Benghatti Developers completes 5 residential and industrial projects worth AED 1 billion

Benghatti Developers, the leading developer of iconic projects, has achieved all its 2017 annual objectives three months ahead of the schedule. This achievement includes the completion and delivery of 5 projects with an investment value of AED 1 billion, ahead of their previous timeline.

 These projects range from residential to industrial, including Benghatti Views, Benghatti Horizon, a factory in Dubai Silicon Oasis, Benghatti Court at the Jumeirah Village Circle, as well as the main building of the juice and food factory in Abu Dhabi, which accounts half of the total investments value of AED 500 million.

"Benghatti Developer is proud to deliver all its 2017 targets three months ahead of schedule. This reflects the company's determination to be meets its objectives for the current year," said Eng. Mohammed Benghatti, Chief Executive Officer and Chief Architect, Benghatti Developer. We have also been able to translate our promises to our customers and protect their investments."

"We are constantly looking at the best investment opportunities in the local market in Dubai, as our future objectives do not stop at certain limits. We will continue to strive to develop and implement the best practices in all our projects in terms of engineering, designs, quality of finishes, distinguished locations".

Benghatti pointed out that the company has started to implement its future plan until 2020. Its portfolio includes 17 new projects in different parts of Dubai. These new projects are distributed among five vital investment areas in the Emirate, namely, Silicon Valley, Business Bay, Al Jaddaf, Dubai Land Residence and Liwan.

The Developer is also considering acquiring more development land plots in the same areas to strengthen its land bank, which currently stands at 2 million square feet. He also noted that the company has experienced dynamic growth during the last year as it has more than 30 projects currently under development in various locations in Dubai. These buildings will add 6,000 housing units and retail spaces to the local market, at a rate of 1,500 to 2,000 units per year.

 Mohammed Benghatti stressed that Dubai real estate market has all the fundamentals and bases to keep abreast of all developments in different circumstances and times. “We are always optimistic about the future of this sector during the coming years. There are huge opportunities with high returns on investment. They are feasible and logical”, he added.

In addition to real estate development and investment, Benghatti is engaged in other sectors, such as the food and beverage industry. It has a huge plant in KIZAD in Abu Dhabi, the capital, with a total investment of AED 500 million. It also has another plant at Dubai Silicon Oasis, for smart wood and aluminum industries on a total built area of ​​100 thousand square feet.

Benghatti has recently launched its latest real estate project, Benghatti Stars, with a total investment of AED 250 million. The project is being developed in a prominent location in Dubai Silicon Oasis. It is expected to provide 363 apartments and offers a combination of different types of units, including studio, one-bedroom and two-bedroom apartments. To book a unit in this project, the investor pays only one per cent of the purchase price and 2.5% monthly payments until completion of the project in December 2018. The building is also supported with many leisure and entertainment options.