Binghatti Creek

Binghatti Creek is a new residential complex in the Al Jaddaf community by Binghatti Developers, which has an investment value of around AED 3.5B (USD 953M). At the moment the project is currently under construction, with the estimated date of handover set to be March 2023. Project features symbolic design elements, including individual balconies that are interwoven together to form a unified community. Such a pattern creates an illusion which makes the building’s static environment appear as a unique, dynamic design. The 21-storey mixed-use building features both residential and commercial properties. The total plot area of Binghatti Creek constitutes 34,007 sqft and the complex offers one, two and three-bedroom residential units as well as one retail shop. The total number of residences in the building is 334, and consists of 230 one-bedroom apartments, 21 two-bedroom units, and 83 three-bedroom residences. Property sizes in the development range from 703 to 1,509 sqft. The Binghatti Creek mixed-use complex has a prime location in the Al Jaddaf community, which is located in western Dubai and is part of Bur Dubai. The word ‘Al Jaddaf’ means ‘The Rower’, as this area was historically used as a traditional dhow sailboat building hub. The waterfront side of the neighbourhood is still dedicated to shipyards as well as the construction of a large dhow, which is predicted to set a new world record. Binghatti Creek has an advantageous location near Al Ain – Dubai Road, Sheikh Rashid Road and Al Khail Road, which will provide residents of the Binghatti Creek complex fast and easy access to some of the emirate’s major destinations. Neighbouring districts of the area comprise Za’abeel, Umm Hurair 2 and Dubai Festival City, and travel time to Downtown Dubai, Business Bay and DIFC will take less than a 10-minute drive. Both Dubai airports can be reached in a 30-40 minute drive. Al Jaddaf is one of the most popular communities in Bur Dubai, which is aimed at progressive young professionals striving towards a dynamic lifestyle. The starting rental price of a 1-bedroom residence in the Al Jaddaf area constitutes AED 33,000 (USD 9,000) per year, with the estimated ROI at 5%. The Binghatti Creek complex is located in a freehold area, which means any nationality can purchase a residence here and have 100% ownership of the property.