UAE-based Binghatti Developers has sold 60% of units in its Millennium Binghatti Residences tower during its first sales phase after its launch on March 3rd.
The AED400 million ($109m) project located on the Dubai Water Canal in Business Bay is set to be completed by Q4 2019.
The project, which consists of 230 units including studios and one and two bedroom apartments, offers hotel-inspired facilities such as concierge, daycare, catering, laundry, housekeeping and maintenance services.
The tower’ design is based on vernacular, local architecture as opposed to modern, city-style schemes that are popular in Dubai.
The 29-storey tower sits directly on the waterfront with direct views of the Dubai skyline and Burj Khalifa.
Its Business Bay location is seen as one of main factors of its early sale success, which ensures that residents are just minutes away from major destinations such as Downtown Dubai, Dubai Mall, DIFC and Kite Beach.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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