Arady announces residential tower project in Dubai

building  R SchofieldThe handover of the 48-storey residential tower is scheduled for the second half of 2014. (Image source: R Schofield/Flickr)Arady Developments, a joint venture between Deyaar Development (Deyaar) and Dubai Properties Group, has announced the launch of a 48-storey residential tower project

The project will be a part of Central Park project at the Dubai International Financial Centre (DIFC).

The handover of the residential tower has been scheduled for the second half of 2014 with sales expected to begin in mid-September. Arady Developments will oversee the sale of the project.

Arady Developments chief executive officer Arif Mubarak said, “Central Park has been launched at an opportune time, when Dubai is experiencing growth and has proven its status as one of the most profitable locations for investment.

“Central Park is an outstanding high-value investment opportunity from two of the UAE’s respected developers.

“It caters to the growing needs of companies and individuals alike for such niche spaces. We are confident that the experience of living at Central Park will surpass residents’ expectations and offer an attractive investment opportunity.”

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