Binghatti Canal in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Binghatti Canal

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	44	25,717	1,125,000
1	65	24,648	1,612,500
2	123	20,392	2,512,500

Rents in Binghatti Canal

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	66	1,701	111,667
2	124	1,414	175,000

The cap rate (rental yield) of investments into Binghatti Canal project is 6.6% on average.

The price of an apartment in Binghatti Canal is 22,593 AED/sqm on average.

The long term rent of an apartment in Binghatti Canal is 1,496 AED/sqm/year on average.

Price for completed Studio apartment in Binghatti Canal is 1,125,000 AED or 25,717 AED/sqm.
Price for completed 1 bedroom apartment in Binghatti Canal is 1,612,500 AED or 24,648 AED/sqm.
Price for completed 2 bedroom apartment in Binghatti Canal is 2,512,500 AED or 20,392 AED/sqm.

Rent for 1 bedroom apartment in Binghatti Canal is 111,667 AED or 1,701 AED/sqm.
Rent for 2 bedroom apartment in Binghatti Canal is 175,000 AED or 1,414 AED/sqm.

About Binghatti Canal

'Binghatti Canal' in 'Business Bay' area project description

The Binghatti Canal project, situated in the renowned Business Bay area of Dubai, represents a blend of luxurious living and strategic location, underscoring modern architecture and high-end amenities. Business Bay itself is often likened to Manhattan in New York, buzzing with business activities, upscale residences, and bustling commercial hubs. Within this vibrant context, the Binghatti Canal project stands out, offering a mix of residential, commercial, and retail spaces.

Architecturally, the Binghatti Canal development reflects a contemporary design ethos, marked by sleek lines, innovative use of materials, and attention to detail that aligns with the vision of both the developer and the emirate's ambitious infrastructure planning. The buildings are distinguished by their unique aesthetic, with facades that incorporate a mix of glass and stone, providing both elegance and functionality. The design ensures that residents and visitors alike experience the best of urban living, with expansive views of the canal and the Dubai skyline.

Residential units in the Binghatti Canal project cater to diverse preferences, ranging from one-bedroom apartments to more spacious multiple-bedroom configurations. The interiors are meticulously crafted, featuring high-quality finishes, modern kitchens, and well-planned living spaces. Large windows allow natural light to flood the units, enhancing the sense of space and offering spectacular views of the surroundings. Balconies and terraces provide an outdoor extension of the living areas, perfect for relaxation and entertaining.

For those focused on lifestyle amenities, Binghatti Canal offers an array of facilities aimed at enhancing the residential experience. Fitness enthusiasts can make use of state-of-the-art gymnasiums, while swimming pools provide a refreshing respite in the summer months. Landscaped gardens and walking paths offer a tranquil escape from the urban hustle and bustle, fostering a sense of community among residents.

The commercial and retail aspects of the Binghatti Canal project are equally impressive. Strategically located retail outlets and dining establishments make it convenient for residents to meet their daily needs and enjoy leisure activities without having to travel far. The proximity to key business and commercial centers within Business Bay means that professionals and entrepreneurs also find the location highly advantageous for their work-life balance.

Accessibility is another highlight of the Binghatti Canal project. With its location in Business Bay, the development is well-connected by major roads and public transportation networks, making commutes seamless whether towards Downtown Dubai, DIFC, or other significant areas. The Dubai Canal adds to the charm, potentially offering residents the unique opportunity to travel across the city via water taxis and boats.

In essence, Binghatti Canal in Business Bay is a comprehensive development that successfully integrates luxury living, business convenience, and lifestyle amenities, promising a well-rounded urban experience.

Q&A on Binghatti Canal

What are the advantages of 'Binghatti Canal' project in Dubai for property buyers? What are the disadvantages?

