Celadon at Central Park
Celadon at Central Park is a freehold residential development by Meraas Holding in City Walk, Dubai, comprising three mid-rise buildings, Celadon 1, Celadon 2 and Celadon 3, with 161 apartments in total. Construction began in February 2022, and multiple current project pages record handover for Q1 2026, though some earlier listings had targeted an initial 2025 completion. The development offers one, two and three-bedroom apartments set directly against City Walk's Central Park, with amenities including an infinity pool, tennis and squash courts and landscaped running tracks. This guide covers Celadon at Central Park's building profile, location and honest Airbnb income potential, with management available from Royale Stays for a fee starting from 15%.
Developer
Meraas Holding
Total Units
161
Handover
Q1 2026 (some listings: 2025)
Location
City Walk
About Celadon at Central Park
Celadon at Central Park is a freehold residential development by Meraas Holding, developed through its Citywalk Residential 1 subsidiary, in the Central Park cluster of City Walk, Dubai. The project comprises three individual mid-rise buildings, Celadon 1, Celadon 2 and Celadon 3, holding 161 apartments in total. Construction began in February 2022. Current Meraas-linked project pages and several major portals record handover for Q1 2026, while some earlier listings had targeted an initial 2025 completion date.
The development offers one, two and three-bedroom apartments ranging from roughly 710 to 2,174 sq ft, set directly against City Walk's Central Park, a landscaped downtown green space shared with two other Meraas developments, Myrtle and Viridian.
Developer cross-confirmed via Meraas' own project page (meraas.com/en/project/citywalk-central-park), Propsearch, Buydubaioffplan and Binayah. Total unit count (161) cross-confirmed via Propsearch, Buydubaioffplan and Luxhabitat. Handover date genuinely conflicts across sources: most current listings (Propertyfinder's Meraas developer page, Buydubaioffplan) record Q1 2026, while one earlier-indexed source (Luxhabitat) recorded a March 2025 handover. Both are disclosed rather than one being silently dropped.
Location & Nearby Landmarks
Celadon sits within Central Park, one of City Walk's residential clusters between Sheikh Zayed Road and Al Wasl Road in Al Wasl, Dubai. City Walk itself is Meraas' open-air retail, dining and entertainment district, so Celadon residents are within walking distance of City Walk's shops, restaurants and Roxy Cinemas.
Downtown Dubai and Burj Khalifa are roughly a 10 to 15-minute drive away, and Jumeirah Beach is a similar distance in the other direction. For a wider view of the district's short-term rental market, see Royale Stays' Airbnb management area guide for City Walk.
Unit Types
Celadon's unit types are one, two and three-bedroom apartments, ranging from roughly 710 sq ft (66 sqm) for a one-bedroom up to about 2,174 sq ft (202 sqm) for a three-bedroom unit. The development's 161 total units are split across its three buildings; Propsearch's individual building pages record approximately 52 units in Celadon 2 and 54 units in Celadon 3.
Unit sizes and mix cross-confirmed via Propsearch, Buydubaioffplan and Luxhabitat. Per-building unit splits (Celadon 2: ~52, Celadon 3: ~54) are sourced to Propsearch's individual building pages only and are presented as approximate.
Amenities
Central Park's shared amenities include a large infinity pool, tennis and squash courts, a half-court basketball court, an outdoor gym and fitness stations, running and cycling tracks, children's play areas, a spa and sauna, yoga and meditation lawns, picnic pavilions, and direct access to City Walk's F&B and retail strip.
Amenities cross-confirmed via Luxhabitat and Metropolitan Premium Properties, both listing the same core amenity set for the Celadon/Central Park development.
Transportation & Access
City Walk sits just off Al Wasl Road and Sheikh Zayed Road. Business Bay Metro Station is about a 5-minute drive via the Sheikh Zayed Road exit, and Burj Khalifa/Dubai Mall Metro Station is roughly an 8-minute drive away. Sheikh Zayed Road (E11) itself is reachable from City Walk in under 10 minutes, giving Celadon residents quick access to Downtown Dubai, DIFC and Business Bay.
Metro distances sourced from Bayut's City Walk area guide (bayut.com/area-guides/city-walk), corroborated by an independent transit-routing check showing roughly 2 km / 10 minutes between City Walk and Business Bay Metro Station.
Rental & Price Trends
Listed starting prices for Celadon apartments begin around AED 1,200,000, a figure repeated across several broker and portal pages for the smallest one-bedroom units. Dubai Land Department-linked transaction data on Bayut shows a higher average sale price for Celadon 1 specifically of roughly AED 2,458,750 across 4 recorded transactions in the past 12 months, while the average across the wider Central Park development (231 recorded transactions) is roughly AED 3,717,647, reflecting a mix that includes larger two and three-bedroom units.
On the rental side, Property Finder's listing data puts the average yearly rent for Celadon 1 at roughly AED 199,500, and for Central Park at City Walk overall at roughly AED 188,500, with one-bedroom units typically renting from around AED 178,000 and two-bedroom units up to around AED 250,000 per year. A rental yield of roughly 5.8% is cited for Central Park at City Walk. Some individual one-bedroom listings across the wider City Walk community are recorded lower, from around AED 95,000 to AED 138,000 per year, reflecting genuine unit-to-unit variation rather than a data conflict.
Sale pricing sourced from Bayut's Dubai Land Department-linked transaction data for Celadon Central Park, plus starting-price figures repeated across Luxhabitat, Tanami Properties, Binayah and Regent Elite Properties. Rental pricing sourced from Property Finder's live listing aggregation for Celadon 1 and Central Park at City Walk. The starting price, the DLD averages and the rental figures are presented separately rather than blended, since each measures a different thing (asking price for the smallest unit vs. recorded transaction average vs. current asking rent).
Airbnb & Short-Term Rental Income Potential
City Walk is not currently one of Royale Stays' five core managed areas (Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay), so this guide does not claim a Royale Stays management track record at Celadon at Central Park specifically. Meraas Holding is a private master developer rather than a restricted hotel brand, so there is no confirmed policy barrier to running a licensed holiday home in the building.
Every short-term rental in Dubai requires a DTCM holiday home permit. Royale Stays can arrange the permit application and manage the day-to-day operation, including for owners based overseas, for a fee starting from 15%, covering furnishing, photography, pricing, check-in and guest communications. See Royale Stays' Dubai holiday home permit guide for the current permit process.
Questions