The Central Park Towers is a complex of two towers at the Dubai International Financial Centre in Dubai, United Arab Emirates. The complex comprises the Office Tower which is 45 floors and 219.9 m (721 ft) tall and the Residential Tower which is 47 floors and 243 m (797 ft) tall.
Central Park Towers is jointly owned by Dubai Asset Management and Deyaar Development PJSC. Dubai Asset Management, a member of Dubai Holding, develop and manage properties, communities and destinations. Deyaar Development PJSC is a leading real estate developer and real estate service company headquartered in Dubai.
Central Park Towers is the largest single-owned office tower in DIFC offering tenants a secure and efficient business environment.
DIFC
The Dubai International Financial Centre (DIFC) is a special economic zone in Dubai established in 2004 serving as a Financial Hub for the Middle East, Africa and South Asia (MEASA) Markets. DIFC has its own independent, internationally regulated court and judicial system, common law framework, global financial exchange, tax-friendly regime, and a large business community. The district houses hundreds of financial institutions, including wealth funds and private investors, as well as multinationals, retail outlets, cafés, top restaurants, amazing residential spaces, public green spaces, 4 star and 5-star hotels and world-class art galleries.
DIFC is one of
Dubai’s independent free-zones; it offers companies 100% ownership without the
need for a local partner. The district is governed by a common-law framework
distinct from the UAE legal system, with laws and regulations issued in
English. DIFC offers clients a 50-year guarantee of zero taxes on corporate
income and profits, complemented by the UAE’s network of double taxation
avoidance treaties.
Deyaar
Established in 2002 with a paid up capital of AED 18.38 million, Deyaar has grown exponentially over the past decade to become one of the leading real estate development companies in the region, with a share capital of AED 5.78 billion following its IPO in May 2007.
Deyaar is one of the largest developers in Dubai, its real estate ventures span major growth corridors and prime locations, including Business Bay, Dubai Marina, Al Barsha, DIFC, Jumeirah Lake Towers, Dubai Production City, Dubai Silicon Oasis, Al Barsha South and Al Barsha Heights.
The company’s current project portfolio includes iconic residential and commercial tower developments as well as upcoming hospitality developments.
Deyaar’s operations are divided across four key business units – Property Development, Property Management, Facilities Management and Owners’ Association Management. Through these teams, Deyaar aims to maximise investor profits, provide customers with the highest level of service in the industry and deliver real solutions that truly enhance the value of their investments.