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About One Residence
One Residence is a Ginco Properties development in Downtown Dubai, launched in 2024 as a roughly AED 1.2 billion project with studios through three-bedroom apartments.
Launch pricing started from about AED 1.2M on a 50/50 plan; current resale asks range from around AED 1.45M for studios to above AED 9M for three-bedroom units.
Handover is widely cited for Q1 2027, although one listing quotes Q4 2028.
Payment
Payment plan
50/50 — 50% during construction, 50% on handover
At a glance
One Residence key facts
- Developer
- Ginco Properties
- Community
- Downtown Dubai
- Status
- Under construction
- Handover
- Q1 2027
- Starting price
- AED 1.2M
- Unit types
- Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom
- Payment plan
- 50/50
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 1.2M. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at One Residence
- 01
Shortlist and reserve
Choose a unit type and view at One Residence and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Ginco Properties issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q1 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Downtown address at a comparatively accessible entry
- 50/50 payment structure
- Handover within months
What to weigh
- One listing cites a later Q4 2028 date
- Developer less established than Downtown's major names
- Resale prices now well above launch
FAQ
One Residence — frequently asked questions
What is the starting price of One Residence?
Published pricing at One Residence starts from AED 1.2M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of One Residence?
One Residence is scheduled for handover in Q1 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for One Residence?
50/50 — 50% during construction, 50% on handover
Who is the developer of One Residence?
One Residence is developed by Ginco Properties in Downtown Dubai, Dubai.
What unit types are available at One Residence?
One Residence offers Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is One Residence located?
One Residence is in Downtown Dubai, Dubai.
Can foreigners buy at One Residence?
Yes. Downtown Dubai is a freehold area, so buyers of any nationality can own property at One Residence outright.
Does buying at One Residence qualify for the UAE Golden Visa?
The entry price of AED 1.2M is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at One Residence?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 48K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at One Residence?
MRK Real Estate advises on primary purchases and resales at One Residence. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Ginco Properties before any transaction.
