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Construction Starts on $191M One Central Park in JVC
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Market AnalysisJuly 16, 20245 min read

Construction Starts on $191M One Central Park in JVC

IMAN Developers begins building One Park Central, an AED 700 million luxury development in Dubai.

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IMAN Developers has commenced the groundbreaking of One Park Central, a mixed-use development in Jumeirah Village Circle, Dubai. With a project valuation of AED 700 million ($191 million), IMAN aims to elevate urban luxury living through innovative design and comprehensive amenities.

One Park Central aspires to be a dynamic community hub, offering residents an exceptional lifestyle as it is strategically positioned opposite Central Park in JVC. The development will feature high-end fitness and wellness facilities alongside beautifully landscaped areas.

Ismail Marfani, CEO of IMAN Developers, said that they are proud to announce that the groundwork for One Park Central is underway. This moment also marks the beginning of IMAN Developers’ transformation into an upgraded destination that pushes the boundaries of conventional luxury. Together with their existing masterpieces, they are committed to creating a place that empowers discerning individuals to live their best lives. They are looking forward to share further developments in the future.

One Park Central will boast over 60 premium amenities, including advanced fitness centres and wellness facilities. The development will comprise 482 residential apartments, 38 commercial units, and six retail spaces. The structure will include a basement, ground floor, five parking floors, 23 residential floors, and one rooftop floor.

Residential units will range from studios (356 to 529 sq.ft.) to luxurious four-bedroom penthouses with private pools (3,800 to 3,845 sq.ft.), catering to a diverse clientele seeking luxury and convenience. The development aims to attract discerning international buyers from Germany, the UK, Russia, China, and expatriates from Asia and the Arab world.

Prices for units will start from AED 650,000 ($177,000) and go up to AED 3 million ($817,000), offering a variety of options to suit different lifestyles and preferences.

The project is slated for completion by Q2 of 2027. One Park Central is committed to sustainability, incorporating green building certifications and advanced sustainable practices to ensure an environmentally friendly living environment.

With an investment of AED 700 million ($191 million), One Park Central underscores IMAN Developers' commitment to setting new quality standards in luxury residential housing for both Emirati and international families.

Original article reference: Arabian Business.

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