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Binghatti Terraces is a 10-storey residential complex at Dubai Silicon Oasis in Dubai. The project was developed by Binghatti Developers and was commissioned in 2016. There are a total of 201 residential units, including studios and one- to three-bedroom apartments that are available to buy and rent. Properties range in size from 441 sq. ft. (41 sq. m) to 2,195 sq. ft. (204 sq. m). All of the units have terraces. Studios have entrance halls, bathrooms, open kitchens, and living areas. Apartments feature bathrooms, living rooms, kitchens, and bedrooms. Duplex apartments have stairs, as well as spacious terraces, guest bathrooms, and dining areas. Residents can enjoy a variety of amenities and services, including:
Parking
Gym with professional trainers
Jacuzzi
Swimming pool
Covered children’s play area
Barbecue area
High-speed lifts
Security and video surveillance system
Intercoms
Concierge services
Lobby
| Date | Percentage |
|---|---|
| On Handover | 2016% |
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Binghatti Terraces is located within a five-minute drive of Sheikh Mohammed Bin Zayed Road, one of Dubai’s main highways. As a result, residents have easy access to other parts of the emirate. The nearest bus stops, Axis 1 Residence and Axis 3 Residence, can be reached within a five-minute walk of the complex.
My Sandwich Café and Magic Corn Restaurant are located within a two-minute walk of the residences. Carrefour Supermarket is situated on the ground floor of the complex.
Dubai International Airport can be reached within a 25-minute drive. AG Care Medical Centre and Vernus International School Dubai are located within a five-minute walk. Academic City and Souq Extra Shopping Mall can be reached within a 10-minute walk. Dragon Mart and Desert Palm Polo Club are situated within a 15-minute drive.
Dubai Silicon Oasis is a free economic zone that attracts the attention of international technology companies. The area is therefore ideal for employees of those nearby companies and their families. Properties at Binghatti Terraces have a return on investment rate of 6%. Units can be purchased to subsequently rent out on a long-term basis, which can generate an income. Annual rental rates range from AED 24,000 (USD 7,000) to AED 82,000 (USD 22,000), and the estimated payback period on investments range from 15 to 20 years.
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