Staff Report
Dubai, UAE
One Development, a homegrown boutique developer in the UAE, has announced the sell-out of the first phase of its flagship project, Laguna Residence. It achieved this milestone within less than a month of launch, highlighting the growth in trust shown by local and international investors in the UAE’s vibrant real estate market and the unique appeal of this development.
Laguna Residence, located in the heart of Dubai’s City of Arabia, is the UAE’s first AI-integrated residential community, introducing technology to enhance urban living. The development features the region’s first sandy beach lagoon set on a podium and offers a range of units, from studios to three-bedroom apartments, duplexes and Skyhomes, all with panoramic views of the Dubai skyline. Residents benefit from AI-powered services and sustainability-focused features and enjoy easy access to over 40 amenities. Phase two of the project will soon be released to the market and will also incorporate these elements.
Ali Al Gebely, Founder and Chairman of One Development, said, “This milestone demonstrates the growing confidence of local and global investors in Dubai’s real estate sector, and the trust that the market has shown in One Development’s ability to create and deliver visionary projects. Laguna Residence is a testament to our mission of creating unique communities that define the future of urban living while attracting investment that supports Dubai’s long-term growth. The project is a perfect example of how individual elements can come together in a relationship that combines our unique AI-infused infrastructure and services with comfort and style.”
Sales data has revealed significant interest from a globally diverse mix of investors, highlighting the interest that Laguna Residence has generated, making it a desirable development that blends innovation with dynamic investment opportunities.
One Development’s commitment to global expansion was recently highlighted by the success of its first international collaboration with Doo Properties, the globally recognised property experts who now represent One Development in China as the result of an agreement signed just 23 days after Laguna Residence’s launch. This strategic alliance reflects the developer’s dedication to expanding its international footprint and creating opportunities that appeal to investors worldwide.
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Also read: One Development unveils Dh2 bn flagship project in City of Arabia
