Binghatti Skyrise has set a new benchmark in Dubai’s real estate market, achieving 50% sales of its units within just 24 hours of launch. The impressive demand underscores the unique appeal and market confidence in this luxury development.
The exclusive launch event, held on October 30th at The Meydan Hotel’s Sky Bubble, attracted over 5,000 attendees, including prominent investors and high-net-worth individuals. A dramatic light display showcased the project’s location, illuminating Dubai’s skyline and signaling Binghatti Skyrise’s prominent place in the city’s future.
“Binghatti Skyrise is a milestone in Dubai’s luxury real estate,” said Muhammad BinGhatti, Chairman of Binghatti. “The rapid sales confirm investor trust in Business Bay’s value and Binghatti’s commitment to quality and innovation. This project takes our portfolio beyond AED 40 billion, aligning with our vision to double our portfolio to over AED 100 billion in the next 18 months. Binghatti Skyrise exemplifies our dedication to redefining Dubai’s luxury market with cutting-edge, high-value projects.”
Situated on one of the last available plots in Business Bay, the AED 5 billion development presents a rare investment opportunity. Binghatti Skyrise includes 3,333 units: 2,256 studios, 996 one-bedroom units, 24 two-bedroom units, 26 three-bedroom units, and 31 retail spaces. Its prime location near Dubai’s financial and lifestyle hubs offers a robust rental market, making it a strategic asset for both investors and residents seeking luxury and sustainable value. Binghatti Skyrise features more than 15 amenities, setting a new standard for future developments in Business Bay.
About Binghatti Developers:
As a leading Emirati brand, Binghatti Developers holds a distinguished position in the real estate market, with over 70 projects valued above AED 40 billion. Under the guidance of Chairman Engineer Muhammad BinGhatti, Binghatti consistently delivers luxury projects that combine sophisticated design with premium quality. By 2024, Binghatti had completed over 15,000 residential units in collaboration with renowned brands such as Bugatti, Mercedes-Benz, and Jacob & Co. The company remains committed to expanding its portfolio to meet the rising demand for upscale residential developments, solidifying its role in elevating Dubai’s luxury real estate market.