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Binghatti to launch $109m project on Dubai Water Canal

UAE-based Binghatti Developers is set launch the $109m Millennium Binghatti Residences on Dubai’s Water Canal in Business Bay next month

The project is inspired by the Millennium Hotels brand.
The project is inspired by the Millennium Hotels brand.

UAE-based Binghatti Developers is set to launch the $109m Millennium Binghatti Residences on Dubai’s Water Canal in Business Bay next month.

Inspired by the Millennium Hotels brand, the project will include 230 units of studio, one-bedroom, and two-bedroom apartments, as well as a number of hotel-inspired facilities when completed.

With unit prices starting at $170,000 (AED625,000), Muhammad Binghatti, CEO and head of Architecture at Binghatti Developers, said he expects to see strong interest from investors.

Binghatti said: “I am very pleased to launch “Millennium Binghatti Residences” which Binghatti’s first project inspired from world class hotels in “Business Bay”.

“The iconic building will prove to be a great asset for savvy investors aware of the large rental revenues and prosperity of this thriving region.

“This project comprises a variety of luxurious apartments ensuring comfort and convenience for every resident.”

 

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Construction Week - Issue 751
Oct 13, 2019