Advantages of Binghatti Canal project in Business Bay:
1. Prime Location: Situated in Business Bay, close to Downtown Dubai and other key areas, offering easy access to major business hubs, shopping centers, and entertainment facilities.
2. Scenic Views: Offers stunning views of the Dubai Water Canal, the Burj Khalifa, and the city skyline, adding aesthetic value to the property.
3. Modern Design: Features contemporary architectural designs and high-quality construction materials, ensuring a sophisticated living environment.
4. Amenities: Provides a range of amenities such as swimming pools, fitness centers, landscaped gardens, and dedicated children’s play areas, enhancing the living experience.
5. Investment Potential: Being in a high-demand area, properties here are likely to appreciate in value, offering good returns on investment.
6. Developer Reputation: Binghatti Developers are known for their innovative projects and timely delivery, adding a layer of trust and reliability for buyers.
7. Transportation Links: Well-connected by major roadways and public transport facilities, ensuring convenient commuting options for residents.

Disadvantages of Binghatti Canal project in Business Bay:
1. High Cost: Properties in Business Bay are generally on the higher end of the price spectrum, which might be a barrier for middle-income buyers.
2. Traffic Congestion: Business Bay is a bustling area, leading to potential traffic congestion, which can affect daily commutes.
3. Noise Pollution: Being in a central and busy part of the city, there may be higher levels of noise pollution compared to more secluded residential areas.
4. Competitive Market: With many high-end developments in Business Bay, the project faces stiff competition, which might affect rental yields and resale values.
5. Ongoing Construction: As Business Bay continues to develop, ongoing construction nearby could lead to temporary disruptions and disturbances.
6. Service Charges: Maintaining high-end amenities and facilities can lead to higher service charges, adding to the monthly expenses for property owners.

Considering these factors can help property buyers make an informed decision about investing in the Binghatti Canal project in Business Bay.

What projects are better than 'Binghatti Canal' project in Dubai which are located close by, and why?

The Opus by Omniyat: Designed by the renowned architect Zaha Hadid, this mixed-use development combines artistic architecture with premium office, hotel, and residential spaces. Its unique design and central location make it highly desirable.

Paramount Tower: Offers luxurious residences and hotel amenities with the flair of Hollywood-inspired interiors. The project provides high-end living, entertainment, and dining experiences.

The Atria: Managed by serviced apartment experts Millennium Hotels, these twin towers offer upscale apartments and a luxurious hotel experience, with excellent views and amenities catering to both residential and commercial needs.

Executive Towers: Part of the larger Business Bay master plan, these residential towers offer a range of living options and come with community amenities like parks, retail outlets, and dining options.

Volante Tower: Focused on luxury living, this residential tower offers exquisite finishes, panoramic canal views, and an exclusive residents' club with high-end facilities, appealing to those seeking a premium lifestyle.

Ubora Towers: A mixed-use development with residential, commercial, and retail spaces. Known for its high-quality construction and range of amenities, it caters to both professionals and families.

Bay Square: A low-rise mixed-use complex that offers residential apartments, office spaces, and retail outlets. The pedestrian-friendly environment and vibrant atmosphere make it a convenient and attractive place to live and work.

What are the closest schools to 'Binghatti Canal' project in Dubai?

Dunecrest American School - Located in Al Barari, accessible within a 15 to 20-minute drive from Business Bay.

Jumeirah English Speaking School (JESS) - Situated in Arabian Ranches, approximately a 20 to 25-minute drive.

GEMS Wellington Primary School - Found in Al Satwa, about a 10 to 15-minute drive.

Hartland International School - Located in Sobha Hartland, Mohammed bin Rashid City, roughly a 15-minute drive.

Clarion School - Positioned in Al Quoz, accessible within a 15 to 20-minute drive.

What are the closest medical clinics to 'Binghatti Canal' project in Dubai?

- Emirates Hospital Clinic Business Bay: Ground Floor, Bay Avenue, Executive Towers, Business Bay
- Dr. Joseph’s Polyclinic: Executive Towers, Tower D, Bay Avenue, Business Bay
- Aster Clinic Business Bay: Building No R16, Bay Square, Business Bay
- Nova Clinic: Building C, Bay Square, Business Bay
- MediCentres Polyclinic: The Oberoi Centre, Business Bay