Developer: Damac Properties · Business Bay

Park Central

Park Central is a residential project by Damac Properties in Business Bay, Dubai, with ready to move in, 146 units.

HandoverReady to move in
Units146

Layouts and sizes

TypeUnitsSize, sq.ft
Studio46324–1 060
1 Bedroom52620–955
2 Bedroom39969–1 423
Retail9247–1 078

All units are freehold. Data from the DLD registry.

Payment plan Very Convenient

The purchase price is split into these stages.

110%Down payment
240%During construction
350%On handover

The exact schedule is confirmed in the sale agreement for the selected unit.

Construction progress

100%
  • StatusReady
  • Construction started2010-03-01
  • HandoverReady To Move in
  • Status date2008-11-08
  • Escrow bankADCB
  • Scale2 bldg
  • DLD project number429

Data from the Dubai Land Department project registry (updated 23.08.2026 09:55).

Construction progress 8
29 September 2013 86.15%
Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 1 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 2 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 3 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 4 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 5 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 6 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 7 of 8Park Central, Business Bay construction progress — 29 September 2013, 86.15% complete, photo 8 of 8

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
13.07.20262 BR107.61 350 000
13.07.20262 BR107.6962 500
02.07.2026Studio41.1265 000
29.06.20262 BR95.71 175 000
29.06.20262 BR95.7940 000
23.06.2026Studio41.8585 000
01.06.2026Studio31.0378 000
21.05.20261 BR78.4888 803
18.05.2026Studio41.1595 000
27.03.20262 BR120.41 160 000
27.03.20262 BR120.41 555 000
17.03.20262 BR95.91 024 000
17.03.20261 BR65.3565 500
17.03.20262 BR95.91 280 000
17.03.20261 BR65.3870 000
09.03.20262 BR123.01 200 000
09.03.20262 BR123.01 500 000
24.02.20262 BR93.01 325 000
18.02.20262 BR106.01 285 000
03.02.2026Shop100.11 864 176
Rentals — 20
DateTypeSize, m²Rent, AED/yr
Studio42.064 826
2 bed rooms+hall123.0125 000
1bed room+Hall59.677 000
Shop22.995 000
Studio31.563 000
Shop22.995 000
1bed room+Hall80.4100 000
1bed room+Hall63.195 000
Shop42.9120 000
1bed room+Hall87.290 000
Studio42.253 000
2 bed rooms+hall98.3115 000
2 bed rooms+hall106.0107 000
1bed room+Hall59.382 000
1bed room+Hall63.172 000
1bed room+Hall63.775 000
Shop50.890 000
Studio41.160 000
2 bed rooms+hall120.4110 000
2 bed rooms+hall93.090 000

Dubai Land Department transaction registry, updated 2026-08-22. Explore Dubai property transactions →

Registered transactions in Park Central

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

501deals since 2012
12 915AED per m², median
76%resale, the rest bought from the developer
+10%over the past year
9.6%gross rental yield

The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +4% over the same period, so the building grew faster.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
Studio41600 00014 634153
Shop531 060 50020 00917
1 bedroom64850 00013 281180
2 bedrooms1061 250 00011 792151

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

How the price per square metre moved

From 2022 to 2025 — +33% on the price per square metre in this building. The district moved +36% over the same period, so the building tracked the market.

14 6762014
14 2282015
13 6642016
14 3612017
6 96620216679.6%
9 18920227858.5%
11 12220231 0009.0%
11 47820241 1259.8%
12 18020251 1729.6%
12 1952026*1 1699.6%

Top to bottom: purchase price per m², year, annual rent per m², gross yield.

All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.

* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

Amenities

  • 24-hour concierge service
  • Gymnasium
  • Steam room
  • Sauna
  • Temperature-controlled swimming pool
  • Landscaped gardens
  • Covered walkways
  • Men's changing rooms
  • Women's changing rooms
  • Security access control

What is nearby

  • Burj Khalifa7 мин
  • Downtown Dubai8 мин
  • Minutes Ras Al Khor Wildlife Sanctuary6 мин
  • The Dubai Mall8 мин

Places nearby

Park Central

About the project

Park Central is a finished freehold residential and commercial development in Business Bay, Dubai, developed by Damac Properties. The project includes studio, one-bedroom and two-bedroom apartments within a building configuration of two basement levels, a ground floor, parking level, health club and 13 typical floors. It reached 100% completion on 20 November 2013 and is ready to move in.

The project

Park Central is located in Business Bay and forms part of the Burj District area of Dubai. It was developed as a residential and commercial project, with apartment homes alongside commercial space. The development started on 1 March 2010 and was completed on 20 November 2013. Its recorded configuration comprises two basement floors, a ground floor, one parking floor, a health-club floor and 13 typical floors. Park Central is a freehold development and is listed as finished, with a completion ratio of 100%. The building was initially planned as a business centre and was converted into a residential complex during construction. H2A & Sakly Architects implemented the architectural design.

