Dubai’s property sector marches ahead

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Muhammad BinGhatti with other officials pose for a group photo in Dubai.

Inayat-ur-Rahman, Business Editor

The real estate market in Dubai is robust thanks to the economic recovery in the UAE. The economic growth would continue considering the leadership’s innovative approach, rational procedures, and flexible laws granting residency, citizenship, and enhancement of foreign ownership.

All of this has contributed to attracting greater investment and strengthening key economic sectors in the UAE leading to greater talent pool which feeds into positive performance of the overall real estate market.

This was revealed by Eng. Muhammad BinGhatti, CEO, Binghatti Developers to Gulf Today in Dubai on Friday. Binghatti Developers, a leading real estate company in Dubai has announced early completion of three of its projects in Jumeirah Village Circle (JVC). The three projects are Binghatti Rose, Binghatti Mirage and Binghatti Gems all of which were completed ahead of their respective target delivery dates.

The total investment value of these three projects is circa Dhs 400 million and details of each project’s composition is set out below:

The projects have lavish common area facilities, health and fitness clubs and swimming pools.

“This achievement consolidates our vision in Binghatti which is to add value to Dubai’s real estate market by providing investors early delivery of projects along with multiple options for both owners and investors. This is what consolidates the success of real estate investment and denotes Binghatti’s continued success in Dubai’s real estate market”, BinGhatti added.

The CEO added that the delivery of these three projects reflects the continuation of Binghatti’s expansionist approach in Dubai’s real estate sector and fulfills the needs of their wide customer base (both local and foreign) and is a testament to growing demand for real estate in Dubai prime areas.

Binghatti Developer’s has also launched a number of additional projects in JVC: Binghatti Luna; Binghatti Gate; Binghatti Jasmine; and Binghatti Heights.

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