Ginco Properties has announced the launch of One Residence, a Dh1.2 billion luxury development poised to set a new standard in opulent living. Scheduled for completion in the first quarter of 2027, One Residence is strategically positioned in the heart of Downtown Dubai, an area that has recently seen remarkable growth. Over the past few years, Downtown Dubai has experienced a 133% increase in property transactions and a significant 41% rise in rents, solidifying its status as a premier investment destination.
Designed by the acclaimed architect Brad Wilkins, known for his work on iconic skyscrapers such as the Pearl River Tower in China and the Burj Khalifa in Dubai, One Residence is set to become another striking addition to Dubai’s skyline. Wilkins brings his extensive international experience from projects in Singapore, China, and the USA to this ambitious development.
One Residence will feature 453 luxury residences spread over 30 floors. Prospective residents can choose from studios, one-bedroom, and two-bedroom apartments, as well as exclusive penthouses, all boasting panoramic views of the city skyline. The project aims to offer competitive pricing, starting from Dh1.2 million, with a convenient 50:50 payment plan crafted by One Broker Group (OBG), the exclusive sales partner for Ginco Properties. The development will be managed by Urban Properties.
Founded in 1975 by Gheyath Mohammad Gheyath, Ginco Properties is committed to enhancing Dubai’s reputation as a global luxury living destination. “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,” said Engineer Masood Gheyath, Managing Director of Ginco Properties.
One Residence’s prime location near the Burj Khalifa and Dubai Mall presents residents and investors with an exclusive opportunity to live in one of the world’s most prestigious areas. This new development promises to be a significant milestone in Downtown Dubai’s real estate landscape, offering unparalleled luxury and convenience.