to our customers at Central Park as we believe that this project offers a unique experience to its residents, from its iconic and contemporary architecture to the luxurious finishes inside the apartments as well as the standard of services on offer.

"The project seeks to meet the demands of buyers who would like to establish a foothold near DIFC, Dubai's business and financial hub. Also, the project provides a valuable investment opportunity for companies and individuals in high-end properties. Central Park is one of the prominent projects to handover its residential units in this area."

The Central Park residential tower comprises 426 stunningly designed apartments. The floor-to-ceiling windows ensure maximum panoramic views looking out onto DIFC, Zabeel Park and Jumeirah. The three-bedroom duplex apartments span 2500 sq feet, while penthouses are spread across 6500 sq feet. These spacious units are part of a complete and vibrant community where residents have access to all necessary facilities at their doorstep including retail, restaurants, gymnasium, swimming pool and other services.

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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 dpg.ae.

For media inquiries, please contact:
Mathilda Saad
APCO Worldwide
Tel: +971 4 361 3879
Mobile: +971 55 6999 890
Email: msaad@apcoworldwide.com

Nancy Sudheer
APCO Worldwide
Mob:       +971 56 1142955
Email: nsudheer@apcoworldwide.com

© Press Release 2015