Binghatti Holding, the private Emirati real estate development company, announced the launch of a new residential project named ‘Skyrise’ in the Business Bay area, worth $1.5 billion (5 billion dirhams) and featuring over 3,300 housing units.
Binghatti Holding announced the launch of its new project, aimed to meet the growing demand for luxury residential units near Burj Khalifa and the Water Canal.
The project will feature over 3,300 residential units and will be located in the heart of Business Bay, just minutes from Burj Khalifa and Dubai Mall.
It is worth mentioning that Binghatti Holding stated the value of its current project portfolio is approximately $11 billion (40 billion dirhams). The company is focused on enhancing its strength and financial stability in the market.
Muhammad BinGhatti, Chairman of Binghatti Holding, said:”Binghatti Skyrise represents a new step towards enhancing excellence in delivering unique residential experiences. We always strive to exceed expectations and innovate living spaces that combine luxury and innovation, embodying our vision to make a significant impact on Dubai’s real estate market and double our real estate portfolio to AED 100 billion within the next 18 months.”
‘Skyrise’ will provide easy access to Dubai’s major attractions, business hubs, and recreational areas. The project will offer more than 15 premium amenities, including luxurious swimming pools, a private golf course, tennis courts, a state-of-the-art gym, a children’s water park, and dedicated yoga and relaxation zones.
Sources added that the company plans to launch an additional new 12,000 projects in the next three months, with a total value of $1 billion (3.67 billion dirhams).
Source: albawaba