Binghatti House in Jumeirah Village Circle - Dubai residental property project
Cap rates, sales prices, rents and deal volumes
Sales prices for completed properties in Binghatti House
Rooms
Size, sqm
Sale price, AED/sqm
Sale price, AED
Studio
29
20,704
600,000
1
60
16,759
1,004,882
2
103
16,474
1,700,000
Rents in Binghatti House
Rooms
Size, sqm
Rent, AED/sqm/ year
Rent, AED
Studio
29
1,586
46,000
1
57
1,237
70,222
2
103
1,214
125,000
The cap rate (rental yield) of investments into Binghatti House project is 7.8% on average.
The price of an apartment in Binghatti House is 17,191 AED/sqm on average.
The long term rent of an apartment in Binghatti House is 1,277 AED/sqm/year on average.
Price for completed Studio apartment in Binghatti House is 600,000 AED or 20,704 AED/sqm. Price for completed 1 bedroom apartment in Binghatti House is 1,004,882 AED or 16,759 AED/sqm. Price for completed 2 bedroom apartment in Binghatti House is 1,700,000 AED or 16,474 AED/sqm.
Rent for Studio apartment in Binghatti House is 46,000 AED or 1,586 AED/sqm. Rent for 1 bedroom apartment in Binghatti House is 70,222 AED or 1,237 AED/sqm. Rent for 2 bedroom apartment in Binghatti House is 125,000 AED or 1,214 AED/sqm.
About Binghatti House
'Binghatti House' in 'Jumeirah Village Circle' area project description
Binghatti House stands as a noteworthy addition to the ever-evolving landscape of Jumeirah Village Circle (JVC) in Dubai. Developed by Binghatti Developers, one of Dubai's most renowned real estate companies, the Binghatti House project underscores a commitment to innovative design and high-quality construction. Recognized for its unique architectural style characterized by intricate façade elements and a blend of traditional Middle Eastern artistry with modern engineering, Binghatti House offers a sophisticated living environment that appeals to both investors and end-users.
The project seamlessly integrates functionality with aesthetics, offering a mix of residential units that include studios, one-bedroom, and two-bedroom apartments. These living spaces are meticulously designed to maximize space and enhance natural light. High-quality finishes, state-of-the-art appliances, and smart home technologies further elevate the living experience, catering to the contemporary needs of residents.
Binghatti House does not compromise on amenities. Residents enjoy access to a range of facilities designed to enhance quality of life. These include a modern gym equipped with the latest fitness gear, a swimming pool for relaxation and leisure, children’s play areas, and landscaped gardens which provide a serene environment amidst the urban setting. Additionally, the presence of retail outlets and dining options within the development ensures convenience at every step.
The strategic location of Binghatti House within JVC is another significant advantage. Jumeirah Village Circle is one of Dubai's most sought-after residential communities, known for its family-friendly environment, extensive green spaces, and a sense of community. The development is well-connected to major roads such as Sheikh Mohammed Bin Zayed Road and Al Khail Road, providing easy access to key destinations across Dubai, including business hubs like Downtown Dubai, Dubai Marina, and Dubai International Airport. Proximity to reputable schools, healthcare centers, shopping malls, and recreational facilities further enhances its appeal.
Binghatti House is not just about luxurious living; it also represents a sound investment opportunity. Its prime location in a rapidly developing area, combined with the high standards of construction and design, suggests strong potential for capital appreciation and rental yields. The developer’s reputation for delivering projects on time and maintaining high quality further assures investors of a reliable and profitable real estate investment.
In essence, Binghatti House at Jumeirah Village Circle encapsulates the dynamic spirit of Dubai’s real estate market, offering a blend of luxury, convenience, and investment potential that is hard to match.
Q&A on Binghatti House
What are the advantages of 'Binghatti House' project in Dubai for property buyers? What are the disadvantages?
Advantages of 'Binghatti House' Project in Jumeirah Village Circle (JVC), Dubai
1. Strategic Location: Binghatti House is located in JVC, a growing community that offers a mix of luxury and affordability. It provides easy access to key areas in Dubai, such as Downtown Dubai, Dubai Marina, and the Expo 2020 site.
2. Modern Amenities: The project is designed with a range of amenities including swimming pools, gyms, play areas, and retail outlets. These features make it convenient for residents and enhance the living experience.
3. Investment Potential: JVC has seen consistent growth in property value, making Binghatti House an attractive option for investors. The competitive pricing in comparison to other high-end areas offers potential for high returns.
4. High-Quality Construction: Binghatti is known for its commitment to quality and innovative design. This ensures that the project adheres to high standards, providing durable and aesthetically pleasing living spaces.
