Built to inform

Sign up for the daily newsletters

No, Thank you

Dubai's 220-home Binghatti Crystals records structural completion

Muhammad BinGhatti said the development reiterates the investment returns of affordable properties versus luxury units "held as trophy properties"

Dubai Silicon Oasis's Binghatti Crystals is on track for completion.
Dubai Silicon Oasis's Binghatti Crystals is on track for completion.

Structural work has been completed for Dubai's Binghatti Crystals project.

Finishing, façade, and installation works are currently under way for the Dubai Silicon Oasis project, backed by Binghatti Developers.

The development company said the project was on track for scheduled completion. An official from Binghatti Developers told Construction Week that completion is scheduled for the end of August 2018. 

READ: Construction of Dubai's Binghatti Stars on track for 2018 completion

The 12-storey development comprises 219 units, which includes 159 studios, eight one-bedroom, and 48 two-bedroom apartments. 

Four bedroom duplexes are also being developed within the project, in addition to a swimming pool, a gymnasium, and parking facilities.

Muhammad BinGhatti, chief executive officer and head of architecture at Binghatti Developers, said the development is part of the company's focus to provide affordable homes.

BinGhatti said the scheme is "reflective of the reality that affordable properties provide better investment returns than luxury properties, which are often held as trophy properties".

He added: "Binghatti Crystals is located in Dubai Silicon Oasis, which is an area that has proven to be excellent for both end-users and investors seeking long-term rental returns. 

"The centrally located community [...] provides investors with consistent streams of prospective tenants."

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 758
Feb 08, 2020