One River Point by Ellington

One River Point is a premium 45-storey residential development by Ellington Properties in the ever popular area of Business Bay. Standing tall alongside the Dubai Water Canal, the complex offers a collection of designer studios and 1-3 bedroom apartments. Those who opt for more luxury and space, can choose from 3-4-bedroom duplexes with private swimming pools and 3-4-bedroom penthouses.

The residences measure from 487 sq. ft to 5,847 sq. ft, including the balconies. The layouts may include a laundry room, a powder room and a maid’s room. The duplexes and penthouses come with a study, a store room and a private terrace, whilst select units are additionally complemented with a swimming pool. What’s more, the 3-bedroom units, penthouses and duplexes will have an integrated drop-in sink with a vegetable and fruit rinser and a pop-up downdraft hood slider in the kitchens.

You will be treated to an abundance of amenities onsite, including:

• Immersive room
• Clubhouse
• Swimming pool
• Cabanas
• Club lounge
• Fitness studio
• Yoga studio
• Co-working area
• Concierge service

In terms of parking spaces, studios and 1-2 bedroom apartments are provided with 1 spot. The rest of the properties have 2 spots.

Property Information

• Location
• Business Bay, Dubai, UAE
• Developer
• Ellington Properties
• Status of Project
• In process
• Type of Project
• Residential Building
• Units
• Studios - 3BR Apartments, 3-4BR Penthouses, 3-4BR Duplexes
• Area from
• 487 sq. ft.
• Total Amount of Units
• 450
• Payment Plan
• 70/30

Property Prices

As of Q4 2023, the starting price for a 1-bedroom apartment is AED 2.78M (USD 757K). The anticipated service charge is AED 20 (USD 5.4).

*The price is valid for 2023

Location

One River Point is situated alongside Asayel St in Business Bay, enabling you to enjoy hassle-free commutes around the rest of Dubai. It will take about 20 minutes to reach Dubai International Financial Center (DIFC), Za’abeel and Dubai International Airport, among other popular locations.
Within walking distance are the Avanti Tower and Capital Golden Tower bus stations, if you prefer public transport.
Right next to One River Point, the following facilities can be found:

• Thumbay Pharmacy 9 – Business Bay
• Careem Bike Station
• Gala Supermarket
• F&B: Maria’s Coffee and Kitchen, Under 500 and What a Treat Restaurant Dubai

In addition to these, there is an array of prestigious educational and healthcare facilities less than a 15-minute drive away. Among them are Blossom Business Bay Nursery, Learning Tree Nursery, Emirates Hospital Clinics – Business Bay and Aster Clinic Business Bay.

Economic Appeal

Real estate investment in One River Point provides you with either a 2-year investor visa valued at AED 750K (USD 204K) or a 10-year Golden visa worth AED 2M (USD 545K). Long-term visas in the UAE offer family sponsorship through visa holders. It is worth noting that a 10-year Golden visa provides you with the opportunity to sponsor your domestic staff as well.

In Business Bay, the average gross ROI stands at 5.8%. The starting rental price is AED 65K (USD 18K) per year. Judging by these indicators, you can enjoy lucrative passive income and multiply your capital if you decide to rent out your property in One River Point.

The master developer offers a 70/30 payment plan. The booking fee is 20%. During construction, 50% of the purchase price must be paid, and upon completion in Q2 2027, the final 30% will be due.

*The price is valid for 2023