Dubai developer MAG prices latest Ritz-Carlton Residences at Dh200 million each
Developers in Dubai are not wasting any time in offering more super-luxury homes to investors – MAG has just released four of them each at a whopping Dh200 million. They are part of the 12 mansions making up The Ritz-Carlton Residences on the Dubai Creekside. The latest four homes span up to 48,000 square feet of built-up area, with underground parking for up to eight vehicles. Each home also has a private mooring for up to 120-foot yachts. The first eight mansions had a price tag of Dh177 million apiece. “We are thrilled with the response to our launches of the Earth
Dubai to build world’s tallest residential skyscraper
Binghatti on 16 November 2022 announced a project to develop the world’s tallest residential structure in Dubai — Burj Binghatti Jacob & Co Residences. The UAE developer, which has an investment portfolio exceeding Dh7 billion, said it is going to introduce a new era in uber-luxury living by launching ultra-luxury Dubai skyscraper in cooperation with Jacob & Co. However, no time-frame is given to complete the project. “This unparalleled skyscraper aims to set a record as one of the tallest residential constructions in the world,” according to a Binghatti statement. In a great leap upwards, the property developer said ultra-luxury skyscraper will stand
Cayan announces that AlJawhara project in Riyadh won a prestigious award in the category “Mixed-use development in the Kingdom of Saudi Arabia” at the African and Arabian Property Awards 2022
AlJawhara by Cayan, one of the largest private projects under construction in Riyadh, won an award in the “Mixed-Use Development in Saudi Arabia” category at the “African and Arabian Property Awards” 2022. AlJawhara won this award in its category According to the standards of devotion to the finest construction practices, the highest levels of safety, and excellence in terms of services and facilities. The African and Arabian Property Awards is the largest company to issue annual awards dedicated to the real estate development sector in the Middle East, after competing against the best real estate professionals across the African and Arabian
Binghatti announces early completion of three projects in Jumeirah Village Circle
The total investment value of three projects — Binghatti Rose, Binghatti Mirage and Binghatti Gems, is circa Dh400 million Binghatti Developers, a real estate company in Dubai, has announced early completion of three of its projects in Jumeirah Village Circle (JVC). The three projects are Binghatti Rose, Binghatti Mirage and Binghatti Gems, all of which were completed ahead of their respective target delivery dates. The total investment value of these three projects is circa Dh400 million. The projects have lavish common area facilities, health and fitness clubs and swimming pools. “This achievement consolidates our vision in Binghatti which is to add value to Dubai’s
Top 3 Reasons Why You Should Invest in Real Estate
Investing in real estate can be intimidating. I get it. Owning a property has always been associated with status and wealth. People perceive that you should have a solid background in real estate or need a massive amount of capital to start investing in your first property. This is a common misconception that can stop you from investing in real estate and achieving your financial independence. But let me tell you the top 3 compelling reasons why you should start investing in real estate now: 1.Real estate increases your cash flow Real estate gives you the ability to generate cash flow for yourself
Dubai: Binghatti Developers launches new Dh500m residential project
The Business Bay development will consist of 300 smart units The Dubai-based Binghatti Developers has launched a Dh500 million residential project in Business Bay which is scheduled to be completed in June next year. Binghatti Canal consists of 300 units, including 124 one-bedroom, and 85 two-bedroom apartments, in addition to 84 studios. Muhammad Binghatti, CEO of Binghatti Developers, said it’s the developer’s 50th project which will be unique in terms of creativity and luxury with views of the Dubai Water Canal. “Our architectural philosophy focuses on the new generation of streamlined designs that extend from the stereotype to the dream house, while providing exceptional
Sobha Realty Records 60 Percent of Overseas Resident Investors in the UAE
Sobha Realty, one of the UAE’s most trusted real estate developers, has reported a steady increase in investments from foreign investors, recording nearly 60 percent of foreign national investors residing overseas, for its projects in the UAE. Findings indicate that Indian, Russian, Chinese, and Emirati nationals constitute the top four investors in Sobha Realty, followed by Saudi, British, and Nigerian nationals. The real estate sector in the UAE is currently witnessing a rise in demand for prime properties, from both foreign and resident investors. Moreover, Sobha Realty anticipates the market to continue its upward trajectory with more foreign investors entering the
Binghatti Developers sign an agreement with Emirates Islamic Bank
Binghatti Developers signed a agreement with Emirates Islamic Bank to enhance mutual cooperation and develop the consumers’ experience, while serving the UAE real estate sector. The agreement was signed at the Ritz-Carlton Hotel in the Dubai International Financial Center on Wednesday, June 1, 2022. Eng. Muhammad Binghatti, CEO of Binghatti Developers, and Emirates Islamic Bank CEO, Salah Amin, attended the signing ceremony. “The agreement aims to provide resources and support to joint customers, facilitate housing loans procedures , while exempting customers from paying specific fees, and offer the best rate of return on loans,” said Muhammad Binghatti. He revealed that the agreement will
In cooperation with Cayan Group, Arabian Centers breaks ground on its first residential projects in Qassim
Arabian Centers announces its cooperation with Cayan Group as the main developer of its latest projects “Joury Project” located in AlJazirah District in AlQassim, where Joury is the first project of its kind for the company which occupies an area of over 1.5 million square meters with a total value of up to 750,000 Saudi riyals. The project also includes a mall, the latest commercial project developed by Arabian Centers Company. “Joury project” will be developed to be an integrated community, that will include all facilities and services to provide a lifestyle like no other, in addition to the best and
Cayan Group announces the reinstatement of the title deeds for AlJawhara Project
Following to the decision of the higher authorities to reinstate the title deeds of the AlJawhara project, located in the Al-Raed district in the city of Riyadh, the owners and major shareholders of the project extend their thanks and gratitude to the government of the Custodian of the Two Holy Mosques and his faithful Crown Prince – may God protect them – The Board of Directors also met in this regard, and on his behalf and on behalf of the members, Mr. Ali Al Shoman, Chairman of the Board of Directors of the Digital Oasis Company, said that “we have great