The real estate market in Downtown Dubai has shown strong growth and resilience, establishing itself as a leading investment hub. There has been a notable 133% surge in property transactions and a substantial 41% increase in rents in recent years. Following this trend, Ginco Properties has unveiled One Residence, aiming to redefine luxury living. Located strategically in the heart of Downtown Dubai, One Residence is priced at Dh1.2 billion. The design of One Residence is the work of acclaimed architect Brad Wilkins, who has extensive experience across three continents and has worked on renowned projects in Singapore, China, and the USA. Known for designing some of the world's most famous skyscrapers, including the Pearl River Tower in China and the Burj Khalifa in Dubai, Wilkins is thrilled to be contributing to another iconic skyscraper in Downtown Dubai. One Residence features 453 luxury units spread over 30 floors, offering a range of options from studios and one-bedroom and two-bedroom apartments to exclusive penthouses, all with panoramic city views. One Broker Group (OBG) is the exclusive sales partner for Ginco Properties, offering a 50:50 payment plan for the new One Residence apartments, with prices starting from Dh1.2 million. The development will be managed by Urban Properties. Ginco Properties, a subsidiary of the Ginco Group founded by Gheyath Mohammad Gheyath in 1975, aims to enhance Dubai's reputation as a global luxury living destination with One Residence. "By developing residences near iconic landmarks like the Burj Khalifa and Dubai Mall, Ginco Properties not only enhances the city's skyline but also enriches its urban fabric," stated Engineer Masood Gheyath, Managing Director of Ginco Properties. One Residence is perfectly situated near the Burj Khalifa and Dubai Mall, offering residents and investors a unique chance to live in one of the world's most prestigious locations.
Text: Lara Palmer
18.07.2024
Ginco Properties Introduces One Residence, a New Benchmark in Luxury Living in Downtown Dubai