City Walk

City Walk is a mixed-use urban district by Meraas in Al Wasl, Jumeirah, on Al Safa Street between Al Wasl Road and Sheikh Zayed Road, directly across from Downtown Dubai and Burj Khalifa. It covers more than 900,000 square metres of low- and mid-rise residences, 236 retail and dining outlets, the Coca-Cola Arena, The Green Planet, Central Park, Valiant Clinic and the Canadian University Dubai campus. The first phase opened in December 2013.

Meraas is the master developer and has built every residential release in City Walk. Founded in 2007, Meraas became part of Dubai Holding in June 2020 and now operates as a member of Dubai Holding Real Estate. Its other Dubai destinations include Bluewaters, La Mer, Port de La Mer, Madinat Jumeirah Living, Al Seef and Boxpark. No third-party developer builds inside City Walk.

The delivered core consists of The Square, The Piazza, The Hub and The Courtyard, with 25 numbered residential buildings completed by February 2019. Central Park at City Walk is a 46,600 square metre car-free park ringed by terraced mid-rise buildings including Myrtle, Celadon, Viridian, Castleton, Laurel, Fern, Erin, Thyme and Central Park Plaza. The newer releases are City Walk Northline, Verve City Walk and City Walk Crestlane 1 to 5.

City Walk is an apartment community: one to four bedroom apartments, three and four bedroom duplexes, five bedroom duplex penthouses in Verve, Crestlane and Central Park Plaza, six four bedroom townhouses at Central Park Plaza, and a very small number of studios. Typical Built-up Areas are about 670 to 1,330 square feet for one bedroom, 1,100 to 1,900 for two bedroom, 2,190 to 2,450 for three bedroom and 2,970 to roughly 5,900 for four bedroom, with penthouses up to 9,225 square feet.

Resales registered with the Dubai Land Department in 2025 averaged AED 2,765 per square foot, about USD 753, up 15.7 percent on the year. By type the 2025 averages were AED 2,405,272 for one bedroom, about USD 654,941; AED 4,060,976 for two bedroom, about USD 1,105,780; AED 6,747,818 for three bedroom, about USD 1,837,391; and AED 11,513,857 for four bedroom, about USD 3,135,155. In October 2026 asking prices average AED 3,108 per square foot, about USD 846, with one bedroom listings from AED 2,050,000, about USD 558,203, and developer launch prices from AED 2,600,000, about USD 707,965.

Published rates for the original residential buildings range from AED 12.43 to 21.61 per square foot of Built-up Area per year, about USD 3.38 to 5.88, with Buildings 2A, 6B, 9, 13 and 13B at the AED 21.61 level and Buildings 11A and 12 near AED 12.5. The year each rate applies to is not stated by the source, and rates for Central Park, Northline, Verve and Crestlane have not yet been published, so I confirm the current approved rate for any specific building before you commit.

Downtown Dubai and Dubai Mall are 5 to 7 minutes by car, DIFC and Business Bay 7 to 10 minutes, La Mer Beach 8 to 10 minutes, Palm Jumeirah 16 to 19 minutes and Dubai Marina 22 to 23 minutes. Dubai International Airport is about 16 minutes and Al Maktoum International about 45 minutes. The nearest metro station is Burj Khalifa / Dubai Mall on the Red Line, roughly a 15 minute walk, with a free shuttle running hourly from the station Monday to Saturday. Bus stops on Al Safa Street are a 2 minute walk.

The case rests on central-city scarcity: a single government-backed master developer, a delivered low-rise core that cannot be replicated opposite Burj Khalifa, every release since early 2024 sold out at launch, and a 2025 resale price per square foot up 15.7 percent while the number of resales fell 11.1 percent. Gross yields of 5.3 to 5.5 percent sit above Downtown Dubai at 4.9 percent but below Business Bay at 6.9 percent on October 2026 portal data. The main risks are service charges above AED 21 per square foot, about USD 5.72, in several original buildings, event-day traffic around the arena, and a 2027 to 2030 handover pipeline that will add rental supply.

Bank transfer, manager's cheque, cash and crypto are the accepted payment roads, subject to the developer's or seller's terms and standard UAE compliance checks. For off-plan purchases every instalment is paid into the project's DLD-registered escrow account under Dubai Law No. 8 of 2007, never to an individual. Developer payment plans on the current releases are 75/25, with 20 percent on booking, 55 percent during construction and 25 percent on handover.

The 10 year Golden Visa for property investors requires ownership of property worth at least AED 2,000,000, about USD 544,588. The property can be ready or off-plan and fully paid or mortgaged with a bank no-objection certificate, with off-plan units counted at their full contract value. Every current City Walk developer launch price and the 2025 average resale price for one bedroom and larger sits above the threshold; only studios, averaging AED 1,316,334, fall below it.