Monday 10 December 2018

BinGhatti starts work on $109m Business Bay development

DUBAI, February 25, 2018

UAE-based Binghatti Developers said it has started construction on Millennium Binghatti Residences, its first iconic project being built on Dubai’s Water Canal in Business Bay at a total cost of Dh400 million ($109 million).

The project, which consists of 230 different including the studio, one-bedroom, two-bedroom apartments, will be completed in the fourth quarter of 2019, before the launch of the Expo 2020.

The building offers a number of hotel-inspired facilities with a plethora of facilities and recreational activities which ensures an enjoyable and prestigious lifestyle. The building also features direct views on the “Dubai Water Canal” and “Dubai Skyline”.

With unit prices starting at Dh625,000 ($170,142), the project is expected to experience an overwhelming interest from end-users attracted to Binghatti Developers’ commitment to premium quality, reasonable pricing, and timely delivery of projects.

The building offers premium facilities and means of comfort inspired from the international Millennium Hotels and Resorts such as premium concierge-style services, grocery on demand services, laundry services facilitation, catering services facilitation, laundry services facilitation, and many other facilities and means of comfort.

In addition to the buildings’ groundbreaking design, Millennium Binghatti Residences’ prime location in the rapidly growing community of Business Bay is seen as one of the main factors for the projects’ success.

The location also ensures that residents are just minutes away from major destinations and landmarks of the metropolis such as Downtown Dubai, Dubai Mall, DIFC, Meydan, Dubai Creek Harbour, Dubai International Airport, Kite Beach, Mall of the Emirates, The Palm Jumeirah and Dubai Marina.

The lavish world class materials and uncompromised finishing throughout the building reflect the supreme quality and craftsmanship of only the most distinguished of international suppliers such as Grohe, Emirates Glass, Villeroy & Boch, Mistubishi, ABB, Rheem, and RAK Ceramics.

The community has recently experienced a surge of interest for its central location, master planned infrastructure, and attractive rental yields.

The area is home to a variety of restaurants, schools, nurseries, parks, and shopping centers. “Business Bay” is home to progressive young professionals seeking a fast-paced and modern lifestyle within an area comprising a great number of international companies.

CEO Muhammad Binghatti said: "I am very pleased to launch Millennium Binghatti Residences which Binghatti’s first project inspired from world class hotels in Business Bay."

"The iconic building will prove to be a great asset for savvy investors aware of the large rental revenues and prosperity of this thriving region. This project comprises a variety of luxurious apartments ensuring comfort and convenience for every resident," he noted.

"The apartments’ plush interior designs and different means of comfort and recreation inspired from the luxurious Millennium Hotels and Resorts ensure a feeling of prestige and uniqueness to the building’s residents as well as their guests," stated Binghatti, also the company's head of architecture.

“Inspired by the Arab region’s traditions, history, and culture, we have been successful in developing an identifiable and branded visual identity. I am delighted that many people easily identify our contemporary, vibrant, dynamic, and angular architectural style throughout the UAE," he added.-TradeArabia News Service

Tags: Business Bay | Dubai | development | Binghatti |

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