One Residence Downtown Dubai

One Residence is a 453-unit tower by Ginco Properties on one of the last undeveloped plots in Downtown Dubai. It sells studios, 1 and 2 BHK apartments and 3 to 4 BHK penthouses on a 10/40/50 payment plan, with handover due in Q1 2027. PropertyPistol lists it from AED 1.61 M, about Rs 4.15 Cr at 25.75 rupees to the dirham.

It is the rare Downtown project you can still buy on instalments, from a developer whose parent has built for 45 years but whose property arm has no completed tower we could find. Both halves of that sentence matter. This page prints the unit prices, works the entry unit through to a total cost, and lists what to verify before the 10 per cent leaves your account. See all Dubai projects we track for the ready alternatives.

At a glance

Price and unit pricing

The broker price lists agree with each other more closely than most Dubai launches, and PropertyPistol's figure sits between two of them.

Two things stand out. First, the PropertyPistol figure of AED 1.61 M does not match any published unit; it is most likely a larger or higher-floor studio, so ask which unit it buys. Second, the per sq ft rate falls as the units get bigger, from about AED 2,770 on the studio to about AED 2,260 on the 1 BHK. Against the Downtown average of AED 2,650 to 3,170 per sq ft, the studio is priced with the district and the 1 and 2 BHK are priced below it, which is the opposite of the usual launch premium. The developer's price list attached to the SPA settles all of this.

Payment plan and total cost

The plan is 10 per cent on booking, 40 per cent in construction-linked instalments and 50 per cent on handover. Worked on the PropertyPistol entry price:

The service charge is an estimate from the Downtown mainstream band of AED 18 to 30 per sq ft; the building's own rate is not set until the owners' association budget is filed. There is no agency commission on a developer sale, and the 4 per cent DLD fee is the same whether you buy off-plan or ready. Ask that the 40 per cent be tied to DLD-inspected milestones rather than to calendar dates. Final as per the SPA.

Location and connectivity

The plot is inside Downtown, about five minutes by car from Burj Khalifa, Dubai Mall and Dubai Opera, five from Business Bay and Sheikh Zayed Road, ten from DIFC and 15 to 20 from Dubai International Airport. The Burj Khalifa/Dubai Mall Metro station is a 10 to 15 minute walk depending on which side of the plot the entrance sits. Downtown is finished around it, which is the point: there is no master-plan risk, and the tenant pool is the deepest in the city. Downtown recorded AED 28.4 billion of apartment sales in 2025, its highest annual total.

Amenities and specifications

The amenity list is long for a Downtown mid-rise: an infinity pool, kids' pool and splash pad, gym, yoga studio, co-working space, golf simulator, cinema, music room, kids' club, zen garden, residents' lounge, barbecue areas, and chef and laundry on demand. Unit finishes are not itemised by any source; at this price expect fitted kitchens and built-in wardrobes and ask for the specification schedule attached to the SPA. Long amenity lists raise service charges, so ask for the budgeted rate at the same time. Final as per the SPA.

About the developer

Ginco Properties is the development arm of GINCO Group, a UAE engineering and contracting group with more than 45 years in the country. Its announced pipeline includes Skyhills Residences 2 in Dubai Hills Estate and Ginco Elite Villas in Al Barari, and One Residence is presented as the flagship. None of the sources checked names a completed Ginco residential tower. That makes this a first-cycle developer with a contractor's background: the building skill is real, the handover and community-management record does not exist yet. The comparison in the same district is Emaar, which has delivered more than 130,900 homes and manages the whole of Downtown; a completed Emaar unit such as BLVD Heights costs more up front but carries no delivery risk.

For Indian buyers

Ownership. Downtown is freehold. The unit is registered in your name at the DLD as an Oqood (off-plan) record now and as a title deed at handover.

Remittance. AED 1.61 M is about USD 438,000. The LRS allows USD 250,000 per person per financial year, so a couple can cover the whole price in one year, and the 10/40/50 plan means only about USD 220,000 is needed before handover; the 50 per cent balance can fall in the next financial year. That timing is the plan's best feature for an Indian buyer.

Golden Visa. The 10-year visa needs AED 2 M of property. A studio at AED 1.3 M does not get there; a 1 BHK at AED 1.9 M to 1.98 M is a few thousand dirhams short and a 2 BHK at AED 2.5 M qualifies. Off-plan units can count once registered; confirm current rules with the ICP.

Yield and tax. Downtown studios of 400 to 700 sq ft rent for about AED 80,000 to 130,000 a year, a gross yield of 6 to 7.5 per cent, and a AED 1.3 M studio would sit near the top of that band. Deduct roughly a point for service charges. There is no UAE tax on property or rent; in India the rent is income from house property after the 30 per cent standard deduction. Resale before handover is possible once a set share of the price is paid, subject to the developer's transfer fee; check the SPA clause.

