Binghatti Onyx in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Binghatti Onyx

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	67	16,636	1,122,500
2	146	13,159	1,927,000

Rents in Binghatti Onyx

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	63	1,332	84,167
2	145	1,126	163,333

The cap rate (rental yield) of investments into Binghatti Onyx project is 8.9% on average.

The price of an apartment in Binghatti Onyx is 13,700 AED/sqm on average.

The long term rent of an apartment in Binghatti Onyx is 1,222 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Binghatti Onyx is 1,122,500 AED or 16,636 AED/sqm.
Price for completed 2 bedroom apartment in Binghatti Onyx is 1,927,000 AED or 13,159 AED/sqm.

Rent for 1 bedroom apartment in Binghatti Onyx is 84,167 AED or 1,332 AED/sqm.
Rent for 2 bedroom apartment in Binghatti Onyx is 163,333 AED or 1,126 AED/sqm.

About Binghatti Onyx

'Binghatti Onyx' in 'Jumeirah Village Circle' area project description

Binghatti Onyx is an architectural masterpiece located in the flourishing community of Jumeirah Village Circle (JVC) in Dubai. This development by Binghatti Developers is designed to offer a unique blend of modern aesthetics and practical functionality, making it one of the most exciting residential projects in the area.

The Binghatti Onyx project features a collection of impeccably designed apartments, offering a range of one and two-bedroom options to cater to diverse lifestyle needs. Each unit is crafted with meticulous attention to detail, ensuring that residents enjoy not only visually stunning homes but also ones that prioritize comfort and convenience. The apartments boast spacious layouts, state-of-the-art fixtures, and premium finishes, creating a luxurious living environment. Floor-to-ceiling windows allow natural light to flood the interiors, creating a bright and airy atmosphere while offering breathtaking views of the surrounding skyline and lush greenery.

One of the standout features of Binghatti Onyx is its distinctive architectural design. The building showcases Binghatti Developers' signature style, characterized by innovative facades and artistic elements that set it apart from typical residential buildings. The use of geometric patterns and bold colors not only enhances the visual appeal but also optimizes energy efficiency, ensuring sustainable living.

Residents of Binghatti Onyx enjoy an array of top-notch amenities designed to enhance their lifestyles. The development includes a rooftop swimming pool, a state-of-the-art fitness center, and beautifully landscaped gardens, providing ample opportunities for relaxation and recreation. There are also dedicated children's play areas, ensuring that families have a safe and engaging environment for their little ones.

The location of Binghatti Onyx within Jumeirah Village Circle is another significant advantage. JVC is one of Dubai's most sought-after communities, known for its distinct combination of urban convenience and tranquility. The area boasts excellent connectivity to other parts of Dubai, including key destinations such as Downtown Dubai, Dubai Marina, and the Palm Jumeirah, thanks to its proximity to major highways like Sheikh Mohammed Bin Zayed Road and Al Khail Road.

In addition, JVC offers an abundance of retail outlets, dining options, schools, and healthcare facilities, making it an ideal choice for families, professionals, and investors. The community's serene environment, coupled with its range of services and amenities, ensures that residents of Binghatti Onyx enjoy a fulfilling and balanced lifestyle.

Overall, Binghatti Onyx in Jumeirah Village Circle presents a harmonious blend of innovative architecture, luxurious living spaces, and a prime location, making it a highly attractive option for those looking to invest in Dubai’s dynamic real estate market.

Q&A on Binghatti Onyx

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

### Advantages of 'Binghatti Onyx' Project in Jumeirah Village Circle

1. Prime Location: Located in Jumeirah Village Circle (JVC), the project offers easy access to key destinations in Dubai, such as Dubai Marina, Downtown Dubai, and major highways. This enhances convenience for residents.

2. Affordability: Properties in JVC are generally more affordable compared to other prime areas in Dubai, making Binghatti Onyx an attractive option for first-time buyers and investors looking for cost-effective opportunities.

3. High Rental Yield: JVC is known for providing good rental yields due to high demand for rental properties. This makes the project a favorable choice for investors seeking steady rental income.

4. Modern Amenities: Binghatti Onyx is expected to come with state-of-the-art amenities like swimming pools, fitness centers, and landscaped gardens, offering a modern lifestyle to its residents.

