Dubai, United Arab Emirates: Binghatti Developers announced that 2018 will mark a major milestone in the execution of projects being developed acrossdifferent parts of Dubai. The company plans to deliver 6 projects indifferent parts of the emirate by the end of 2018, with investments of more than AED 1.1 billion.

Binghatti Developersnamed three projects that will be completed by the end of the second quarter of 2018: Binghatti Crystals, Binghatti Vista and Binghatti Jewels, with an investment value of AED 600 million. The projects will include a variety of residential units including studios, one-bedroom units, two-bedrooms units and three-bedrooms units. The delivery program of the units will be announced to buyers and owners very soon.

The company also noted that construction is progressing at an accelerated pace across three other projects, which are Binghatti East and West, BinghattiSapphires and Binghatti Stars. The projects are located in Dubai Silicon Oasis with an investment of more than 500 million dirhams, and are expected to be completed before the end of 2019.

Commenting on the projects, Eng. Muhammad BinGhatti, Chief Executive Officer and Chief of Engineering at Binghatti Developers said "The parent company, Binghatti Holdings and its real estate investment arm, Binghatti Developers, have put in place a clear and long-term policy based on a commitment to deliveringhigh-quality projects. The policy is also based on providingnew standards of real estate excellence to the region, as anembodimentof all the aspects of grandeur and sophistication that Dubai enjoys.”

BinGhatti added: "Based on traditions inspired by the Arab region, its history and culture, we have successfully developed a distinctive visual identity for our communities. I am delighted that many people are readily familiar with our dynamic, vibrant and multi-faceted architectural style across the UAE.”

Binghatti Developers has gained many prestigious awards, such as attaining the 30th rankon Forbes’ TOP 100 Real Estate Companies in the Arab World in 2017, the Best Architecture Company Award from the Gulf Real Estate Awards in 2017, the Cityscape Awards of Emerging Markets 2016, the Arabian Property Award in 2017 and 2018, the Real Estate Tycoon Award in 2017, awarded by the government of Dubai and the Infrastructure and Real Estate Excellence Award in 2017, in addition to three awards as part of the 2018 Gulf Real Estate Fair.

The company had announced plans to develop between 60 and 70 real estate projects with an investment value of up to AED 7 billion by 2020 and with the residential sector accounting for the largest share of the projects, followed by hospitality. With these investments, Binghatti Developers raises its share of the Dubai property market to 100 projects with a total value of 10 billion dirhams.

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About Binghatti Beverages

Binghatti Beverages, the beverage manufacturing arm of Binghatti Holding was established to provide world class beverages catering to the unique tastes of the GCC and MENA region. The company focuses on capitalizing on the region’s growing FMCG industry by commercializing the traditional juice flavors ethnic to the Middle East.

The company recently invested more than AED 500 Million in a Kizad, Abu Dhabi production facility equipped with state of the art Tetra Pak filling and packaging lines. The facility sits on a plot of more than 1 million square feet and currently produces the Binghatti Beverages’ signature brand, Raubi of London.

The facility in Kizad will have the ability of producing 10 million cases of Raubi in its first year, with the capability of being increased to 40 million cases per year upon completion of plant capacity in order to cater to the growing FMCG demand in the Middle East and North Africa (MENA) region. The brand is supported by Binghatti Holding’s own FMCG distribution companies in the UAE, Lebanon, Jordan, Iraq, and London.

Binghatti Beverages has begun implementation of their aggressive growth strategy with intentions to enter new markets in the GCC and MENA regions before expansion into the massive markets of India, Pakistan, China, and Southeast Asia. The company intends on using the UAE’s diverse cosmopolitan community as a baseline for predicting trends in the FMCG industry over the next five to ten years.

For more information, please contact:

Mr. Oualid El Meriague

Email: oualid.meriague@binghatti.com

Tel: +971 56 403 6821

© Press Release 2018