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Fri 8 Jun 2018 12:13 AM

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Binghatti plans to deliver six Dubai projects by end-2018

Developer says investments of more than $300m are set to come to fruition by the end of this year

Binghatti plans to deliver six Dubai projects by end-2018
Muhammad BinGhatti, CEO at Binghatti Developers.

Binghatti Developers has announced that 2018 will mark a major milestone in the execution of projects being developed across different parts of Dubai.

The company said it plans to deliver six projects in the emirate by the end of 2018, with investments of more than AED1.1 billion ($300 million).

Binghatti Developers said three projects - Binghatti Crystals, Binghatti Vista and Binghatti Jewels - will be completed by the end of the second quarter of 2018, with an investment value of AED600 million.

The delivery program of the units will be announced to buyers and owners very soon, the developer said in a statement.

The company also said that construction is progressing at an accelerated pace across three other projects - Binghatti East and West, Binghatti Sapphires and Binghatti Stars. The projects are located in Dubai Silicon Oasis with an investment of more than AED500 million, and are expected to be completed before the end of 2018.

Muhammad BinGhatti, CEO at Binghatti Developers said: "The parent company, Binghatti Holdings and its real estate investment arm, Binghatti Developers, have put in place a clear and long-term policy based on a commitment to delivering high-quality projects.”

The company has previously announced plans to develop between 60-70 real estate projects with an investment value of up to AED7 billion by 2020.

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