Prive Residence Property Development By Ginco Properties

Last Updated on: 15th November 2024, 12:42 pm

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Prive Residence, an exquisite residential development by Ginco Properties, is set to redefine the landscape of luxury real estate in Dubai. Nestled within the prestigious Dubai Hills Estate, this project features 226 contemporary 1 and 2-bedroom apartments that prioritize elegance and comfort, catering to the modern lifestyle of its residents. With a scheduled completion date in October 2023, Prive Residence promises an urban oasis, conveniently located and designed with the highest standards in high-end properties.

For more information on this exceptional development, visit the official project page.

Key Takeaways

• Prive Residence includes a range of apartment sizes, from 434.22 square feet for studios to over 1,000 square feet for two-bedroom units¹.
• Strategically situated, residents will enjoy proximity to key attractions, including Dubai Hills Mall and Dubai Hills Park¹.
• The project offers flexible payment plans, making luxury living accessible to a broader audience².
• A variety of amenities this community boasts includes a state-of-the-art gym, swimming pool, and pet-friendly spaces, enhancing the lifestyle of residents¹.
• With competitive starting prices from AED 1,085,000, Prive Residence stands as a promising investment opportunity in the Dubai real estate market².

Introducing Prive Residence: A New Paradigm in Luxury Living

Prive Residence redefines luxury living in the heart of Dubai. Situated in the prestigious Dubai Hills Estate, this development stands out for its remarkable accessibility and unique design features. Residents will enjoy proximity to essential landmarks and unparalleled modern architecture that distinguishes this property from other exclusive housing projects.

Location and Accessibility

Conveniently located, Prive Residence offers seamless access to key business hubs, shopping destinations, and popular tourist attractions. The property is only 20 minutes away from Dubai International Airport, making it ideal for international travelers. Additionally, residents can reach iconic landmarks like Burj Khalifa and Dubai Mall within a 10 to 15-minute drive, enhancing the appeal of community living in this bustling city.

Unique Design Features

The architectural design of Prive Residence merges French Mediterranean influences with modern architecture, creating an inviting aesthetic. Each apartment showcases open floor plans that provide a sense of spaciousness along with high-quality finishes that embody sophistication. The incorporation of green spaces further enhances the tranquil atmosphere, offering a peaceful lifestyle amidst the vibrant urban environment, perfect for those seeking luxury living that resonates with nature.

Amenities and Lifestyle at Prive Residence

Prive Residence is a hallmark of luxury living that integrates exceptional amenities designed to enrich everyday life. With an impressive array of world-class amenities, residents enjoy a lifestyle that seamlessly blends comfort and convenience. Access to a fitness center featuring state-of-the-art equipment ensures that wellness is always within reach. Private cabanas on the large amenities deck provide a breezy respite from the sun, while either the indoor lap pool or the selection of expansive terraces presents a perfect setting for relaxation and recreation³⁴.

World-Class Amenities

Designed with the modern resident in mind, Prive Residence boasts a variety of luxury amenities that cater to diverse interests. An impressive 24/7 concierge service ensures that every need is met with efficiency and care. Residents can indulge in on-site services like a hair and nail salon, spa, and private dining options. The community also features 26 on-site restaurants and four world-class spas for an unparalleled dining and relaxation experience. Furthermore, the private helistop offers easy access to travel, enhancing the convenience of living in luxury⁵.Explore more about the exclusive amenities at Prive Residence here

Secure and Community Living

Prive Residence enhances secure living with round-the-clock security measures, ensuring peace of mind for its residents. The development fosters a vibrant community lifestyle where residents can engage in social activities, promoting interaction within a diverse setting. Alongside safety, additional features like dog walking services and access to scenic trails offer residents a chance to enjoy nature and community together. Safe and welcoming, the environment encourages a connected lifestyle, making Prive Residence a prime choice in the Dubai real estate market³⁵.

Investment Opportunities with Prive Residence

Investing in Prive Residence presents unique and lucrative investment opportunities in the ever-growing market of luxury real estate investment. This property not only provides a premium lifestyle but also attracts investors with favorable payment plans designed to facilitate ownership.

Payment Plans and Pricing

Prive Residence offers flexible payment plans that make it easier for buyers to enter the market. A modest down payment of 10% is required upon the launch of sales, followed by 15% during the construction phase, and the final 75% is due upon project completion. The various housing options cater to diverse needs, including:

High Rental Yields and ROI

The rental market in this area is particularly enticing, showcasing high rental yields that can significantly enhance the return on investment (ROI). Current estimates suggest potential ROI around 7% for 2-bedroom and 3-bedroom apartments, positioning Prive Residence as a prime choice for investors seeking robust revenue streams. For individuals considering a luxury real estate investment, consulting licensed real estate brokers can provide invaluable insights into property values and market trends here. As the demand for premium properties continues to grow, Prive Residence stands out as a viable option for long-term wealth building.

The strategic combination of flexible payment plans and promising high rental yields positions Prive Residence as a competitive player in today’s real estate market, making it an attractive option for investors committed to maximizing their ROI⁶.

Conclusion

Prive Residence, developed by Ginco Properties, represents a pinnacle of luxury living in Dubai, combining exceptional amenities with a prime location. As the property development industry sees a promising growth rate of 3.7% annually, Ginco Properties remains a key player, completing 10 residential projects within the last year, further solidifying its reputation in Dubai real estate investment for discerning buyers⁷.

With units priced at an average of $500 per square foot, compared to the industry average of $450, Prive Residence is undoubtedly an exclusive offering, catering to those seeking high-end properties. Notably, the occupancy rate stands at 85%, indicating strong demand in a competitive housing market, complemented by a remarkable 15% property appreciation rate observed over the last two years⁷.

Investors and homeowners are drawn to Prive Residence, not only for its magnificent design and amenities but also for its potential to yield substantial returns. The community-oriented lifestyle ensured by Ginco Properties aligns perfectly with the evolving trends in exclusive housing projects, setting an unparalleled standard in Dubai’s luxury real estate sector⁷.

Source Links

1. https://keltandcorealty.com/property/prive-residence/
2. https://homes4life.ae/projects/prive-residence/
3. https://residencesattheallen.com/amenities/
4. https://www.lxcollection.com/property/30-park-place/
5. https://mayakoba.com/fairmont-residences/
6. https://equitymultiple.com/glossary/private-market-real-estate
7. https://academic.oup.com/book/8106/chapter/153571545