Binghatti Developer’s announces early completion of three projects in Jumeirah Village Circle.
Dubai, August 18, 2022
Binghatti Developer’s, a leading real estate company in Dubai announced early completion of three of its projects in Jumeirah Village Circle(JVC). The three projects are Binghatti Rose, Binghatti Mirage and Binghatti Gemsall of which were completed ahead of their respective target delivery dates.
The total investment value of these three projectsis circa AED 400 million and details of each project’s composition is set out below:
- Binghatti Rose has 170 apartments;
- Binghatti Mirage has 160 apartments; and
- Binghatti Gemshas 77 apartments.
The projectshave lavish common area facilities, health and fitness clubs and swimming pools.
“This achievement consolidates our vision in Binghatti which is to add value to Dubai’s real estate market by providing investors early delivery of projects along with multiple options for both owners and investors. This is what consolidates the success of real estate investment and denotes Binghatti’s continued success in Dubai’s real estate market”, saidEng. Muhammad BinGhatti, CEO.
The CEO added that the delivery of these three projects reflects the continuation of Binghatti’s expansionist approach in Dubai’s real estate sector and fulfills the needs of their wide customer base (both local and foreign) andis a testament to growing demand for real estate in Dubai prime areas.
Binghatti Developer’s has also launched a number of additional projects in JVC:
- Binghatti Luna;
- Binghatti Gate;
- Binghatti Jasmine; and
- Binghatti Heights
This brings the total number of units launched in the JVC area to more than 1,500apartments.
Binghatti has a more projects located in several key areas which it intends to launch in the very near future.
Eng. Muhammad BinGhatti stressed that the real estate market in Dubai is robust thanks to the economic recovery in the UAE. He expected recovery to continue considering the leadership’s innovative approach, rational procedures, and flexible laws granting residency, citizenship, and enhancement of foreign ownership. All of this has contributed to attracting greater investment and strengthening key economic sectorsin the UAE leading to greater talent pool which feeds into positive performance of the overall real estate market.
Binghatti has a track record of being one of the fastest developers of real estate where most of its projects are delivered in advance of original target delivery dates. This also provides investors with confidence and significant investment opportunities.
“With its prime location in Dubai, JVC continues to attract a diverse group of buyers who want to own prime propertiesat competitive prices, whilst enjoyingultra-modern lifestyle with easy transportation access into the heart of the Emirate,”Binghatti continued.
JVC is one of the most attractive residential areas for families,conveniently located in the heart of Dubai adjacent to Al Khail Road on side and Mohammed bin Zayed Road Street on the other.There are alsonew access points through Hessa Street. The JVC extendson green spaces, provides a wide range of services and facilities, making it a significant destination in terms of real estate investment.
Binghatti Developers aspires to launch more projects in several regions this year to raise the value of its real estate portfolio in the Dubai market.
About Binghatti Developers:
Binghatti Developers is an award winning real estate developer in Dubai, headed by CEO and Chief Architect, Muhammad Binghatti. The dynamic company offers distinctive properties with refined architectural designs, world-class materials, and unparalleled lifestyle amenities. Empowered by commercial expertise, the brand strives to redefine the industry standards by delivering quality projects at affordable prices in a timely manner.
Binghatti’s approach to development has allowed for the successful handing over of projects to some of the world’s largest banks, hotel groups, and real estate funds, whilst also providing comprehensive solutions to end users investors/buyers. Within a short period, the company has proven itself as a viable alternative to some of the largest and most reputable real estate companies operating in Dubai.
Binghatti Developers has a number of projects under development in several areas across Dubai including Business Bay, Dubai Silicon Oasis, Al Jaddaf, Dubai Marina, Jumeirah Village Circle, Liwan, and Dubai Land Residence Complex. It is also developing a mega commercial project in the heart of Dubai covering an area of over one million square feet. The company has bold plans to for further rapid expansion, with a particular focus on the growth of its real estate portfolio in Dubai.