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Ginco Building

Ginco Building

About the project Ginco Building

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Ginco Building is a six-storey residential complex located in Dubai International City (Phase 2). The project was developed by GMC Ventures.

Properties include studios and one-bedroom apartments that range in size from 500 sq. ft. to 905 sq. ft. All units have built-in wardrobes and balconies. Studios have large living rooms, semi-open kitchens, and bathrooms. Apartments also have guest bathrooms and bedrooms with ensuite bathrooms.

The complex provides a variety of amenities and services, including:

  • Covered parking
  • High-speed lifts
  • 24-hour security with video surveillance
  • Central air conditioning
  • Swimming pool
  • Modern gym
  • Walking and jogging paths
  • 24-hour concierge services
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Property Information

Location

The nearest bus stop, Avon Residences, is located within a 10-minute walk of the complex and services the 17, X13, and X28 routes. Dubai International Airport can be reached within a 20-minute drive, and Al Maktoum International Airport is situated within a 40-minute drive.

The building is located near several social and leisure facilities, including:

  • Gandofly Seafood Restaurant, Lahore Tandoori, and Grill Burg Cafe
  • Choice Supermarket, Wadi Al Madina, and Sulthan Al Madeena
  • Shaklan Hypermarket
  • Galaxy Food Market
  • King’s School Nad Al Sheba and Repton School Dubai
  • Apple International Polyclinic Medical Centre
  • Silicon Oasis Community Park

The complex is situated within a 10- to 20-minute drive of many popular destinations, including:

  • Dragon Mart, a shopping mall with a wide selection of Chinese goods and several Chinese restaurants
  • Ras Al Khor Wildlife Sanctuary, a sanctuary with mammals, crustaceans, birds, fish, and reptiles, as well as colourful flamingos
  • Dubai Safari Park, a safari park with animals and a variety of family-friendly activities
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Payback

International City is a modern residential area that features architecture inspired by other countries. The area is one of Dubai’s most affordable residential communities. As a result, properties at Ginco Building are in high demand among tenants and investors. Units have a return on investment rate of 6%.

Studios and apartments can be purchased to subsequently rent out, which can generate long-term profits. Annual rental rates range from AED 18,000 (USD 5,000) to AED 30,000 (USD 8,000), and the estimated payback period ranges from 14 to 17 years.

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