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Binghatti Sapphires is a 13-storey residential complex located in Dubai Silicon Oasis. The project was developed by Binghatti Developers, and the main construction work was carried out by Granada Europe Engineering Contracting Co. Properties include studios and one- to two-bedroom apartments that range in size from 419 sq. ft. (39 sq. m) to 1,315 sq. ft. (122 sq. m). Studios have small balconies, living rooms, bathrooms with modern fittings, and open kitchens. Apartments feature bedrooms with ensuite bathrooms, built-in wardrobes, open kitchens, spacious living and dining areas, and balconies. Residents can enjoy a variety of amenities and services, including:
Covered parking
Rooftop event space
Swimming pool
Sauna and steam room
Gym
Children’s playground
High-speed lifts
Security services
Concierge services
Lobby
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The nearest bus stops, RAK Bank Headquarters and Avenue Mall, are situated within a five-minute walk of the complex. Projeto Acaik Silicon Oasis, Deli Sushi Restaurants, Good Market, Fairways Market, and Al Madina Supermarket can also be reached within a five-minute walk. Dubai International Airport is located within a 15-minute drive, and the nearest hospital, Apex Clinics, can be reached in a 10-minute walk.
The building is situated within a 10-minute drive of several popular destinations, including:
Dubai Silicon Oasis is a free economic zone, as well as a centre for technology and innovation. It is home to the offices of hundreds of international technology companies, and employees of those companies typically prefer to live near their workplace. Therefore, the demand for real estate in the Binghatti Sapphires residential complex is steady. Properties have a return on investment rate of 6%. Studios and apartments at Binghatti Sapphires can be purchased to subsequently rent out on a long-term basis, which can generate an income. Annual rental rates range from AED 25,000 (USD 7,000) to AED 55,000 (USD 15,000), and the estimated payback period on investments ranges from 17 to 20 years.
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