Dubai is considered one of the globe's rapidly-growing metropolises because of its high-rise buildings, picturesque tourist destinations along the waterfront, and vacation spots such as islands shaped like palm trees. Dubai is consolidating its status as one of the most appealing investment destinations as many individuals invest in real estate properties like Binghatti to add to their existing investment portfolio.
Dubai’s real estate industry attracts investors from all across the globe and therefore this sector has become more profitable than ever. Investors choose Dubai for investment because of the country’s economic stability and continued growth. Because its economy is one of the most diversified in the world, it receives a significant amount of investment from abroad each year. Dubai is one of the world's best places to live, go on vacation, or invest as it provides investors and residents with numerous benefits that are unavailable in other countries. Because the city creates an environment that is welcoming to social, service-friendly, and economic activities, it has become the most desirable place for investment.
In addition, Dubai is one of the most enticing places to buy real estate due to its extravagant lifestyle, astonishing statistics, and tall building structures. Due to its remarkable economic growth, which sets it apart from other cities, Dubai is expected to prosper even more in the future. This spectacular destination is attracting skilled and talented individuals from around the world because it has extremely impressive projects in the works. Individuals from various nations move to Dubai in an effort to grow their organizations and pursue a successful career. Because of its fast-growing population, the demand for real estate like that of Binghatti is rapidly rising.
According to researchers, Dubai's population will increase even more in the coming years. This growing population in addition to its foundation, security, guidelines and design excellence, and fast monetary development, has made the real estate industry of Dubai very appealing. It is viewed as the best investment decision for individuals all over the planet because it makes visitors from all over the world feel at home. Dubai attracts a lot of diverse investors because of the amazing convergence of culture, behavior, and language it provides. The first choice for investment for these local and global investors is often the real estate properties of Binghatti because of their architectural prowess and magnificent building structures.
The property development firm, Binghatti which was established in 2008 by Hussain Binghatti Aljbori, focuses on hospitality, real estate, and construction projects with great growth potential since its inception. The company is known around the world for its residential projects, particularly luxury apartments. Binghatti currently has projects worth AED 7 billion in major areas of Dubai such as Jumeirah Village Circle, Dubai Silicon Oasis, Al Jaddaf, Liwan, Business Bay, and Dubai Residential Complex.
One of the prominent deals of Bighatti was when they agreed to sell Binghatti Terraces, a mid-rise tower in Dubai Silicon Oasis, to Emirates Real Estate Fund, which is managed by Emirates NBD. Four years later in 2018, Binghatti reached an agreement with Izdihar Real-Estate Fund which is governed by the Bank of Muscat, and is worth AED 200 million, or $54.4 million. The purchase of Binghatti Sapphires and Binghatti Vista, the two residential towers in Dubai Silicon Oasis was also included in this agreement. They signed another important agreement in 2021, when it acquired Binghatti Beverages Manufacturing Facility in the Khalifa Industrial Zone, Abu Dhabi, from Almarai, a Saudi food company, for AED 215 million.
Binghatti currently have various ongoing projects such as The Burj Binghatti Jacob & Co. Residences, a skyscraper co-designed and branded by the global horology and jewelry brand Jacob & Co., and three projects in the Jumeirah village circle named Binghatti Mirage, Binghatti Rose, and Binghatti Gems, which they announced in 2022. These projects are expected to be completed earlier than expected.
Since its establishment, the company has received various awards like Best Real Estate Project, MENA Green Building Awards (2017), MENA Green Building Awards (2018), Cityscape Awards 2018, Arabian Property Awards (2017), Arabian Property Awards (2018), Dubai Property Awards (2018), Dubai Property Awards (2019) and Best Real Estate Tycoon Award for its contributions to the real estate industry in Dubai.
Investing in Dubai's real estate market and in properties of Binghatti in particular is a long-term investment strategy. Due to Dubai’s strong economy, tax incentives, growth potential, business-friendly environment, and global city status, Dubai is an excellent choice for real estate investors. As Dubai has a huge population of expatriates, a thriving economy, infrastructure of a world-class standard and a broad variety of property developers like Binghatti who offer properties of different types and prices, the real estate sector of the city is expected to grow even more in future.
