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Park Central
by DAMAC

Studios, one and two bedroom apartments

AED 660 K Starting price
Ready Handover
Park Centralby DAMAC

Buy Apartments in Park Central by DAMAC, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 660,000
Location Business Bay
Developer DAMAC Properties
Handover Ready
Living Area 377 sq. ft. - 1,058 sq. ft.
Bedrooms Studios - 2 BR
Total amount of units 120
ROI Up to 8%
Apartments

Completed in 2013, Park Central is a 16 storey DAMAC tower in Business Bay with studios, one and two bedroom apartments, a rooftop pool, gym, health club and ground floor retail.

Rising 74 metres across 16 storeys, the tower contains 120 apartments designed by H2A & Sakly Architects. The brief changed from offices to homes during construction. Studios, one and two bedroom apartments make up the residential mix, while current listings include layouts from roughly 377 to 1,058 sq ft. A typical one bedroom home pairs a master bedroom and en-suite with a powder room, balcony and separate kitchen. Interiors use neutral tones and practical floor plans. Residents have access to a furnished gym, rooftop pool with loungers, health club with steam and sauna rooms, landscaped rooftop garden, barbecue zone, children's play area and outdoor café. Concierge and reception services, high-speed elevators, covered basement parking and 24-hour security support daily life. The Business Bay canal wraps around three sides of the building, opening upper-floor views across the water and skyline. For anyone weighing a buy apartment in Park Central decision, the appeal lies in a ready home with established facilities.

Park Central
About Park Central

Overview of Park Central

A ready, canal-side DAMAC tower in the heart of Business Bay, Park Central pairs a central, transport-linked address with resident amenities and one of the more competitive entry points into this waterfront district.

8%

Average ROI

8%

Maximum ROI

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Community

Business Bay has grown from a purely corporate quarter into a dense, canal-side neighbourhood where residential towers, hotels and offices sit side by side. Threaded by the Dubai Canal and fronting Sheikh Zayed Road, it draws professionals, couples and young expatriates who value being minutes from Downtown Dubai and the DIFC. Waterside promenades and the canal supply much of the open-air character, though residents trade greenery for that centrality. Those weighing property for sale in Business Bay are buying into one of the most connected addresses in the city.

Everyday needs are covered close to home. Supermarkets, clinics, nurseries, cafés and leisure venues are spread across the district, while private schools are a short drive away. Business Bay Metro Station serves the Red Line, and residents also have access to RTA buses and Dubai Canal water taxis. Sheikh Zayed Road, Al Khail Road and Ras Al Khor Road provide direct road links. Dubai International Airport is about 12 min away by car, depending on traffic. Buyers comparing apartments for sale in Business Bay gain several practical ways to travel.

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Interior

Inside Park Central the design stays deliberately understated: a contemporary palette of neutral, warm tones that lets natural light do much of the work. Floor-to-ceiling glazing on the canal-facing elevations pulls the waterfront and skyline into the living spaces, while open, logically arranged layouts keep even a studio for sale in Business Bay feeling calm. The atmosphere leans towards everyday comfort rather than showpiece luxury, which suits owner-occupiers and tenants after a practical central base. On many layouts, balconies extend the living area outdoors and reinforce the tower's connection to its canal setting.

Kitchens are arranged as separate rooms with fitted cabinetry and dedicated appliance runs. Bathrooms combine en-suite and powder-room configurations, using restrained stone-toned surfaces that are easy to coordinate with furnishings. Living areas open onto balconies overlooking the waterfront. A 1 bedroom apartment for sale in Business Bay at Park Central pairs its master suite with practical storage, while studios apply the same clean finish standard to a smaller footprint.

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Infrastructure

Daily conveniences start at the building itself, where ground floor retail and an outdoor café put coffee and small essentials steps from the lobby. Beyond the entrance, Business Bay's dining scene is dense and varied, running from casual canal-side cafés to full-service restaurants clustered along Marasi Drive and the nearby streets. Supermarkets and everyday retail sit within a short walk or drive, so a weekly shop rarely means leaving the neighbourhood. This walkable spread of cafés and convenience retail is one of the practical reasons tenants gravitate to the district.

