One Park Central

A 482-unit, 29-storey tower by Iman Developers in JVC: everything from studios to four-bedroom penthouses, with handover stated for Q2 2027.

What is for sale

By the factsheet it's a 29-storey tower with 482 units in JVC District 15, architect Federal Engineering Consultants. The lineup is wide: studios 33–49 m², one-bedrooms 65–89 m², two-bedrooms 96–172 m², duplex two-bedrooms 167–172 m², three-bedroom penthouses with a private pool 212–265 m², and four-bedroom penthouses 353–357 m².

That spread within a single building — from a 33-metre studio to a 357-metre penthouse — means a very different crowd on different floors, and very different liquidity. The studios here will rent and resell easily; the penthouses will move one at a time.

Prices and the launch structure

February 2024, starting prices in dollars: studios from $171,000, one-bedrooms from $274,000, two-bedrooms from $383,000, duplexes from $550,000, a three-bedroom penthouse with a pool from $712,000, a four-bedroom from $980,000.

In dirhams, the same round of materials quoted different figures and a different breakdown: a studio without a balcony at AED 598,000, with a balcony at AED 680,000, a one-bedroom at AED 1.08 million, a two-bedroom with a pool at AED 1.6 million. Two prices for the same building in the same month is normal at launch: they refer to different unit pools and shouldn't be compared to each other.

Payment plan: 20% down payment, 10% within 90 days, then 10% each at 20%, 40% and 60% construction, and 40% on handover.

Mixed-use format and location

The tower is conceived as mixed-use: alongside apartments from studios to penthouses, it has six retail units and 38 offices. It stands right next to a JVC park.

At launch in February 2024 a sizeable 40% of the price was deferred to handover in 2027, a payment the developer suggested covering with a mortgage.

Unit mix, areas, prices and the payment plan — Iman Developers' launch materials, February 2024. Storey count, unit count, district and architect — propsearch factsheet. Commercial component and location — launch announcement, February 2024.