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Positioned in the heart of Downtown Dubai, the plush real estate development is valued at AED 1.2 billion
July 22, 2024 | Staff Reporter | UAE | Developers
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Downtown Dubai’s real estate market has demonstrated robust growth and resilience, cementing its position as a top investment destination, with a remarkable 133% increase in property transactions and a significant 41% rise in rents over recent years. In line with this trend, GINCO Properties has announced the launch of ONE RESIDENCE, a pioneering real estate development that establishes a new benchmark in luxurious living.
Strategically positioned in the heart of Downtown Dubai, ONE RESIDENCE is valued at AED 1.2billion and created by Brad Wilkins, a renowned architect who has lived and worked across three continents, with reputed projects across Singapore, China and the USA. Specialized in building some of the world’s most well known skyscrapers like Pearl River Tower in China and even the Burj Khalifa in Dubai, Wilkins is excited to be back creating another striking skyscraper in the iconic Downtown area. The ONE Residence, is all set to become an unmissable feature on the exuberant Downtown skyline, prominently featuring luxurious copper panels that play magic with the sunbeams, casting warm hues and creating a distinct visual allure.
ONE RESIDENCE shares its location with the best of Dubai’s retail and hospitality. It comprises 453 luxury residences across 30 floors, offering a variety of configurations to cater to diverse lifestyles. From cozy studios and one-bedroom and two-bedroom layouts to exclusive penthouses, each apartment is meticulously designed with the finest materials and sweeping panoramic views of the city skyline.
Award-winning real estate agency One Broker Group (OBG), the sales partner for GINCO Properties, has crafted a 50:50 payment plan for the coveted new ONE Residence apartments which will offer competitive pricing starting from AED 1.2 million. The development of ONE Residence will be managed by Urban Properties, a leading and prominent name in the realm of UAE’s top real estate projects. They will be driving the development with their 20 years of experience in seamless collaboration, meticulous planning and execution.
“GINCO Properties has been steadfast in contributing to Dubai’s vision of expanding its real estate landscape by delivering iconic projects that align with the city’s growth trajectory. With ONE RESIDENCE, we aim to elevate Dubai’s global standing as a premier destination for luxury living. By strategically developing residences near landmarks like the Burj Khalifa and Dubai Mall, GINCO Properties not only enhances the city’s skyline but also enriches its urban fabric. This commitment is rooted in our dedication to creating sustainable, innovative spaces that meet the evolving needs of residents and investors alike, thus supporting Dubai’s vision of continued growth and prosperity in the real estate sector,” said Engineer Masood Gheyath, Managing Director of GINCO Properties
ONE RESIDENCE enjoys an ideal location near the iconic Burj Khalifa and Dubai Mall, presenting residents and investors with an exclusive opportunity to reside in one of the globe’s most esteemed destinations. Surrounded by a dynamic cityscape featuring Michelin-star restaurants, world-class theatres, and premiere shopping destinations, residents will be immersed in the epitome of luxury and excitement. In addition, the property features an engaging mix of textures and materials, with expansive floor-to-ceiling windows providing panoramic views of the city skyline. Sleek bronze-finished balconies with minimalist railings emphasize the building’s vertical lines, contributing to its grandeur. Luxurious copper panels catch the sunlight, casting warm hues and creating a distinct visual allure. The development is scheduled to be completed and handed over in the first quarter of 2027.
