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Dutco and Ellington Properties start construction of AED1.2 billion development: One River Point

Strategic Partnership
  • Highlight the collaboration between Dutco and Ellington Properties in commencing the construction of One River Point, a landmark development project valued at AED1.2 billion, underscoring their shared commitment to delivering premium real estate offerings in Dubai.

Dutco and Ellington Properties start construction of AED1.2 billion development: One River Point

Dubai: Dutco and Ellington Properties have announced the groundbreaking of their luxury waterfront residential development, One River Point, in Business Bay. This milestone follows shortly after its launch, highlighting their commitment to delivering aspirational addresses with resort-like amenities and a curated lifestyle for long-term customer value. The project is estimated to be completed in Q2 2027.

Elevating urban living to new heights, One River Point, an architectural masterpiece from the Dutco Ellington brand, is in the heart of the thriving Business Bay neighborhood. It comprises 295 design-led studios, one, two, and three-bedroom apartments, three and four-bedroom penthouses, and exclusive four-bedroom duplexes with private pools.

The development offers panoramic views of iconic Dubai landmarks. Seamlessly blending contemporary aesthetics with cutting-edge technology, the property features abundant amenities, including two resort-style infinity pools, a children’s pool, a fitness studio with adult climbing provisions, a yoga studio with a virtual trainer, an immersive experience room, kids’ play areas, a pet wash and play area, open terraces with Dubai Canal views, a barbecue deck, and an exclusive clubhouse. Upscale food and beverage and retail options overlooking Dubai Canal add the final touch to this sophisticated and innovative lifestyle experience.

Nelson Gibb, Group CEO of Dutco, said: “The groundbreaking of One River Point reinforces Dutco’s strategic commitment to advancing our real estate portfolio in collaboration with Ellington Properties. This venture aligns seamlessly with our business objective of delivering high-value, sophisticated residences in key locations such as Business Bay. We are not just creating living spaces but curating an upscale lifestyle, contributing to our vision of setting new benchmarks in Dubai’s competitive real estate market. Dutco’s top-tier construction arm will deliver a high-quality product to our discerning customers.”

Joseph Thomas, Co-Founder of Ellington Properties, said: “The groundbreaking of One River Point stands as a vivid testament to Ellington’s steadfast dedication to curating remarkable lifestyles. It signifies more than just the initiation of construction; it embodies our unwavering commitment to redefining urban living. This ceremony boldly asserts our vision of setting new benchmarks in the realm of real estate, showcasing our determination to shape environments that reflect the aspirations and values of our discerning clientele.”

The initiation of construction of One River Point marks a pivotal moment in the enduring collaboration between Dutco and Ellington Properties, embodying their collective vision to enhance the value proposition of prominent residential communities such as Business Bay.

About Dutco: With a history dating back to 1947, Dutco’s development is intertwined with Dubai’s growth, evolving into a diverse, multi-faceted organization with operations in real estate, construction, luxury hospitality, trading, logistics, and energy. Dutco’s businesses span 8 countries with over 10,000 employees.

About Ellington Properties: Founded in 2014, Ellington Properties is Dubai’s leading design-led real estate developer that crafts beautiful properties and communities for unrivaled lifestyles. Known for award-winning design buildings, the company focuses on high quality, cost-efficient, and technically proficient projects in prestigious Dubai neighborhoods and Ras Al Khaimah.

Source
https://gulfnews.com/

Gulf Estate Gazette

Gulf Estate Gazette is a leading source for comprehensive insights into the dynamic real estate landscape of the GCC and MENA region. Our platform is dedicated to providing valuable information and perspectives for individuals, investors, and industry professionals. With a passionate team and an unwavering commitment to excellence, we aim to empower our audience with the knowledge and opportunities needed to thrive in the ever-evolving world of real estate in the Gulf and beyond.

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