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City Walk is Meraas open-air lifestyle destination in the heart of Dubai — low-rise residences above a 500,000 sqft retail and F&B district. Apartments from AED 1.8M for 1BR with 6% long-term yield and 9–12% STR yield for managed furnished units. One of Dubai most genuinely walkable urban addresses.
What City Walk Is
City Walk is a Meraas-developed urban neighbourhood in Al Wasl, between Sheikh Zayed Road and Jumeirah, approximately 10 minutes from Downtown Dubai. The development is distinctive: low-rise residential buildings (5–8 floors) above a 500,000 sqft open-air retail and restaurant district designed around pedestrian streets. This is genuinely walkable urban living — rare in Dubai.
Key anchors: Roxy Cinema multiplex, Coca-Cola Arena (17,000-capacity indoor venue), and a broad mix of international and local F&B.
Price and Yield Data — 2026
| Property Type | Avg Sale Price | Annual Rent | Gross Yield |
|---|---|---|---|
| 1BR Apartment | AED 1,800,000 | AED 110,000 | 6.1% |
| 2BR Apartment | AED 2,900,000 | AED 175,000 | 6.0% |
| 3BR Apartment | AED 4,500,000 | AED 250,000 | 5.6% |
STR Premium
City Walk is one of Dubai's top STR communities. The Coca-Cola Arena, proximity to Downtown, and walkable lifestyle make it attractive for short-stay visitors. Event nights can command 3–4x normal daily rates. Managed STR operations are achieving 70–80% annual occupancy and 9–12% gross yields on furnished apartments.
DRE Verdict
City Walk is a premium lifestyle and STR play. Entry at AED 1.8M for 1BR is higher than most Dubai communities but the address, walkability, and STR performance justify it for the right buyer. Best for buyers seeking a Dubai pied-a-terre or an actively managed STR asset with above-market returns.
Data: DLD, District Real Estate transaction records, Q1-Q2 2026.
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