One Residence construction progress
One Residence in DownTown Dubai is 6.3% built at the Land Department inspection of July 2026. Developer Ginco Properties. Completion registered for March 2027.
6.3%
Built, at the Land Department site inspection of 27 July 2026
Running behind its date
- Completion date (Land Department)
- March 2027
- Finish at recent pace
- July 2060
- Construction started
- October 2024
- Registered with the Land Department
- July 2024
- Developer
- Ginco Properties
- Community
- DownTown Dubai
- Units
- 458
- Escrow bank
- Emirates Islamic Bank
- Name in Arabic
- وان ريزيدنس
- Land Department project number
- 3150
- Land Department site inspections
- 5
Schedule
Between October 2025 and July 2026 the site added about 0.2 points a month. At that rate it would finish around July 2060, more than three months after the March 2027 date registered with the Land Department.
Site inspections
27 July 2026
6.3%+0.3 pts
9 February 2026
6.0%+1.7 pts
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27 October 2025
4.3%+2.9 pts
19 May 2025
1.3%+1.3 pts
21 June 2024
0%
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Context
DownTown Dubai has 13 projects under construction, 33% built on average.
Ginco Properties has 2 projects under construction in Dubai, none past their registered completion dates.
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Notify me when it launchesQuestions
- When will One Residence be completed?
- The completion date registered with the Dubai Land Department is March 2027. At the pace of its recent inspections the site would reach 100% around July 2060. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of One Residence is built?
- 6.3%, measured at the Land Department site inspection on 27 July 2026. The Land Department engineers have inspected the site 5 times since June 2024.
- Is One Residence delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of March 2027.
- Who is building One Residence?
- The registered developer is Ginco Properties. It has 1 other project under construction in Dubai.
- Which bank holds the escrow account for One Residence?
- Emirates Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- VelorAlso by Ginco Properties. 0%, Due November 2027.
- The St. Regis Residences, Downtown DubaiNearby in DownTown Dubai. 76%, Due December 2026.
- City Center ResidencesNearby in DownTown Dubai. 72%, Due September 2026, passed.
- Mercedes-Benz Places | BinghattiNearby in DownTown Dubai. 65%, Due December 2026.
- Baccarat Hotel And Residences, DubaiNearby in DownTown Dubai. 21%.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.