Binghatti Developers, a leading real estate development company in the UAE, has informed the launch of its new residential project, Binghatti Mirage, being constructed at an investment of AED200 million ($54.6 million) in the Jumeirah Village Circle in Dubai.
The Binghatti Mirage gives residents with easy access to all big sites within the city, as well as easy access to service facilities and modern amenities like swimming pools, retail stores, a shopping center, a gym and plays areas for children, parks, and green spaces.
This is the developer’s third project to be provided for deals in JVC, thus taking the figure of apartments it provides in the area to 500.
Spread over a project area of 300,000 sq ft, the Binghatti Mirage will have 160 apartments. Of this 90 are one-bed apartments, whereas the other 70 two-bed units. The building will have 6 floors with a host of amenities like a swimming pool, gym and gives full services.
Talking at the launch, CEO Muhammad Binghatti said: “It enforces the strength and durability of the real estate sector in the emirate of Dubai in particular and the UAE in general. It also reflects the company’s continued expansionary approach in the real estate sector in Dubai, as well as great confidence in the sector’s recovery this year.”
He further said that Binghatti’s client-oriented strategy focus to provide high-quality real estate projects to clients who are witnessing to create a balance between the quality of the property, the privileged place, and the high-quality lifestyle.
“We are always keen to provide attractive offers that suit various segments of customers, in light of the great confidence in the projects of Binghatti Developers, especially with the continuous progress in the construction works in all projects according to the specified plans,” he stated.
Binghatti Mirage will be given in early March in the upcoming year, he further added.
On the costing, Binghatti said it will be very fair and competitive. “The one-bed apartment, with an area of 722 sq ft, will be priced at AED485,000 after a 30% discount in advance, while the two-bed unit, which has an area of ??856 sq ft is at AED689,000.
There will further be a down payment of 10% of the whole price, and the remaining cost will be paid on monthly basis at AED4,900 per month.