Vasu Jit Kalia

Sep 5, 2024

Dubai Real Estate Sector Sees Mega Development As Binghatti Launches $ 600mn Binghatti Royale In JVC

Vasu Jit Kalia
Vasu Jit Kalia

Dubai-based property developer Binghatti has announced the opening of Binghatti Royale, a new residential complex in Jumeirah Village Circle (JVC) that will cost $600 million (AED 2.2 billion) and is slated to be completed in the first half of 2025.

Increased investor demand for Binghatti developments in the area—some even selling out in less than a day—fuelled by healthy demand.

This mega real estate Dubai project will include three hundred fifty-four residential units, comprising flats with one, two, and three bedrooms. In addition, 16 retail spaces will be available across 47 floors.

“We are thrilled to announce the launch of Binghatti Royale in Jumeirah Village Circle. The rapid sell-out of our recent projects highlights the market’s substantial demand for our projects in the area, and we are pleased to introduce our latest creation to meet this demand for premium residences,” said Binghatti Chairman Muhammad BinGhatti.

Amenities at a Glance

The complex will have various amenities, such as an outdoor gym, a kid’s pool, private apartment pools, and an infinity pool. Residents will enjoy multi-purpose lawns, paddle and tennis courts, and social spaces featuring a juice bar and outdoor dining areas amidst lush landscaping.

The launch of Binghatti Royale marks another significant milestone in Dubai’s ever-evolving real estate landscape. This $600 million investment underscores Binghatti’s confidence in the market and reflects the ongoing demand for premium residential spaces in Dubai. The project’s swift construction timeline and impressive amenities demonstrate the developer’s commitment to meeting and exceeding investor expectations.

As JVC continues to grow as a sought-after residential area, Binghatti Royale is poised to become a landmark development, offering residents a perfect blend of luxury, convenience, and community living. With its strategic location and thoughtful design, this project will contribute significantly to Dubai’s vision of creating world-class urban environments for its residents and investors.