Meraas’ Strategic Investment in Central Park Plaza
The luxury property industry in Dubai has increasingly developed in displaying high-flying projects that are representative of standards of elegance and life in other parts of the world. A good example of such investments is Central Park Plaza, a residential wonder of Meraas, which is a part of Dubai Holding. Located in the premium community of City Walk, the development reaffirms Meraas‘ present employment dedication towards sustainable and community-based urban lifestyle.
With the support of unmanagement vision of modernity and quality, Meraas approach to real estate development extends further than the buildings. One of the pillars in their inventory is the Central Park Plaza, which represents a high-end design with nature and functionality to bring balance to the lifestyle in the epicenter of Dubai.
Key Details of the $123M Construction Contract
In June 2025, Meraas proceeded to issue a gigantic AED 450 million (USD $123 million) construction contract to the well-established Naresco Contracting- based construction company in the United Arab Emirates. The development involves construction of two residential towers, that is, 23-storey tower A and 20-storey tower B, which will have a total of 212 high-quality apartments.
It is currently planned that the handover of the property will commence in Q3 2027, thus giving the opportunity of the off-plan clients to secure the current prices of the project in a highly centralized, well-developed location. It is not only a development project where homes will be built, but a project of developing a lively lifestyle in an entirely self-sufficient urban ecosystem. Through this contract, Meraas is making a serious step in strengthening its brand name and trust in Dubai real estate.
Impact on Dubai’s Real Estate Landscape
Central Park Plaza by Meraas has everything necessary to succeed in the real estate market of Dubai thriving on novelty, excellence, and planning. The project is situated in City Walk, the most demanded urban district in Dubai, which is why it is likely to become in demand among the rich citizens and foreign investors as well.
The unique selling point of Central Park Plaza is that it blends well with nature—it provides open greens, shaded paths to walk through, and other wellness-themed facilities. Consequently, the project does not only contribute to the skylines of the city; it sets a new luxury property development in Dubai.
In addition, the project answers to the growing need in community-oriented developments with a liveable walkability, mix-used zones, and healthy environment. This is in line with Dubai 2040 urban Master Plan that focuses on sustainable urban setting and the well-being of the residents.
Market wise, the Central Park Plaza will most probably boost long term appreciation of properties located around the area and rental returns particularly the investors in the high quality off-plan category. It offers its end-users the exclusive lifestyle with no compromises to connectivity.
