Robust demand stimulates new projects
- Last updated: July 19, 2023 | 20:48
Inayat-ur-Rahman, Business Editor
Dubai: Binghatti Developers, a leading real estate developer in Dubai has announced the completion of “Binghatti Canal”, obtaining a completion certificate for the project before its deadline, which was scheduled for the end of 2023.
The project’s completion date is considered impressive, considering the project was launched on June 22, 2022. Once again, Binghatti Developers delivers to the market a large-scale project within less than a year. The impressive time scale achievement also comes with great attention to high end quality and finishes.
Binghatti Developers’ achievement complies and aligns with the vision of the Emirate of Dubai – a vision deemed as the origin of development, speed, and innovation.
In light of this achievement, Muhammad Binghatti, CEO and Head of architecture at Binghatti Developers has released a statement: “It is our great pleasure to announce the delivery of “Binghatti Canal”, which is one of our most recent real estate projects in Dubai. The project’s completion and delivery were initially scheduled for the end of 2023, but with the efforts that were exerted by our team on the ground, in tandem with the administrative work dedicated to the project, we have successfully obtained the completion certificate of the project before its deadline, and within less than a year of its launching date”.
Binghatti stated that Dubai’s real estate market continues to project robust demand for 2023. This projection not only nominates Dubai’s market for hitting record sales, but also stimulates real estate developers to launch more projects.
“Binghatti Canal” is located in Business Bay which is considered a prime location in the city of Dubai.
Binghatti Canal was designed with a unique architectural language that reflects the distinctive identity of Binghatti. With a total cost of Dhs 500 million, the project consists of 22 residential floors and 293 residential units. In addition, the project’s units are equipped with smart and AI systems and feature luxurious and pristine design finishes.