Binghatti Hills NEW LAUNCH

NEW LAUNCH ALERT Binghatti Hills

Binghatti Hills – elite residences in one of the world’s largest buildings near Dubai Hills Mall

Experience unparalleled luxury at Binghatti Hills, crafted by Binghatti Developers. Inspired by the graceful contours of natural landscapes, the architecture of two 49- storied skyscrapers echoes the serene undulations of rolling hills. Nestled in Dubai Science Park adjacent to Dubai Hills Mall, this monumental development will stand as one of the world’s largest complexes, boasting over 1,660 apartments.

The project offers studios and 1-2 bedroom apartments spanning from 441 to 1,884 sq. ft. Each residence features balconies offering panoramic views of Dubai’s iconic skyline.

Binghatti Hills apartments will be outfitted with cutting-edge smart home technology, empowering residents with unparalleled comfort and control over their living spaces.

ABOUT THE PROJECT

• • Developer: Binghatti

• • Area from 446 sq. ft.

• • STARTING PRICE: AED 777.77K (USD 212K)

• • Apartments: St.-2BR

• • Total amount of units: 1666

• • Handover: In process

• • PAYMENT PLAN: 70/30

Binghatti, one of the UAE’s largest holding and development companies

Established in 2008 by Hussein Binghatti and his sons, Binghatti has evolved into one of the UAE’s premier developers. With a focus on innovation and quality, the company prioritizes efficiency in project execution. Infusing modern design concepts with state-of-the-art technology, Binghatti’s extensive portfolio comprises more than forty projects. Among its notable developments are the prestigious designer-branded residences of Burj Binghatti Jacob & Co Residences and Mercedes-Benz Places.

Economic appeal of Binghatti Hills

As per the developer’s assessment, the units within this complex offer an optimal investment opportunity, particularly for use as holiday homes. Given the high demand for short-term rentals in the vicinity, with Dubai Science Park often hosting international events, conferences, and seminars, there is a consistent need for accommodation.

Strategically situated at the entrance to Dubai Science Park—a bustling business and research hub—and near Umm Suqeim Road, the project is less than a 10-minute drive from Dubai Hills Mall. Additionally, plans for a nearby metro station are underway, further enhancing its accessibility and appeal.

REAL ESTATE TYPES:

For rent – In the second quarter of 2024, the average return on investment (ROI) for 1-bedroom apartments in Dubai Science Park stands at 5.8%. This marks a notable increase from 5.3% recorded in the preceding quarter, signaling a significant boost in yield and highlighting the strong investment prospects for properties in this locale. Rental rates for units in this area commence at AED 75K (USD 20K) per year.

For resale – Binghatti is renowned for its efficient construction process, allowing for profitable resale opportunities either upon completion of the complex or during the off-plan phase. The developer provides a convenient 70/30 payment plan, requiring a 20% down payment.

For living – Residents of Binghatti Hills will enjoy access to over 20 premium amenities situated within and near the complex. Catering to professionals, businessmen in Dubai Science Park, as well as families with children, the offerings include a children’s pool and a family recreation area. Additionally, several schools and kindergartens are just a short drive away.

Foreign owners of residences within this project will have the opportunity to apply for either a 2-year or 10-year UAE resident visa, extendable to spouses and children. The 10-year visa option is also open to domestic staff.

For more information contact MIGHTHOUSE REALTY