5. Community Living: JVC is designed with a sense of community in mind, featuring parks, mosques, schools, and multiple dining and retail options. This creates a vibrant and connected neighborhood perfect for families.
6. Payment Plans: Often, developers in Dubai offer flexible payment plans to make the purchasing process easier for buyers. Binghatti House is likely to offer appealing plans that could ease financial pressures.
7. Scenic Views: The architectural design ensures that many units have impressive views of Dubai's skyline or the lush greenery of JVC, adding to the aesthetic value.
Disadvantages of 'Binghatti House' Project
1. Ongoing Construction: JVC is a developing area with numerous ongoing projects. This can lead to noise, dust, and general inconvenience for residents until the area is fully developed.
2. Traffic Congestion: As JVC continues to grow, traffic congestion could become an issue particularly during peak hours. The infrastructure is being developed but may still lag behind the rapid growth rate.
3. Market Competition: The Dubai real estate market is highly competitive, with many new developments offering alluring features. This might make it difficult for Binghatti House to stand out unless it offers unique attributes.
4. Service Charges: The comprehensive amenities often come with high service charges, which can be a long-term financial consideration for prospective buyers.
5. Rental Yields Volatility: Although JVC has been experiencing growth, rental yields can be volatile due to the large number of properties available and the cyclical nature of the real estate market.
6. Public Transport Access: While improving, public transport in JVC is not as robust as in other parts of Dubai. Residents who rely on public transit may find this inconvenient.
7. Resale Value: Given the rapid development in Dubai, there is always a risk that newer, more modern properties could impact the resale value of units in older developments like Binghatti House over time.
What projects are better than 'Binghatti House' project in Dubai which are located close by, and why?
1. Belgravia Square by Ellington Properties: - Design and Finish: High-quality finishes and modern design aesthetics. - Amenities: Extensive offerings including swimming pools, fitness centers, and landscaped gardens. - Developer Reputation: Ellington Properties is known for premium developments with a focus on design and functionality.
2. Oxford Residences by Iman Developers: - Boutique Style: Offers a more personalized and exclusive living experience. - Smart Home Systems: Integrates advanced smart home technologies for modern living. - Community Focus: Emphasis on creating a tight-knit community, appealing to families and professionals alike.
3. Joya Verde by Green Yard Properties: - Sustainable Living: Emphasis on eco-friendly materials and sustainable construction practices. - Rooftop Gardens: Unique feature providing green space and leisure areas within the development. - Competitive Pricing: Attractive price points for the level of quality and amenities offered.
4. La Riviera Apartments by B&M Riviera Developments: - Resort-Style Living: Designed to give a holiday feel with extensive leisure facilities like pools and fitness centers. - Spacious Layouts: Offers larger apartment sizes compared to many other developments in JVC. - Proximity to Key Areas: Strategically located for ease of access to key locations within Dubai.
5. Signature Livings by Green Group: - Eco-Friendly Initiatives: Focus on sustainability with energy-efficient appliances and green building standards. - Modern Architecture: Contemporary design with attention to detail in communal spaces. - High ROI: Promises strong rental yields due to the quality and location of the project.
6. Bloom Heights by Bloom Holding: - Value for Money: Combines affordability with high-quality construction and amenities. - Panoramic Views: Offers excellent views due to the height of the towers. - Comprehensive Facilities: Includes all essential amenities such as gyms, pools, and recreational areas.
Each of these projects offers distinct advantages in terms of design, amenities, sustainability, and overall value, making them appealing alternatives to the 'Binghatti House' project in Jumeirah Village Circle.
What are the closest schools to 'Binghatti House' project in Dubai?
JSS International School is located in Jumeirah Village Circle (JVC) itself, making it one of the closest options. Nord Anglia International School Dubai is situated in Al Barsha, approximately a 10-minute drive from JVC. GEMS United School can be found in Sports City, about a 12-minute drive away. Dubai British School is located in Emirates Hills, roughly a 15-minute drive. Sunmarke School is in Jumeirah Village Triangle, approximately a 7-minute drive from JVC.
What are the closest medical clinics to 'Binghatti House' project in Dubai?
The closest medical clinics to the 'Binghatti House' project in Jumeirah Village Circle (JVC) area in Dubai are:
1. Karama Medical Centre – Located in JVC at the Prime Business Center. 2. Magnum Gulf Medical Center – Located in JVC at Al Barsha South Fourth. 3. Apex Medical & Dental Clinics – Located in Motor City, which is a short drive from JVC. 4. Medicentres Motor City – Located in Motor City, and it provides a range of healthcare services. 5. Your Health Clinic – Located in Barsha Heights (Tecom), approximately a 10-15 minute drive from JVC.