City Walk

D&B Real Estate full-year 2025 resale data records AED 2,765/sqft average (+16% YoY) across 407 transactions totalling AED 1.673B resale value. By building: Central Park Building 1 averages AED 2,785/sqft (4.9% cap rate per Property Makler), City Walk Residential AED 2,900-3,070/sqft (4.9% cap rate). New launches Crestlane achieved AED 3,100/sqft at Phase 1 sell-out. Entry prices: 1-bed from AED 1.5M, 2-bed from AED 3.1M, 3-bed from AED 6.2M, 4-bed from AED 8M+.

D&B Real Estate records 5.22% gross yield in 2024 data, with AED 138/sqft average rent (+12.7% YoY in 2025). By bedroom: 1-bed AED 152,997/year, 2-bed AED 262,413/year, 3-bed AED 296,667/year, 4-bed AED 550,000/year. Central Park Building 1 cap rate 5.8%, City Walk Residential 4.9%. Net yields after service charges (AED 18-25/sqft) run approximately 4.0-5.0%. STR-managed furnished units can achieve 7-8%+ gross at peak occupancy.

City Walk is Dubai’s only freehold luxury residential community where residents live inside a pedestrian-friendly retail, dining, and entertainment precinct – not adjacent to it. The 400+ outlet walkable promenade, The Green Planet biodome, Coca-Cola Arena events, and Dubai Canal promenade proximity create a lifestyle density impossible to replicate elsewhere in Jumeirah at any price point. The deliberate capping of supply at 34 mid-rise buildings (vs mega-projects of 100+ towers elsewhere) is a structural rarity in Dubai real estate.

Top investment picks by yield and liquidity: Central Park Building 1 (5.8% cap rate, highest yield in community, newer product); City Walk Residential Buildings 9-19 (most liquid, highest transaction volume, AED 2,270-2,923/sqft range in recent sales); Crestlane Phases 1-3 (newest off-plan, highest asking price at AED 3,000-3,200/sqft, strongest appreciation trajectory); and Northline (larger layouts, lower cap rate but higher absolute rental values). For STR yield, any building within 5 minutes walk of Coca-Cola Arena and The Green Planet outperforms.

Yes, City Walk by Meraas is a fully designated freehold community in Jumeirah, allowing all nationalities to purchase with full ownership rights. Properties are registered with the Dubai Land Department. This freehold status is significant because most of the surrounding Jumeirah addresses are leasehold for non-GCC nationals, making City Walk one of very few freehold investment opportunities in this central, prestigious Jumeirah corridor. Purchases above AED 2M qualify for the UAE Golden Visa.

City Walk and Downtown Dubai occupy a similar luxury price tier (AED 2,700-3,100/sqft) but offer very different lifestyle propositions. Downtown delivers Burj Khalifa, Dubai Fountain, and Dubai Opera as iconic view anchors at 5.2-6.2% yields. City Walk delivers a walkable lifestyle district, The Green Planet, Coca-Cola Arena, and Jumeirah Beach proximity at 5.22% yield. Downtown has higher tourist demand for STR; City Walk has higher long-term tenant retention (58.1% renewal rate). For owner-occupiers and long-let investors, City Walk wins on lifestyle; for STR operators and capital growth, Downtown leads.

Crestlane is Meraas’s flagship active off-plan phase at City Walk – a series of mid-rise towers (Phases 1-5, with Phases 4 and 5 launched in December 2025) built around landscaped greens, water features, and pedestrian plazas. Phase 1 sold out at AED 3,100/sqft; subsequent phases are priced at AED 2,900-3,200/sqft. Crestlane introduces a garden-centric residential design within the City Walk ecosystem, targeting premium end-users and investors who want new delivery (2027-2028) with Meraas’s track record of quality and lifestyle integration.

City Walk houses five major entertainment venues within walking distance: 1) The Green Planet – Dubai’s indoor tropical biodome with 3,000+ plant and animal species in a climate-controlled dome; 2) Coca-Cola Arena – a 17,000-seat world-class entertainment venue hosting international concerts, sports events, and shows; 3) Hub Zero – Dubai’s largest immersive gaming and VR experience park; 4) Roxy Cinemas – premium cinemas with luxury reclining seats; 5) Outdoor event lawns and public art installations activated throughout the year.

City Walk’s long-term outlook is anchored by four structural advantages: intentionally capped supply of 34 buildings creating permanent scarcity; Meraas and Dubai Holding backing ensuring ongoing quality maintenance and community activation; the irreplaceable central Jumeirah location equidistant from Downtown, DIFC, Marina, and Jumeirah Beach; and the Crestlane off-plan phases continuing to set new price benchmarks that re-rate the entire community upward. With rents growing 12.7% YoY, 58.1% renewal rates, and AED 138/sqft average rent still materially below Downtown (AED 145.7/sqft) despite the superior lifestyle offering, analysts see sustained 8-12% annual price appreciation and gradual yield compression as City Walk matures into a truly premium address.