Dutco and Ellington Properties announced the laying of the foundation stone for their luxury residential project, “One River Point,” worth 1.2 Billion Dirhams, on the waterfront in the Business Bay area in Dubai. The project is expected to be completed in the second quarter of 2027.
The One River Point project consists of 295 studio apartments, one-, two-, and three-bedroom apartments, and penthouses with three or four bedrooms, in addition to luxury four-bedroom duplex apartments with private swimming pools. All residential units in the project feature panoramic views of Dubai’s most prominent landmarks.
The project includes two “infinity” resort-style swimming pools, a children’s pool, a fitness studio with climbing equipment for adults, in addition to a yoga studio with a virtual trainer on the display screen. There are designated play areas for children, an area designated for entertaining pets and taking care of their hygiene, open terraces with views of the Dubai Water Canal, as well as a designated barbecue area on the roof, and an exclusive club. The project will also provide many food and beverage options and retail stores overlooking the Dubai Water Canal.
Nelson Gibb, CEO of Dutco Group, said: “Laying the cornerstone for the One River Point project contributes to strengthening Dutco’s strategic commitment to developing our real estate portfolio in cooperation with Ellington Properties, and the project is consistent with our business goal of providing advanced housing.” And high value in key locations, such as Business Bay.
Joseph Thomas, co-founder of Ellington Properties, said: “Laying the cornerstone for the One River Point project is a living testament to Ellington’s firm commitment to designing upscale modern lifestyles.”