Dubai Real Estate: $87M One Park Square Development in Jumeirah Village Circle Sells Out in 4 Hours

Wednesday, 20 November 2024

IMAN Developers’ latest project, One Park Square, located in the highly sought-after Jumeirah Village Circle (JVC), sold out in an impressive four hours upon launch. Valued at AED 320 million ($87 million), the development marks the developer’s 14th project and is expected to be completed by the second quarter of 2028.

Key Highlights of One Park Square:

• Rapid Sell-Out: Sold out within just four hours, showcasing the demand for luxury living in Dubai’s JVC.
• Visionary Design: According to CEO Ismail Marfani, the overwhelming interest reflects the appeal of a residence thoughtfully designed for Dubai’s modern families.
• Project Overview:
  • 24 Floors featuring a blend of residential and retail spaces.
  • 266 Residential Units and 3 Retail Units to cater to diverse lifestyles.
  • Unit Types:
    • 107 Studios
    • 115 One-Bedroom Apartments
    • 34 Two-Bedroom Apartments
    • 6 Two-Bedroom Duplexes
    • 4 Three-Bedroom Penthouses
• Completion: The project is expected to be completed in Q2 2028.

Key Features of One Park Square:

• Iconic Architecture: The building features an exclusive ceramic finish and a distinctive facade that adds to its luxurious appeal.
• World-Class Amenities:
  • 40m Leisure Pool
  • Fitness Centre and Jogging Track
  • Zen Garden for relaxation
  • Outdoor Kids’ Play Area and Skate Park
  • Clubhouse for social gatherings
  • Yoga Zone, Barbecue Area, and Pet Zone for an elevated lifestyle experience.

Flexible Payment Plans:

• IMAN Developers offered a flexible payment structure to cater to various financial needs, including:
  • 20% upon booking
  • Payment intervals at key construction stages: 90 days post-booking, and at 20%, 40%, and 60% project completion
  • 40% due upon project completion

Starting Prices:

• Studios: AED 725,000 ($197,000)
• One-Bedroom Apartments: AED 1.05M ($286,000)
• Two-Bedroom Apartments: AED 1.58M ($430,000)
• Two-Bedroom Duplexes: AED 2.37M ($645,000)
• Three-Bedroom Penthouses: AED 2.95M ($803,000)

IMAN Developers remains committed to enhancing urban living through its visionary approach and the seamless integration of luxury and functionality in every aspect of One Park Square. This development promises to become a valued addition to the JVC community, offering a modern, balanced lifestyle for residents.