Muhammad Binghatti speaks at the launching event in Dubai.
Inayat-ur-Rahman, Business Editor
Binghatti Developers, the leading developer of affordable housing projects has announced the launch of the Binghatti Canal in the Business Bay area, in Dubai. The Dhs500 million Binghatti Canal project will be completed in June 2023.
The announcement came during a huge celebration at Grand Hyatt Hotel in the presence of a large number of their management team, main partners, investors and customers looking for buying housing units in the company’s latest real estate projects.
The residential project, Binghatti Canal, consists of 300 units, including 124 one- bedroom, 85 two-bedroom apartments, in addition to 84 studios, all are overlooking the most luxurious waterfront destinations in the Business Bay area with direct views of the center of the city of Dubai.
“We are pleased to add our 50th project in the company’s portfolio in the UAE, which will be a new shift in our real estate journey,” said Muhammad Binghatti, CEO, Binghatti Developers. “This innovative project, which will be constructed in one of the most prosperous areas of Dubai, is one of our many achievements for this year,” he added.
“The project will be unique in terms of creativity and luxury, as it contains elegant and practical apartments designed in an exclusive contemporary style in classic designs with wonderful views of the Dubai Water Canal. The high standards of privacy and security add to its excellence,” he said.
The CEO stated that the company offered a discount of Dhs300,000 on any unit in “Binghatti Canal” in a one-day only offer, which is the same day of launching the project, while the providing flexible and attractive payment plans, which make the project an ideal option for investment.
“Our smart homes provide comfort and the highest standards of security in a modern and luxurious lifestyle with high- tech solutions that facilitate the customers’ lifestyle, especially with the integration of the virtual assistant system (Alexa) to facilitate daily household tasks,” he said.