5. Community Living: JVC offers a family-friendly atmosphere with a range of schools, parks, and community centers, making it a great place for families and individuals alike.

6. Developer Reputation: Binghatti Developers have a solid reputation for delivering quality projects in Dubai, providing buyers with the assurance of reliable construction and timely delivery.

7. Innovative Design: The project is likely to feature Binghatti's signature architectural style and innovative designs, adding aesthetic appeal and functionality to the living spaces.

### Disadvantages of 'Binghatti Onyx' Project in Jumeirah Village Circle

1. Construction Noise: JVC is still undergoing development, and residents may have to deal with construction noise and disturbances from nearby projects for the foreseeable future.

2. Traffic Congestion: As JVC becomes more popular, traffic congestion could become an issue, particularly during peak hours. This could affect the ease of commuting.

3. Market Saturation: The increasing number of developments in JVC may lead to market saturation, potentially impacting property values and rental demand in the long term.

4. Limited Public Transportation: Currently, JVC is not served extensively by Dubai's public transportation network, which might be a drawback for those reliant on public transit.

5. Delayed Delivery: As with any new development, there is a risk of construction delays, which could affect buyers who are keen to move in by a specific date or start earning rental income promptly.

6. Service Charges: Modern amenities come at a cost, and residents can expect higher service charges to maintain these facilities, which could affect the affordability of the property over time.

7. Retail and Dining Options: While JVC is developing rapidly, it still lacks the range of high-end retail and dining options available in more established areas, which may be a drawback for some residents.

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

1. Five Jumeirah Village:
- Developer Reputation: Developed by FIVE Holdings, known for luxury lifestyle projects.
- Amenities: Includes multiple dining options, a spa, a gym, and over 260 swimming pools.
- Design: Unique circular architecture, offering panoramic views and spacious layouts.
- Community: High-end living with a focus on wellness and recreational activities.

2. Nakheel Townhouses:
- Developer Reputation: Delivered by Nakheel, a leading developer in Dubai.
- Living Experience: Offers more privacy and space with townhouse units compared to apartment living.
- Family-Friendly: Gated community with parks, playgrounds, and proximity to schools and retail outlets.
- Investment Potential: High demand for family homes, ensuring good rental returns and capital appreciation.

3. Bloom Heights:
- Developer Reputation: A project by Bloom Properties with a track record for timely project completion.
- Facilities: Features multiple swimming pools, a gym, retail outlets, and landscaped areas.
- Design: Modern design with spacious balconies and smart home features.
- Security: Enhanced security measures and concierge services for added convenience.

4. Belgravia by Ellington Properties:
- Developer Reputation: Ellington Properties is celebrated for its design-centric approach and high-quality finishes.
- Community Features: Lush landscapes, art-inspired interiors, fitness centers, and children's play areas.
- Value for Money: Competitive pricing given the upscale amenities and premium finishes.

5. The Square by Tiger Properties:
- Developer Reputation: Tiger Properties is known for affordable luxury housing in Dubai.
- Amenities: Rooftop swimming pool, health club, designated barbecue area, and children’s play area.
- Affordability: Attractive pricing strategy without compromising on quality or amenities.
- Accessibility: Easy access to main highways, making commutes more convenient.

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

1. JSS International School - Situated within Jumeirah Village Circle itself.
2. Sunmarke School - Located in Jumeirah Village Triangle, very close to JVC.
3. Nord Anglia International School Dubai - Located in Al Barsha South, a short drive from JVC.
4. GEMS World Academy - Found in Al Barsha South, accessible from JVC.
5. Global Indian International School (GIIS) - Situated in Al Barsha, within reasonable proximity to JVC.

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

1. Mediclinic Me’aisem
- Location: City Centre Me’aisem, Me’aisem 1, Dubai Production City, Dubai.

2. Medcare Medical Centre
- Location: Ground Floor, Building B1, Al Khail Avenue, Jumeirah Village Triangle, Dubai.

3. Karama Medical Centre (KMC)
- Location: Jumeirah Village Circle, Dubai.

4. Right Health Karama Medical Center
- Location: Jumeirah Village Circle, Dubai.

5. Your Health Clinic
- Location: Circle Mall, Jumeirah Village Circle, Dubai.