* Binghatti Rose” is a Dhs200mn investments project
*Mohammed Binghatti: “ Robust performance of the Dubai real estate continues overcoming challenges
The Binghatti Developers, a leading real estate development company, announced that their latest project, “Binghatti Rose”, located in the Jumeirah Village Circle,(JVC) was a great success with strong demand, as the entire project was sold out within just hours of launching. The sales reflect the continued strong demand for premium properties located in prime locations in the Emirate of Dubai.
The company that in a press conference held at the Four Seasons Hotel in Dubai on Wednesday, December 22, 2021.
“Starting sales in the company’s latest projects reflects the continuation of our expansion approach in the Dubai real estate to meet the needs of our wide client base,” Mohammed Binghatti, CEO ,said: “ Binghatti Rose is a clear example of the growing demand for low-cost real estate projects in vital areas of Dubai,” he added.
The CEO revealed that the total cost of the project which was fully financed from the company’s cash flows without bank loans, is Dhs200mn.
Mohammed Binghatti added that the real estate sector in Dubai is in very encouraging conditions with strong performance that proves overcoming challenges. This was confirmed by the wide demand for the Binghatti Rose project, and the launch of products tailored to meet customer needs and aspirations.
“The JVC prime location, as one of Dubai’s most vital districts, help in attracting diverse buyers wishing to own high-quality properties, enjoy a modern lifestyle and world-class entertainment experience, as well as quick access to the heart of the emirate,” the CEO said.
He stressed that Binghatti Developers is keen to constantly develop their business strategy to adapt to the economic challenges that arise from time to time, pointing out that the company is currently managing more than 40 projects with investments exceeding Dhs3.5bn all over the UAE.
The Binghatti Rose project in the center of the (JVC) is a luxury residential project suitable for families, one of the best areas in Dubai as regard of return on investment, one of the most sought after for rent and ownership for middle-income people. Units hand over will start in August 2022.
The project is a 5 floor tower with shops below fully rented, which increases the return on investment for the owners. The apartments consist of one, two or three rooms, with areas starting from 660ft, 1000ft, and 1285ft, respectively.
The project includes many distinctive services and facilities such as a swimming pool, a fit club with an integrated gym. Sports enthusiasts can take advantage of the fully equipped gymnasium located on two floors inside the tower, where residents can keep pace with their fitness goals. It also has a swimming pool for adults, which is the largest in the Jumeirah Village Circle area, in addition to a children’s pool.
Binghatti Developers stated that price range is between Dhs780,000 and Dhs1,319mn.The foot price range is the cheapest compared to neighboring projects. They also offer 25% discount driving the the prices down to between Dhs585.18 thousand and Dhs989.57 thousand .
The project is characterized by an eye-catching classic design, filled with amenities and security services around the clock. The electricity and water services will also be operated by the Dubai Electricity and Water Authority (DEWA), which helps in quickly renting the units.
The project is strategically located at a short distance from Circle Mall (2 minutes), Al Khail Mall (4 minutes), Sports City and Dubai Motor City (8 minutes), Mall of the Emirates (10 minutes), Dubai Marina (12 minutes), Dubai Mall (20 minutes) , Dubai International Financial Center (20 minutes), Dubai International Airport (25 minutes), and Al Maktoum International Airport (25 minutes).