Apartment types and layouts

Park Central offers studios, one-bedroom apartments and two-bedroom apartments. Residential apartment sizes range from 339 sq ft to 1,266 sq ft. Studio layouts include a sleeping area, an open-plan kitchen and a bathroom. Apartments are centrally air conditioned and include satellite television and telephone connection points. Interiors feature ceramic tiled floors, double-glazed windows, built-in kitchen cabinets and kitchen appliances. Balconies are provided in accordance with the individual apartment plan. The building combines residential accommodation with commercial premises, placing it within the mixed-use setting of Business Bay.

Resident facilities and building services

The amenity provision at Park Central includes a 24-hour concierge service, gymnasium, steam room, sauna and temperature-controlled swimming pool. Landscaped gardens and covered walkways form part of the shared environment. Separate changing rooms are available for men and women. Security access control is included within the building services. Common-facility maintenance is managed by the Owners Association. The project also includes a health-club level within its building configuration. These facilities sit alongside the residential apartments and commercial component of the development.

Business Bay location

Park Central is in Business Bay, a mixed-use district in central Dubai. Dubai International Financial Centre and Sheikh Zayed Road are each listed at five minutes from the project. Meydan Racecourse and Dubai Airport are listed at 10 minutes, while Burj Al Arab is listed at 15 minutes and Palm Jumeirah at 20 minutes. Action Park Business Bay is 1.0 km away, and Bay Avenue Mall & Park is 1.4 km away. The Fountains at Dubai Mall are 1.9 km from Park Central. Cinema City at Address Dubai Mall is 2.0 km away, while Reel Cinemas at Dubai Mall and Paramount Screening Room at Damac Towers by Paramount are each 2.2 km away.

Local shops and services

Six commercial outlets are located on the ground floor of Park Central: Bali Babe Beauty & Hair, Corner Buttercup, Hungry Heroes, Loft Minimart, Ghazal Moghadam and Maham Laundry. Marqt Minimart, Supermarche, Feras Aldiyafa Sweets and 24 Seven Minimart are each 0.2 km away. Esteem Medical Clinic, Shefaa Al Madeena Pharmacy and Florence Medical Centre are also 0.2 km from the building. Shun Tong Spa, Mantis Gents Salon, Blossom & Berry Beauty and Lash House Ladies Salon are each 0.1 km away. Generation Iron is 0.2 km away, and The Ktchn Fitness and Warehouse Gym are each 0.3 km away.

Payment structure and developer

The stated payment structure for Park Central allocates 20% as the first instalment, 30% during construction and 50% on handover. Park Central is complete and ready to move in. Damac Properties is the developer of the project. The company was founded in 1982 and has developed projects in the Middle East for more than 20 years. Its operations extend beyond the UAE to Saudi Arabia, Jordan, Lebanon, Qatar, Turkey and the United Kingdom. Damac Properties is the name associated with Park Central for buyers, while the project was developed through Damac Star Properties (L L C).

Service charge, 2026

Approved rate24.17 AED▲ +4.9% per sq ft per year · 260 AED/m²
General / reserve fund23.64 / 0.53AED/sq ft · additional 1,352.46
vs Business Bay median▲ +21.0%median 19.97 · rank 57/82
A 1,000 sq ft unit≈ 24,170 AEDper year · ≈ $6,581

Managed by Luxury Owner Association Management Services Co. · budget 1 Jan 2026 — 31 Dec 2026

History, budget breakdown and nearby buildings →

RERA-approved budget from the DLD service charge index (Mollak) for “Park Central”. Total is the general and reserve funds; additional charges are separate.

Frequent questions

Who is the developer of Park Central?
Park Central was developed by Damac Properties. The project was developed through Damac Star Properties (L L C).
Where is Park Central located?
Park Central is located in Business Bay, Dubai, within the Burj District area.
Is Park Central completed?
Yes. Park Central is finished with a recorded completion ratio of 100% and is ready to move in.
When was Park Central completed?
Park Central was completed on 20 November 2013. Construction started on 1 March 2010.
What apartment types are available at Park Central?
The project includes studios, one-bedroom apartments and two-bedroom apartments. Recorded apartment sizes range from 339 sq ft to 1,266 sq ft.
What amenities does Park Central offer?
Facilities include a 24-hour concierge, gymnasium, steam room, sauna, temperature-controlled swimming pool, landscaped gardens and covered walkways.
What is the Park Central payment plan?
The stated structure is 20% as the first instalment, 30% during construction and 50% on handover.
What is near Park Central?
Dubai International Financial Centre and Sheikh Zayed Road are each listed at five minutes. Action Park Business Bay is 1.0 km away, and Bay Avenue Mall & Park is 1.4 km away.
How can I buy an apartment in Park Central?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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