The Dubai Mall and Downtown Dubai are a short drive away, with flagship retail, cinemas and dining within easy reach. Clinics and pharmacies cover routine healthcare in Business Bay, while larger hospitals are accessible elsewhere in the city. Business Bay Metro Station is 4 min away by car. Sheikh Zayed Road, Al Khail Road and Dubai Canal water taxis provide further connections. Buyers searching for Business Bay apartments near metro will also find Dubai International Airport about 12 min away by car.

Overview

Could Park Central be your next Dubai investment?

Amenities of Park Central by DAMAC

As a set of waterfront apartments in Business Bay, Park Central backs its canal-side setting with a full suite of leisure, wellness and everyday facilities for residents.

Rooftop swimming pool with loungers

Rooftop swimming pool with loungers

Furnished fitness gym

Furnished fitness gym

Covered basement parking

Covered basement parking

Health club with steam and sauna
Landscaped rooftop garden
Outdoor barbecue area
Children's play area
Outdoor café
Ground floor retail units
Concierge and reception service
High-speed elevators
24-hour security with CCTV

Gallery Park Central

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Park Central
About Us

Economic Attractiveness

Backed by DAMAC and positioned in central Business Bay, Park Central benefits from a recognised developer and steady rental demand.

Get Full Investment Details

1,23 mln 64%

Median price (AED)

1,220 -10%

Median price per sqft (AED)

12 -29%

Transactions

Source: Data taken from DXB for the last year, overview - Park Central

ROI Up to 8%

Several factors underpin the investment case. Water views from three sides help selected apartments stand out in a district where outlook can vary by floor. Tenant demand comes from professionals working in Downtown, the DIFC and along the Sheikh Zayed Road corridor. Business Bay Metro Station, major roads and canal water taxis support that demand. Park Central investment interest also benefits from value: in the current asking-listing sample, the tower averages AED 1,562 per sq ft against AED 2,488 per sq ft across Business Bay. As a completed asset, it is bought on standard resale terms using cash or a mortgage rather than a staged developer plan.

Park Central prices currently start at AED 660,000 for a studio and AED 950,000 for a one bedroom apartment. Two bedroom homes start at AED 1,700,000. Business Bay is a designated freehold zone, allowing foreign buyers to own apartments outright with title registered through the Dubai Land Department.

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For Rent

Landlords can assess Park Central against current project-level asking figures. Studio rents start at AED 50,000 a year, while one bedroom apartments start at AED 76,000. Their respective sale entry points are AED 660,000 and AED 950,000, supporting gross yields of about 8%. The project therefore reaches the upper end of Business Bay's reported 6% to 8% range as of June 2026. Demand for apartments for rent in Business Bay is supported by nearby workplaces and metro access.

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For Living

Living at Park Central means a calm, canal-side base in one of Dubai's most connected districts. Layouts are practical and light-filled, with separate kitchens, en-suite bathrooms and balconies across the one bedroom homes, finished in durable neutral tones. Residents reach a rooftop pool and garden, a gym, health club and barbecue space, with an outdoor café and retail at ground level. Business Bay puts Downtown, the DIFC and Sheikh Zayed Road within minutes, while the metro and canal water taxis ease the commute. Anyone eyeing a 1 bedroom apartment in Park Central for rent gains the same central access owners enjoy; the trade-off is a busy urban setting.

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For Resale

Park Central resale apartments enter an established market because the building is complete and ready to occupy. Business Bay continues to attract buyers and professional tenants seeking access to Downtown and the DIFC. Water views can help well-maintained homes stand out when owners decide to sell. The tower's current average asking price per sq ft also remains below the wider district average, giving sellers scope to position units competitively without relying on an uncertain off-plan handover.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Developer Park Central

DAMAC Properties, established in 2002, is one of Dubai's largest and most recognised private developers.

Registered with the Dubai Land Department as Developer No. 260, DAMAC has built a reputation for luxury-oriented residences and branded-residence partnerships alongside large master-planned communities. The company reports more than 75 towers and over 50,000 homes delivered, with more than 54,000 further units planned across 15 global cities, and recorded AED 36 billion in sales during 2025. Park Central was delivered through its Damac Star Properties subsidiary. Among DAMAC new projects and its established portfolio alike, that scale and delivery record give buyers confidence in the developer behind their home.

Location Park Central by DAMAC

Park Central sits in the Burj area of Business Bay, close to Al Asayel Street, Al Khaleej Al Tejari 2 Street and Marasi Drive, placing Downtown Dubai and the canal frontage just minutes away.

