This came during the company’s press conference at the Four Seasons Hotel in Dubai on Wednesday, December 22, 2021.
Mohammed Binghatti, CEO of Binghatti Real Estate Development Company, said: “The launch of sales in the company’s latest projects reflects the continuation of its expansionist approach in the real estate sector in Dubai and to meet the needs of its wide customer base. Binghatti Rose is a clear example of the growing demand for real estate projects. Low cost in vital areas of Dubai.
The CEO revealed that the total cost of the project is 200 million dirhams, and the project was fully financed from the company’s cash flows without any loans.
Mohammed bin Ghati added that the real estate sector in Dubai continues to strengthen its position and strong performance and overcome challenges, which was confirmed by the wide demand for the “Binghatti Rose” project. The outstanding sales performance at the market level is attributed to several factors, the most important of which is the company’s commitment to meet the current demand in market, and launch products tailored to meet customer needs and aspirations.
He continued: “With its prime location as one of the most vital areas in Dubai, Jumeirah Village Circle continues to attract a diverse group of buyers wishing to own high-quality properties, enjoy a modern lifestyle and world-class entertainment experiences, as well as provide quick access to the heart of the emirate.”
He stressed that Binghatti Real Estate Development is keen to constantly develop its business strategy to adapt to the economic challenges that appear from time to time, pointing out that the company is currently managing more than 40 projects with investments worth more than 3.5 billion dirhams across the UAE.
And the “Binghatti Rose” project in the center of Jumeirah Village Circle (JVC), which is a luxury residential project suitable for families and one of the most areas in Dubai as a return on investment and one of the most sought after for rent and ownership for middle-income people, and delivery will start in August 2022.
The project consists of 5 floors, in addition to the shops below, which have been fully rented, which increases the investment return for the owners. The apartments consist of one, two or three rooms, with areas starting from 660 feet, 1000 feet, and 1285 feet, respectively.
The project includes many distinctive services and facilities such as a swimming pool, a health club and 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 contains an adult pool that is The largest in JVC, as well as a children’s pool.
Bin Ghati Developments stated that prices range between 780,000 and 1,319 million dirhams, at a foot price that is the cheapest compared to neighboring projects, and a 25% discount has been made, bringing the prices down to between 585.18 thousand and 989.57 thousand dirhams.
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 renting the units.
The project is strategically located at a distance of 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).
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