Binghatti Developers Sells 60% in Millennium Binghatti Residences’ First Phase

Binghatti Developers successfully registered 60% of units’ bookings in “Millennium Binghatti Residences’” first sales phase. This 400-Million-dirham tower is being developed by Dubai’s Water Canal in Business Bay and is expected to be completed by Q4 2019.

Binghatti Developers proudly launched Millennium Binghatti Residences on Saturday, March 3rd. The project, which is inspired from the luxurious Millennium Hotels and Resorts, experienced a remarkable success during the launch event. The official unveiling event saw an overwhelming number of buyers and investors who bought in the project which is located in Business Bay by Dubai’s Water Canal. With this rate of sales, the iconic building by Binghatti Developers reconfirms the strong demand for luxury properties in Dubai.

Consisting of 230 units including Studio, 1 Bedroom, 2 Bedroom apartments, the building offers several hotel-inspired facilities which ensures an enjoyable and prestigious lifestyle for its residents. In fact, the award-winning project features many facilities such as premium concierge-style services, daycare services facilitation, catering services facilitation, laundry services facilitation, Housekeeping Services Facilitation, 24/7 maintenance hotline, and many other premium facilities.

 In addition to the tower’ innovative design is a unique and modern reinterpretation of traditional ideas that are still relevant to the regional culture and climate. With a fresh take on historical ideas, Millennium Binghatti Residences is a rare example of vernacular architecture that has often been overlooked in the pursuit of authentic modernism in Dubai.

The 29-storey tower’s prime location in Business Bay, a cosmopolitan community at the heart of Dubai, seamlessly blends together high-rise residential, commercial, retail, and entertainment. The building sits directly on the Dubai Water Canal waterfront with direct views of the iconic Dubai Skyline and Burj Khalifa. Business Bay is a rapidly growing community, and it is seen as one of main factors of the early success experienced during the first phase of the project’s sales. The location also ensures that residents are just minutes away from major destinations and landmarks of Dubai such as “Downtown Dubai’, “Dubai Mall”, “DIFC”, “Meydan”, “Dubai Creek Harbor”, “Dubai International Airport”, “Kite Beach”, “Mall of the Emirates”, “The Palm Jumeirah”, and “Dubai Marina”.

The real estate company succeeded in attracting end-users as well as investors who are aware of the attractive rental yields in Business Bay, the project’s lavish world class materials and finishing, and the company’s timely delivery of buildings.

Sharing his thoughts on the success witnessed during the first phase of the project’s sales, Eng. Muhammad BinGhatti, CEO and Head of Architecture at “Binghatti Developers” said: “We are very pleased with the response we have received for “Millennium Binghatti Residences” which is Binghatti’s first Hotel-inspired project in “Business Bay”. The iconic building is a wise investment for both regional and international investors, with residents set to become part of a thriving community. The success observed during the first phase of the project’s sales strengthen the city’s reputation as a safe-haven for property investments.”

“Millennium Binghatti Residences has a modern design with hints of traditional elements found throughout Middle East architecture. I have personally worked on the design of the building from the beginning to the end, ensuring it meets the dynamic needs of today’s real estate market. Every aspect of the project has been thought through in detail, and the amenities provided ensure that all the residents enjoy the recreational activities provided. Each unit has been meticulously planned, ensuring comfort, aesthetics, and practicality regardless of layout.” Eng. BinGhatti added.

Demonstrating the company’s focus on timely delivery and execution, Binghatti Developers will see the “Millennium Binghatti Residences” project completed in less than two years of the handover of the groundbreaking project in December of 2019.