New homes in One Residence at Downtown Dubai start at AED 1,270,000; keys are due Mar 2027; you pay 10% to book, 40% while it is built and 50% at the keys.
Keys
Mar 2027
The developer's handover date
Payment plan
10 / 40 / 50
10% to book, 40% while it is built, 50% at the keys
Bedrooms
Studio to 2 beds
Sizes
470 to 1,345 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,702 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
Paying for it
You pay 10% when you book, 40% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
10%
AED 127,000
Jan 2027
While it is built
40%
AED 508,000
Mar 2027
Keys
50%
AED 635,000
Booking payment, 10%
AED 127,000
Dubai Land Department fee (Oqood), 4%
AED 50,800
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 177,800
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.
Buildings in this area paid a median of AED 26 per sq ft a year in 2023, from 22 buildings on the Dubai Land Department register. For the smallest home (470 sq ft) that is about AED 12,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 166 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Downtown Dubai, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
We compare with off-plan sales across Downtown Dubai, as this project isn't on the Dubai Land Department register yet or has too few sales.
Dubai Land Department recorded 166 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Downtown Dubai, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 3,785 per sq ft
AED 3,060 to AED 3,210 per sq ft
3 sales
AED 3,210 to AED 3,361 per sq ft
11 sales
AED 3,361 to AED 3,511 per sq ft
6 sales
AED 3,511 to AED 3,661 per sq ft
30 sales
AED 3,661 to AED 3,811 per sq ft
45 sales
AED 3,811 to AED 3,961 per sq ft
68 sales
AED 3,961 to AED 4,112 per sq ft
1 sale
AED 4,112 to AED 4,262 per sq ft
2 sales
AED 3,060 per sq ftAED 4,262 per sq ft
This project AED 2,702 per sq ft, below every sale
Half of the sales sold for AED 3,628 to AED 3,855 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 3,060 to AED 3,210 per sq ft
3
AED 3,210 to AED 3,361 per sq ft
11
AED 3,361 to AED 3,511 per sq ft
6
AED 3,511 to AED 3,661 per sq ft
30
AED 3,661 to AED 3,811 per sq ft
45
AED 3,811 to AED 3,961 per sq ft
68
AED 3,961 to AED 4,112 per sq ft
1
AED 4,112 to AED 4,262 per sq ft
2
The 3 closest sales
Picked from the 166 similar sales above, closest in size to this project's smallest home.
Feb 2026AED 1,548,500AED 3,294 per sq ftOne Residence, 470 sq ft
Jan 2026AED 1,548,500AED 3,294 per sq ftOne Residence, 470 sq ft
Dec 2025AED 1,525,000AED 3,244 per sq ftOne Residence, 470 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Downtown Dubai in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 1,270,000 here
Off-plan medianAED 1,800,000AED 3,898 per sq ft
Sales394
Price far from 166 similar sales
1-bed apartment
Off-plan medianAED 3,274,000AED 3,778 per sq ft
Sales264
2-bed apartment
Off-plan medianAED 4,770,000AED 3,364 per sq ft
Sales282
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
6.2%
Typical for similar ready homes
6.3%
Median rent of studio apartments in Downtown Dubai
AED 79,000 a year
Rent contracts counted
397
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 79,000 a year
1-bed apartment
AED 122,000 a year
2-bed apartment
AED 195,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 79,000 ÷ AED 1,270,000 = 6.2%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Burj Khalifa/Dubai Mall Metro Station1.8 km, 7 min driveMetro station
Mandarin Oriental4.4 km, 9 min driveBeach
Business Bay creek front1.5 km, 4 min driveWaterfront
GEMS Wellington Primary School2.4 km, 7 min driveSchool
Hartland International School2.5 km, 9 min driveBritish school
Dubai International School3.6 km, 8 min driveAmerican school
Ginco Properties is building One Residence at Downtown Dubai, a project of 453 homes with studios, one- and two-bedroom apartments and penthouses from AED 1,270,000. The listed handover is March 2027, about four months away, and half the price is due then.
With the listed handover about four months away, ask for a construction update and when the completion certificate is expected. The plan is 10% on booking, 40% during construction and 50% at handover. At the from price that is AED 127,000, AED 508,000 and AED 635,000. Separately, the 4% DLD fee comes to AED 50,800; ask when it is due.
The price check for this project isn't reliable enough to quote. Ask for the price and size of the exact unit you want and compare it with recent sales in Downtown Dubai. There are no floor plans with the listing, so ask for the plan of that unit too.
The building is listed as 3B + G + M + 4P + 30 storeys. The listing gives studios to two bedrooms at 470 to 1,345 sq ft, and also mentions penthouses. Homes have floor-to-ceiling windows, balconies and porcelain tile floors, and shared facilities include a gym, yoga studios, an infinity pool, a children's pool, a play area, a Zen garden, picnic areas, covered parking and 24/7 security.
A medical centre is about 460 m away and the Business Bay creek front about 1.5 km. Burj Khalifa/Dubai Mall Metro Station is about 1.8 km away, around 7 minutes by car. GEMS Wellington Primary School is about 2.4 km away and Hartland International School about 2.5 km.
Median price of studio apartments in Downtown Dubai, over the 12 months to each dateUp 28% from Dec 2024 to Sep 2026.
Dec 2024AED 3,048 per sq ft
Sep 2026AED 3,898 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 3,898 per sq ft
394 sales
Jun 2026
AED 3,898 per sq ft
394 sales
Mar 2026
AED 3,866 per sq ft
408 sales
Dec 2025
AED 3,866 per sq ft
394 sales
Sep 2025
AED 2,892 per sq ft
122 sales
Jun 2025
AED 2,872 per sq ft
141 sales
Mar 2025
AED 2,871 per sq ft
125 sales
Dec 2024
AED 3,048 per sq ft
202 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.
When is handover?
The listed handover is March 2027, about four months from now. Ask for a construction update and when the completion certificate is expected.
How much do I pay and when?
At the from price: AED 127,000 on booking, AED 508,000 during construction and AED 635,000 at handover. Separately, the 4% DLD fee comes to AED 50,800; ask when it is due.
How does the price compare with recent sales in Downtown Dubai?
The price check for this project isn't reliable enough to quote. Compare the price and size of your unit with recent sales in Downtown Dubai.
How many homes are there, and how big are they?
453 homes in total, from studios to two bedrooms plus penthouses, at 470 to 1,345 sq ft by the listing. Ask for floor plans, as none are listed.
How far is the metro?
Burj Khalifa/Dubai Mall Metro Station is about 1.8 km away, around 7 minutes by car.
