According to Dubai real estate company IMAN developers, the One Park Square property in Jumeirah Village Circle (JVC) sold out in under four hours.
One Park Square, valued at AED320m ($87m), is IMAN developers’ 14th development, scheduled for completion in the second quarter of 2028.
Ismail Marfani, CEO of IMAN Developers, said: “The overwhelming demand for One Park Square demonstrates the appeal of a thoughtfully designed residence that resonates with Dubai’s modern families.
One Park Square in Dubai sold out
“This project represents our commitment to elevating urban living with a design that combines the timeless beauty of nature with the functionality and luxury that define IMAN developers. We are excited to see One Park Square become a valued part of the JVC community.”
One Park Square in Dubai has 24 stories with a variety of residential and retail spaces. With three retail locations and 266 residential apartments, the property provides a range of options to suit various lifestyles.
These consist of four three-bedroom penthouses, six two-bedroom duplexes, 34 two-bedroom flats, 107 studios, and 115 one-bedroom apartments.
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One Park Square’s distinctive exterior and premium ceramic finishes are intended to provide a high quality of life. Residents will experience an array of world-class amenities that support a balanced lifestyle, including a 40m leisure pool, a fitness center, a jogging track, and spaces for relaxation like a zen garden and an expansive lobby.
A clubhouse, a skate park, and an outdoor children’s play area give opportunities for socializing and leisure, while features like a yoga area, barbecue area, and pet area enhance the development’s distinctive lifestyle offerings.
The building configuration includes studios, one- and two-bedroom apartments, two-bedroom duplexes, and three-bedroom penthouses.
IMAN Developers offered flexible payment plans tailored to suit various financial needs. The payment structure includes 20% upon booking, followed by payments at 10% intervals at critical stages of construction—90 days post-booking, and at 20%, 40%, and 60% completion—with the remaining 40% due upon project completion.
Starting prices were:
- Studios: AED725,000 ($197,000)
- One-bedroom apartments: AED1.05m ($286,000)
- Two-bedroom apartments: AED1.58m ($430,000)
- Two-bedroom duplexes: AED2.37m ($645,000)
- Three-bedroom penthouses: AED2.95m ($803,000)