Dubai real estate firm IMAN developers sold out its One Park Square project in Jumeirah Village Circle (JVC) in just four hours.
Valued at AED320m ($87m), One Park Square is IMAN developers’ 14th development and is 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 comprises 24 floors with a mix of residential and retail spaces. The development includes 266 residential units and three retail units, offering a range of options to suit diverse lifestyles.
These include 107 studios, 115 one-bedroom apartments, 34 two-bedroom apartments, six two-bedroom duplexes, and four three-bedroom penthouses.
With its iconic facade and exclusive ceramic finishes, One Park Square is designed to deliver a high standard of living. Residents will experience an array of world-class amenities that support a balanced lifestyle, including a 40m leisure pool, a fitness centre, a jogging track, and spaces for relaxation like a zen garden and an expansive lobby.
An outdoor kids’ play area, a skate park, and a clubhouse provide options for socializing and recreation, while amenities like a yoga zone, barbecue area, and pet zone add to the unique lifestyle offerings of this development.
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 a variety of financial needs. The payment structure includes 20 per cent upon booking, followed by payments at 10 per cent intervals at key stages of construction—90 days post-booking, and at 20 per cent, 40 per cent, and 60 per cent completion—with the remaining 40 per cent 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)