Binghatti Apartments, the first residential venture targeting end users by Binghatti Developers, experienced unprecedented success with nearly all of the project sold a week after the inaugural launch.
The sales event organized last week saw an overwhelming number of buyers and investors ready to buy in the centrally located project in Dubai Silicon Oasis.
With 60% of the project being completed in just under6 months of construction, the iconic building by Binghatti Developers reconfirms the strong demand for affordable, high quality properties in Dubai.
Established in 2014, Binghatti Developers redirected their focus from building projects tailored for institutional investors to holistic solutions targeting end users. With anticipated completion in less than one year, Binghatti Apartments offers both investors and end users the advantages of timely delivery, attractive rental yields, as well as world class materials and finishing.
Sharing his thoughts, Muhammad Binghatti Aljbori, CEO and Chief Architect of Binghatti Developers said, “We are very pleased with the response we have received for Binghatti Apartments. The project has given us the confidence to move forward towards our goal of establishing ourselves as a key player in the Dubai market. The iconic building will be a wise investment for both regional and international investors, with residents set to become part of a thriving neighborhood and in turn strengthen the city’s reputation as a safe-haven for property investments.”
“With a plan to invest One Billion AED in upcoming projects over the next 2 years, Binghatti Developers expects the market to gradually mature where quality materials, prudent investments and timely delivery will be the new industry standards”.
Binghatti Apartments sets a new benchmark in innovative design and architecture that will appeal to the residents of Dubai seeking a unique home.The 222 units are available in many unique layouts, including studios, one bedroom, two bedroom and three bedroom apartments as well as spacious duplex layouts for the one, two, and three bedroom apartments. With prices starting at 425,000 AED, the apartments offer a wide range of sizes from 434 Sq. Ft. to 2,653 Sq. Ft. in the spectacularly designed building. The new development will also host facilities for retail units on the ground floor of the building.
The quality finishes, world class materials, and unprecedented construction speed make Binghatti Apartments easily identifiable in the up and coming community of Dubai Silicon Oasis. Access to unmatched amenities such as a rooftop running track, a health club with personal trainer, a swimming pool and Jacuzzi, as well as a barbeque area and children’s play area ensure a family friendly atmosphere.
Aljbori’s vision is to develop iconic structures that blend form and function to deliver timeless elegance. In line with his vision, the contemporary architecture of Binghatti Apartment is seamlessly combined with hints of traditional Arabesque touches that can be spotted throughout the building and reflect the emphasis that the company places on superior design and construction.
“Binghatti Apartments has a modern design with hints of traditional elements found throughout Middle East architecture. I have personally worked on the design of the building from start to finish, ensuring it meets the dynamic needs of today’s market. Every aspect of the project has been thought through in detail, and the amenities provided ensure all residents have something to enjoy. Each unit has been meticulously planned, ensuring comfort, aesthetics, and practicality regardless of layout.” Aljbori added.
Demonstrating the company’s focus on timely delivery and execution, Binghatti Developers will see the Binghatti Apartments project completed within 11 months of the groundbreaking that took place in November of 2014.