Binghatti Developers, a key player in Dubai’s real estate market, is set to make a significant impact by launching 12 new projects in the second half of 2024. This ambitious expansion represents an investment exceeding AED 10 billion (approximately $2.7 billion), showing us the company’s confidence in Dubai’s market potential.
CEO, Muhammad BinGhatti, attributes this growth to high demand and strong sales driving their current projects. Therefore, if you are considering jumping on the Dubai real estate market wagon, now is the right time. Many of the new projects will be available off-plan and ready for sale.
Successful Projects and Market Demand
Binghatti Developers’ luxury projects have shown remarkable success. The “Mercedes Benz Places—Binghatti” project has surpassed 90% in sales, while the “Jacob & Co Residences” project has achieved over 50% sales.
This success only shows the appeal of Dubai’s real estate market, which offers lucrative rental returns and an attractive business environment to a diverse group of international investors.
In a strategic move, Binghatti Developers has partnered with the Dubai Land Department (DLD) to support the “Dubai Real Estate Broker Program.” This collaboration aims to integrate the private and public sectors, enhancing the overall efficiency of the real estate market. Binghatti emphasized that this initiative aligns with the company’s objectives of contributing to the growth and innovation of Dubai’s real estate sector.
Empowering Emiratis through Real Estate Academy
Binghatti Developers will surely further add to their participation in the Emirati real estate market. The company plans to offer exclusive discounts and flexible payment plans to Emirati investors.
Additionally, they will establish a real estate academy within a year to train and develop local talent for various roles in the industry. This academy will offer courses in property management, sales, market analysis, and customer service, equipping Emiratis with the necessary skills to excel in the sector. All this will further improve Dubai’s position as one of the leading cities when it comes to real estate investment.
Driving Innovation and Growth
Binghatti Developers’ $2.7 billion investment in 12 new projects is set to significantly impact Dubai’s real estate landscape. Through strategic partnerships and initiatives to boost Emirati involvement, the company will further enhance the market’s appeal and foster growth and innovation.
As Dubai continues to attract global investors, Binghatti Developers stands out as one of the most prominent market players, driving progress and development in the city’s real estate sector. If you wish to join the market, Glidai Properties is the right place for you. We can show you all the new projects and help you maximize your return on investment. Contact us today.