Pros

• One of the last Downtown plots — new supply in the district is close to zero
• Priced with the district — about AED 2,770 per sq ft on the studio, lower on the larger units
• 50 per cent at handover, which suits buyers remitting under the LRS across two financial years
• 453 units give depth for resale and rental
• Long amenity list for a Downtown mid-rise
• GINCO Group's contracting record — the builder is not new to towers

Cons

• No delivered Ginco residential tower named by any source — this is a first flagship
• DLD project number and escrow bank not in print
• Floor count printed as both 36 and 30
• Studios fall under the Golden Visa line, and PropertyPistol's AED 1.61 M does not say which unit it buys
• Q1 2027 handover leaves little slack; any slip pushes the 50 per cent out with it
• Service charge not yet set

Who this is for

• Buyers who want Downtown on an instalment plan rather than a ready resale at full price
• Investors who want the Golden Visa covered by a 2 BHK at AED 2.5 M
• Indian couples who can remit USD 500,000 a financial year and want half the price deferred
• Buyers who will verify the escrow and DLD status report before paying

Who should look elsewhere

• Anyone who needs to move in before 2027
• Buyers who insist on a developer with a delivered tower they can walk through
• Studio buyers expecting a Golden Visa
• Anyone unwilling to chase the DLD number and escrow details themselves

Our verdict

A fair-priced Downtown off-plan tower from an unproven developer arm, with a plan that suits Indian buyers remitting over two financial years. Book only after you have the DLD project number, the escrow bank and the latest inspection report in hand, and prefer the 1 or 2 BHK over the studio for the Golden Visa and resale. Budget six months of slack on the Q1 2027 handover. For a branded alternative at a similar entry price, see W Residences Downtown, or browse our project list.

FAQs

What is the price of One Residence in Downtown Dubai?

PropertyPistol lists it from AED 1.61 M, about Rs 4.15 Cr. Brokers print studios from AED 1.27 M to 1.3 M for about 470 sq ft, 1 BHK from AED 1.9 M to 1.98 M for about 840 sq ft, and 2 BHK from AED 2.5 M for about 1,050 sq ft. The AED 1.61 M figure sits between the studio and the 1 BHK, so ask which unit it refers to.

What is the payment plan?

10 per cent on booking, 40 per cent during construction and 50 per cent on handover. Add the 4 per cent DLD fee and the Oqood admin and AED 40 knowledge fees at registration.

When is handover?

Q1 2027 per Property Finder and brokers; PropertyPistol carries January 2027. No source prints a construction percentage, so ask for the DLD project-status report.

Is One Residence RERA registered?

It is an active DLD-registered off-plan project sold through brokers and Property Finder, but none of the sources checked prints the project number or the escrow bank. Get both from Ginco and check them on the Dubai REST app before paying the 10 per cent.

Does it qualify for the Golden Visa?

The 10-year visa needs AED 2 M of property. A studio at AED 1.3 M does not qualify on its own; a 1 BHK at AED 1.9 M falls just short unless the final price with fees is accepted at AED 2 M; a 2 BHK at AED 2.5 M qualifies. Off-plan purchases can count once the DLD registers them; confirm current rules with the ICP.

What will the service charge be?

Not set yet. Downtown buildings run AED 18 to 30 per sq ft a year in the mainstream tier, so a 470 sq ft studio would cost about AED 8,500 to 14,000 a year to hold. Ask Ginco for the budgeted rate.

What rental yield can I expect?

Downtown studios of 400 to 700 sq ft rent for about AED 80,000 to 130,000 a year and yield 6 to 7.5 per cent gross; a studio at AED 1.3 M would be near the top of that band. Deduct about a point for service charges.

Can an Indian citizen buy here?

Yes, Downtown is freehold. AED 1.61 M is about USD 438,000, so a couple can remit it in one financial year under the USD 250,000 per person LRS limit, and the 50 per cent at handover can fall in a later year.

What has Ginco delivered?

Ginco Properties is the property arm of GINCO Group, a UAE contractor with more than 45 years of history. The sources checked do not name a completed Ginco residential tower; its pipeline includes Skyhills Residences 2 in Dubai Hills Estate and Elite Villas in Al Barari. Treat One Residence as a first flagship.

Interested in One Residence? Ask Realty Hunting for the developer's current price list by floor, the DLD project number and escrow details, and a site-visit plan that pairs it with a ready Downtown tower for comparison.