Myrtle at Central Park
Myrtle at Central Park is a freehold residential building by Meraas Holding in the Central Park cluster of City Walk, Dubai, with 129 apartments across eight storeys plus a basement parking level. Construction began in June 2022, and current project records show the building was completed in November 2025 following an earlier estimated mid-2025 handover window. Myrtle offers a mix of one- and two-bedroom apartments in an L-shaped layout with terraces at both ends, and a swimming pool set on a raised terrace overlooking the shared Central Park green space. This guide covers Myrtle 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
129
Completed
November 2025
Location
City Walk
About Myrtle at Central Park
Myrtle at Central Park is a freehold residential building by Meraas Holding, developed through its Citywalk Residential 1 subsidiary, in the Central Park cluster of City Walk, Al Wasl, Dubai. It is an eight-storey building with one basement parking level, holding 129 apartments in total. Construction began in June 2022, with an estimated handover originally set for around mid-2025; current records show the project was completed in November 2025.
Myrtle is positioned at the far north corner of the Central Park development, takes an L-shape form, and has terraces at both ends of the building. Its swimming pool sits on a raised terrace overlooking Central Park. The architectural consultant was Arif & Bintoak and the main building contractor was Eastern International. Dubai Land Department records list a developer-submitted pre-construction project value of roughly AED 93,060,000 (around USD 25.3 million).
Developer, storey count, unit total and timeline cross-confirmed via Propsearch (propsearch.ae/dubai/myrtle-at-central-park), Bayut's building guide (bayut.com/buildings/myrtle-central-park) and GoldenBee Estate (goldenbee.estate/realty/1295), which independently lists a Q2 2025 handover estimate, consistent with Propsearch's June 2025 estimate. Architect, contractor and project-value figures sourced from Propsearch only, disclosed as a single-source detail.
Location & Nearby Landmarks
Myrtle sits within Central Park, one of City Walk's residential clusters between Sheikh Zayed Road and Al Wasl Road in Al Wasl, Dubai, the same cluster as the neighbouring Celadon at Central Park. Nearby landmarks include Galleria Mall, Coca-Cola Arena and Sky Views Observatory, all within a few minutes' drive.
Restaurants within about a 5-minute drive include Massimo's Italian Restaurant, Goldfish Sushi & Yakitori and RSVP Restaurant, and nearby supermarkets include Carrefour, VIVA and Gant Express. Ladybird Nursery Jumeirah and Citizens School are both within a short drive for families. For a wider view of the district's short-term rental market, see Royale Stays' Airbnb management area guide for City Walk.
Location and nearby landmarks sourced from Bayut's Myrtle at Central Park building guide (bayut.com/buildings/myrtle-central-park). Celadon at Central Park is a separately built, individually named Meraas tower in the same Central Park cluster, confirmed via content-build-queue.json and published-pages.json (post 77914).
Unit Types
Myrtle at Central Park offers a mix of one- and two-bedroom apartments. One-bedroom units range from roughly 678 to 685 sq ft, while two-bedroom units range from roughly 1,102 to 1,405 sq ft. Recorded Dubai Land Department transactions show individual one-bedroom units between about 679 and 831 sq ft and a two-bedroom unit of 1,153 sq ft, consistent with these ranges.
Unit type ranges cross-confirmed via Bayut's building guide and Propsearch's recorded Dubai Land Department transaction data, plus GoldenBee Estate's listing describing 1- and 2-bedroom residences.
Amenities
Amenities at Myrtle at Central Park include a swimming pool on a raised terrace, a gym, a sauna, a jacuzzi, a children's play area, a lawn and rooftop garden, barbecue spaces, a residents' lounge and a staffed lobby with concierge services. The building also has covered parking, high-speed elevators, 24/7 CCTV security and daily maintenance services.
Amenities cross-confirmed via Bayut's building guide (facilities and lifestyle amenities sections) and Propsearch's building overview.
Transportation & Access
Myrtle at Central Park is about a 4-minute drive from Sheikh Zayed Road (E11), giving quick access across Dubai. Burj Khalifa/Dubai Mall Metro Station, on the Red Line, is roughly a 10-minute drive away, and the Post Office bus stop, served by several local routes, is about 3 minutes away by car. Dubai International Airport (DXB) is roughly 15 minutes' drive, and Al Maktoum International Airport is roughly 43 minutes' drive.
Metro and highway access sourced from Bayut's building guide. Drive times to Dubai Mall, Palm Jumeirah, Burj Al Arab, The Walk JBR and both airports sourced from Propsearch's building guide, calculated by Google Maps under typical traffic conditions.
Rental & Price Trends
Dubai Land Department-linked transaction data recorded via Propsearch shows recent one-bedroom sales in Myrtle at Central Park between roughly AED 1,850,000 and AED 2,300,000 for units of 679 to 831 sq ft, and a recorded two-bedroom sale of AED 3,500,000 for a 1,153 sq ft unit. Across the most recent recorded sale transactions, the average price works out to roughly AED 2,300,000, in line with the price level widely quoted for the building.
On the rental side, live Property Finder listings for Myrtle show one-bedroom units typically asking from around AED 95,000 to AED 150,000 per year, and two-bedroom units from around AED 175,000 to AED 260,000 per year, reflecting genuine unit-to-unit variation by floor, view and finish rather than a single fixed rate.
Sale pricing sourced from Propsearch's Dubai Land Department-linked transaction records for Myrtle at Central Park (6 most recent populated sale-type records at the time of research, out of 50 total recorded sale transactions on the page). Rental pricing sourced from Property Finder's live listing aggregation for Myrtle, Central Park at City Walk (83 active listings at the time of research).
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 Myrtle 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, and the building already appears on at least one short-term booking aggregator (Agoda), indicating existing short-term rental activity in City Walk.
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