Binghatti Developers, a leading real estate development company in the UAE, has announced the launch of its new residential project, Binghatti Mirage, being built at an investment of AED200 million ($54.6 million) in the Jumeirah Village Circle in Dubai.
 
The Binghatti Mirage provides residents with easy access to all major sites within the city, as well as easy access to service facilities and modern amenities such as swimming pools, retail stores, a shopping center, a gym and play areas for children, parks and green spaces.
 
It is the developer’s third project to be offered for sale in JVC, thus taking the number of apartments it offers in the area to 500.
 
Spread over a project area of 300,000 sq ft, the Binghatti Mirage will contain 160 apartments. Of this 90 are one-bed apartments, while the other 70 two-bed units. The building consists of 6 floors with a host of amenities such as swimming pool, gym and provides full services.
 
Speaking 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 pointed out that Binghatti's client oriented strategy aims to provide high-quality real estate projects to clients who are looking to create balance between the quality of the property, the privileged location 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 handed over in early March next year, he added.
 
On the pricing, 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 be a down payment of 10% of the total cost, and the remaining amount will be paid on monthly basis at AED4,900 per month.-TradeArabia News Service

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