Latest news with #BinghattiHolding
ME Construction
4 days ago
- Business
- ME Construction
Binghatti Holding launches its first master-planned community
Property Binghatti Holding launches its first master-planned community By The company has acquired a sizeable land plot for its $6.8bn residential community Binghatti Holding has acquired a freehold plot of land in the heart of Dubai's Meydan district to develop a residential community valued at more than US $6.8bn. The land spans more than eight million sqft of gross floor area and is the company's first master-planned community project. Located in Nad Al Sheba 1, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle. The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup. With seamless connectivity to major roads and proximity to Dubai's key landmarks, the planned community will offer both convenience and exclusivity, said Binghatti Holding in a statement. 'The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule,' commented Chairman Muhammad BinGhatti. He added, 'Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli, the statement concluded.
Zawya
4 days ago
- Business
- Zawya
Binghatti acquires mega plot earmarked for an AED25bln landmark residential community
Land with 8 million square feet of gross floor area acquired for a master plan project, the first for the developer of Bugatti Residences, Mercedes-Benz Places and Burj Binghatti Jacob and Co. Residences Dubai, UAE – Binghatti Holding Ltd., the Dubai-based real estate developer behind iconic luxury branded residences, has announced that it has acquired freehold land with over 8 million square feet of gross floor area with an anticipated total development value of over AED 25 billion. The land is set to be used for what would be the company's first large-scale master-planned residential community in the Emirate. Located in Nad Al Sheba 1 in the heart of Dubai's sought-after Meydan district, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle. The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup. With seamless connectivity to major roads and proximity to Dubai's key landmarks, the planned community will offer both convenience and exclusivity. Commenting on the announcement, Chairman of Binghatti Holding Ltd., Muhammad BinGhatti said: 'The acquisition of a mega plot for what is expected be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule. Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli. About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED 50 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,000 residential units in the past 16 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai.
Trade Arabia
5 days ago
- Business
- Trade Arabia
Binghatti buys mega plot for $6.8bn residential community project
Binghatti Holding, a leading UAE-based real estate developer behind iconic luxury branded residences, has announced that it has acquired freehold plot of land in the heart of Dubai's sought-after Meydan district to develop a residential community valued at more than AED 25 billion ($6.8 billion). The land spans more than 8 million square feet of gross floor area and marks the company's first master-planned community project. Located in Nad Al Sheba 1, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle. The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup, said Binghatti Holding in a statement. With seamless connectivity to major roads and proximity to Dubai's key landmarks, the planned community will offer both convenience and exclusivity, it added. On the strategic move, Chairman Muhammad BinGhatti said: "The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule." "Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai," he stated. Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City.
Zawya
5 days ago
- Business
- Zawya
Dubai's Binghatti to develop $7bln master community in Meydan district
Dubai developer Binghatti Holding has acquired freehold land to build its first master-planned residential community in Nad Al Sheba 1 in the Meydan district. The master community will have more than 8 million square feet of gross floor area, with an anticipated total development value exceeding 25 billion UAE dirhams ($6.81 billion), the developer stated in a statement on Wednesday. 'The planned new mega project will be built on the strong momentum of our vertically integrated model,' said Binghatti Holding Chairman Muhammad BinGhatti. The land acquisition was self-financed, he said, without giving details on the land cost. Binghatti currently has 20,000 units under development across nearly 30 projects in residential areas, including Downtown Dubai, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. The developer's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co., the statement said. (Writing by P Deol; Editing by Anoop Menon) (
Trade Arabia
5 days ago
- Business
- Trade Arabia
Binghatti, ADIB bring sharia-compliant home finance solutions to UAE
Dubai's leading developer Binghatti Holding has signed an agreement with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, to broaden and deepen its customer base by offering customers sharia-compliant home-financing solutions including off-plan property purchases. The MoU allows the two parties to detail an agreement that will make it easier for homeowners to secure home financing solutions once construction of a project reaches 35% completion. Binghatti currently has 18,600 units under development across 23 projects in prime residential areas across the city, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti had launched its latest 1,600-unit project, Binghatti Aquarise, in early May at a star-studded event at the Coca-Cola Arena with nearly 12,000 people in attendance. Commenting on the deal, CEO Eng. Katranalda BinGhatti said: "This innovative Islamic financing solution is a game changer for our industry and will continue to support the growth of off-plan sales and the sustainability of the real estate market." "We expect to be able to offer our growing customer base a lower threshold to access financing across our projects under development in Dubai and a way to benefit from market appreciation. We have a strong relationship with ADIB over many years and are delighted to be working together to support the evolution of home financing," he stated. ADIB Group CEO Mohamed Abdelbary said: "We continue to play a pivotal role in expanding access to home financing in the UAE, empowering more individuals and families to take their first step into being property owners."
