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First phase of Millennium Binghatti Residences 60% sold

Binghatti Developers announced on Sunday that it has sold 60% of the units for the first phase of its $109m (AED400m) Millennium Binghatti Residences

Millennium Binghatti Residences.
Millennium Binghatti Residences.

Binghatti Developers announced on Sunday that it has sold 60% of the units for the first phase of its $109m (AED400m) Millennium Binghatti Residences.

Overlooking the Dubai Water Canal in Business Bay, the 29-storey tower will be the first hotel-inspired residential project in the area, designed after the Millennium Hotels and Resorts.

The project, which was announced in February, will comprise of 230 units of studio, one-, and two-bedroom apartments.

READ: Binghatti to launch $109m project on Dubai Water Canal

The tower will also offer daycare services, catering facilities, laundry facilitation, and  housekeeping services.

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 is due for completion in December 2019.

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Construction Week - Issue 744
Jun 15, 2019