Binghatti Skyrise development sells 50 percent of units within 24 hours of launch
The $1.4bn Binghatti Skyrise development in Dubai sold 50 per cent of its units sold within 24 hours of launching.
The unveiling event, held at The Meydan Hotel’s Sky Bubble on October 30, attracted more than 5,000 guests, including prominent investors and high-net-worth individuals from the region.
Binghatti revealed the project location with a light display that illuminated the Dubai skyline, symbolically marking the project’s place in the city’s future.
Binghatti Skyrise in Dubai
Muhammad BinGhatti, Chairman of Binghatti, said: “Binghatti Skyrise is more than just another development; it’s a statement in Dubai’s evolving luxury landscape. The rapid sell-out is a testament to the market’s confidence in Business Bay’s long-term value, and in Binghatti’s commitment to delivering quality and innovation.
“With the addition of Binghatti Skyrise, Binghatti’ portfolio now exceeds AED40bn ($10.9bn). This launch aligns with Binghatti’s vision to double its project portfolio to over AED100bn ($27.2bn) in the next 18 months, demonstrating a steadfast commitment to shaping Dubai’s luxury real estate market with innovative, high-value developments.”
As one of the final available plots in Business Bay, Binghatti Skyrise represents a rare opportunity for investors looking to secure property in a high-demand area with limited future supply.
The project, valued at AED5bn ($1.4bn), features a total of 3,333 units, including 2,256 studios, 996 one-bedroom units, 24 two-bedroom units, 26 three-bedroom units, and 31 retail spaces.
Its proximity to Dubai’s financial and lifestyle districts ensures a strong rental market, positioning it as a compelling asset for both immediate occupancy and future appreciation.