Direct access to Sheikh Zayed Road, Al Khail Road and Ras Al Khor Road opens the whole city to residents. The Dubai Mall and Downtown Dubai attractions are a short drive off, while the canal-side promenades and dining of Marasi Drive lie on the doorstep for weekend leisure. Among DAMAC projects in Business Bay, this is one of the more central positions.
The nearest rail link is Business Bay Metro Station on the Red Line, 4 min away by car. RTA bus routes and Dubai Canal water taxis provide further options for car-free travel. Dubai International Airport is about 12 min away by car, depending on traffic, which keeps airport trips manageable for residents and visitors.

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Map → Location Park Central by DAMAC Icon Map PIN

Sights & Attractions

Burj Khalifa

icon 4 min

The Dubai Mall

6 min

Dubai Water Canal

6 min

Healthcare facilities

Aster Clinic

icon 6 min

Emirates Hospital Clinic

4 min

Mediclinic Dubai Mall

7 min

Educational institutions

JSS Private School

icon 7 min

Hummingbird Nursery

2 min

GEMS Our Own Indian School

3 min

Transportation

DXB Airport

icon 12 min

Business Bay Metro

4 min

Burj Khalifa / Dubai Mall Metro

4 min

General FAQs

Below are the questions buyers, tenants and investors ask most often about Park Central. If something you need isn't covered here, reach out and our team will be glad to help.

Ask a Question

Where is Park Central located in Dubai?

The tower occupies the Burj area of Business Bay, near Al Asayel Street, Al Khaleej Al Tejari 2 Street and Marasi Drive. Its canal-front position places Downtown Dubai close by. Business Bay Metro Station is 4 min away by car, while Sheikh Zayed Road provides a direct route to other parts of the city.

Who is the developer of Park Central?

DAMAC Properties developed Park Central through its Damac Star Properties subsidiary. The company was established in 2002 and is registered with the Dubai Land Department as Developer No. 260. DAMAC currently reports more than 75 towers and over 50,000 delivered homes, giving buyers a substantial completed portfolio against which to assess its record.

What apartment types and sizes are available?

The building contains 120 homes in studio, one bedroom and two bedroom configurations. Current sale listings include sizes from about 377 to 1,058 sq ft, while studios are commonly described at around 500 sq ft. Typical one bedroom layouts include a master bedroom, en-suite bathroom, powder room, balcony and separate kitchen.

How much does it cost to buy an apartment in Park Central?

The lowest current asking price is AED 660,000 for a studio. One bedroom apartments start at AED 950,000, and two bedroom homes at AED 1,700,000. Across the current project listing sample, the mean asking level is AED 1,562 per sq ft, compared with AED 2,488 per sq ft for the wider Business Bay sample.

Is there a payment plan available at Park Central?

Park Central is complete and ready to move into, so DAMAC does not offer an active developer payment plan for the building. Buyers purchase on normal resale terms using cash or mortgage finance. The transaction is registered through the Dubai Land Department, and its standard 4% transfer fee applies to residential purchases in Dubai.

What is the rental yield at Park Central?

Matched current asking floors indicate gross yields of about 8% for both studios and one bedroom homes. The calculation uses annual rents from AED 50,000 against studio prices from AED 660,000, and rents from AED 76,000 against one bedroom prices from AED 950,000. Actual returns depend on the purchase price, achieved rent and ownership costs.

Can foreign nationals buy an apartment in Park Central?

Yes. Business Bay is a designated freehold zone, so overseas buyers can purchase apartments in Park Central with full ownership. Title is registered through the Dubai Land Department, giving international investors the same ownership rights as residents over their property.

What amenities does Park Central offer residents?

Residents have a rooftop swimming pool and landscaped garden, a furnished gym, a health club with steam and sauna rooms, a barbecue area, a children's play area and an outdoor café. The building also provides ground floor retail, concierge and reception, covered parking and round-the-clock security with CCTV.

What is Business Bay like to live in?

Business Bay is a dense, canal-side district next to Downtown Dubai, popular with professionals and couples who want central workplaces close by. Shops, cafés, clinics and nurseries are on hand locally, with metro and water-taxi links easing travel. The trade-off is a busy atmosphere and less green space than quieter suburbs.
FAQs

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Park Central
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Park Central

Starting Price AED 660 K

Handover Ready