Preston Development has announced the official launch of One By Preston, a key residential development located in Dubai South. The announcement came yesterday following the successful approval of the project's escrow account. This regulatory milestone marks the completion of key requirements, serving as a critical step in the project's lifecycle. It is designed to reinforce confidence among both investors and prospective homebuyers regarding the development's financial viability and construction timeline.
The boutique development features a total of 56 residential units, a deliberate choice to maintain intimacy. The collection includes a mix of studios, one-bedroom, and two-bedroom apartments to cater to diverse living needs. By offering this limited number of units, the project provides an exclusive low-density living environment rarely found in larger complexes. The residences feature larger-than-average layouts, distinguishing them from standard offerings in the market by prioritizing space and comfort for residents.
One By Preston aims to stand out in the area by offering one of the most competitive price-per-square-foot values available. Despite this competitive pricing strategy, all residences will be delivered fully furnished to ensure immediate move-in readiness. The interiors will include premium Italian furniture by Casanova. The brand is recognized as one of Italy's leading luxury furniture brands, ensuring a high standard of finish for residents without requiring additional expenditure or effort from buyers.
According to details released by Preston, pricing for the two-bedroom apartments starts from AED 999,000 in cash. This figure converts to approximately $271,965, positioning it as an accessible entry point. The purchase is supported by a flexible payment plan structured to assist buyers with financial management. Under this plan, 70% of the payment is due during construction, aligning costs with progress. The remaining 30% is spread over 30 months after handover, further easing the financial burden. Project completion is scheduled for December 2027.
The launch of these new developments follows the completion of Dubai's regulatory requirements, a process that ensures compliance and security. This progression reflects the continued strength and maturity of the emirate's real estate sector. The successful navigation of these regulatory steps reinforces Dubai's appeal as a trusted destination for long-term property investment, highlighting the sector's ongoing resilience and attractiveness to buyers seeking stable opportunities.
Frequently asked questions
What is the launch status of One By Preston in Dubai South?
Preston Development has officially launched One By Preston in Dubai South, following the successful approval of the project's escrow account.
How many residential units are available in One By Preston?
One By Preston features a total of 56 fully furnished residential units, including studios, one-bedroom, and two-bedroom apartments.
What is the starting price for a two-bedroom apartment in One By Preston?
The starting price for a two-bedroom apartment in One By Preston is AED 999,000 in cash, approximately $271,965.
