Wednesday, June 26, 2019 4:05:14 PM      

Press Releases / Press News


Binghatti Developers Sells 60% In Millennium Binghatti Residences’ First Phase

Dubai, UAE; March4th, 2018:Binghatti Developers successfully registered60% of units’ bookingsin“Millennium Binghatti Residences’” first sales phase. This 400-Million-dirham tower is being developed by Dubai’s Water Canal in Business Bay and is expected to be completed by Q4 2019. Binghatti Developers proudly launched Millennium Binghatti Residences on Saturday, March 3rd.The project, which is inspired from the luxurious Millennium Hotels and Resorts,experienced a remarkable success during the launchevent.The official unveilingevent saw an overwhelming number of buyers and investors who bought in the project whichis located inBusiness Bay by Dubai’s Water Canal. With this rate of sales, the iconic building by Binghatti Developers reconfirms the strong demand for luxury properties in Dubai. Consisting of 230 units including Studio, 1 Bedroom, 2 Bedroom apartments, the building offers several hotel-inspired facilities which ensures an enjoyable and prestigious lifestyle for its residents. In fact, the award-winning project features many facilities such as premium concierge-style services, daycare services facilitation, catering services facilitation, laundry services facilitation, Housekeeping Services Facilitation, 24/7 maintenance hotline, and many other premium facilities. In addition to the tower’ innovative design is aunique and modern reinterpretation of traditional ideas that are still relevant to the regional culture and climate. With a fresh take on historical ideas, Millennium Binghatti Residences is a rare example of vernacular architecture that has often been overlooked in the pursuit of authentic modernism in Dubai. The 29-storey tower’s prime location in Business Bay, a cosmopolitan community at the heart of Dubai,seamlessly blends together high-rise residential, commercial, retail, and entertainment. The building sits directly on the Dubai Water Canal waterfront with direct views of the iconic Dubai Skyline and Burj Khalifa.Business Bay is arapidly growing community, and itis seen as one of main factors ofthe early success experienced during the first phase of the project’s sales. The location also ensures that residents are just minutes away from major destinations and landmarks of Dubai such as “Downtown Dubai’, “Dubai Mall”, “DIFC”, “Meydan”, “Dubai Creek Harbor”, “Dubai International Airport”, “Kite Beach”, “Mall of the Emirates”, “The Palm Jumeirah”, and “Dubai Marina”. The real estate companysucceeded in attracting end-users as well as investors who are aware of the attractive rental yields in Business Bay, the project’s lavish world class materials and finishing, and the company’s timely delivery of buildings. Sharing his thoughts on the success witnessed duringthe first phase of the project’s sales, Eng. Muhammad BinGhatti, CEO and Head of Architecture at “Binghatti Developers” said:“We are very pleased with the response we have received for “Millennium Binghatti Residences” which is Binghatti’s first Hotel-inspired project in “Business Bay”. The iconic buildingis a wise investment for both regional and international investors, with residents set to become part of a thriving community. The successobserved during the first phase of the project’s sales strengthen the city’s reputation as a safe-haven for property investments.” “Millennium Binghatti Residences 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 the beginning to the end, ensuring it meets the dynamic needs of today’s real estate market. Every aspect of the project has been thought through in detail, and the amenities provided ensure that all the residents enjoy the recreational activities provided. Each unit has been meticulously planned, ensuring comfort, aesthetics, and practicality regardless of layout.” Eng. BinGhatti added. Demonstrating the company’s focus on timely delivery and execution, Binghatti Developers will see the “Millennium Binghatti Residences” project completed in less than two years of the handover of the groundbreaking project in December of 2019.

About “Binghatti Developers”: Binghatti Developers is an innovative Dubai based property developer led by CEO & Head of Architecture Muhammad BinGhatti. The dynamic company offers iconic properties with groundbreaking architectural designs, world class materials, and unrivaled lifestyle amenities and facilities. Empowered by mercantile experience since 1875, the brand seeks to redefine the norms of the industry by delivering reasonably priced high-quality projects in record times. Binghatti Developers’ approach has allowed the company to successfully deliver numerous distinguished projects. Within a short time-frame, the company has proven itself as a viable alternative to some of the larger market players in Dubai, strengthening its reputation with an extensive portfolio of completed projects. Binghatti Developers, the real estate development arm of Binghatti Holding, operates throughout the UAE with an investment value constituting AED 3 Billion across a portfolio of more than 30 projects. The company currently operates in several areas throughout Dubai including Business Bay, Dubai Silicon Oasis, Al Jadaf, Dubai Marina, Jumeirah Village Circle, Liwan, and Dubai Land Residence Complex, in addition to a mega commercial project in Abu Dhabi covering an area of 1 million square feet. The company possesses bold plans for expansion in the coming years, specifically focusing on the growth of its real-estate portfolio in different areas of Dubai.

 

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