Within just 24 hours of its launch, fifty percent of Binghatti Skyrise, the newest project by the developer in Dubai, has been completely sold out. The grand unveiling event attracted over 5,000 attendees, comprising influential investors and high-net-worth individuals from the region. Binghatti showcased the project's location through an impressive light display that illuminated the Dubai skyline, symbolically highlighting its significance in the city's future.
"Binghatti Skyrise is not just another development; it's a defining moment in Dubai's luxury real estate evolution," stated Muhammad BinGhatti, Chairman of Binghatti. "The swift sell-out reflects the market's strong belief in the long-term value of Business Bay and Binghatti's dedication to delivering excellence and innovation. With Binghatti Skyrise, our portfolio now surpasses Dh40 billion. This launch is in line with our vision to double our project portfolio to over Dh100 billion within the next 18 months, underscoring our unwavering commitment to shaping Dubai's luxury real estate market with innovative, high-value developments."
As one of the last available plots in Business Bay, Binghatti Skyrise offers a unique investment opportunity in a highly sought-after area with limited future supply. Valued at Dh5 billion, the project comprises a total of 3,333 units, including 2,256 studios, 996 one-bedroom units, 24 two-bedroom units, 26 three-bedroom units, and 31 retail spaces. Its strategic location near Dubai's financial and lifestyle hubs ensures a robust rental market, making it an attractive asset for both immediate occupancy and future appreciation.
Source link: https://www.khaleejtimes.com
