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Binghatti Developers Comes Up With $2.7 Billion Investment Plan: Aims To Launched 12 New Projects And Academy 

Posted by cafedetech on June 11, 2024

Binghatti Developers has announced the launch of its 12 new projects valued at AED 10 billion. These world-class projects will be launched in the second half of the ongoing year. 

CEO of Binghatti Developers, Mohammed Binghatti, talked about the progress of ongoing projects. Sales of Mercedes Benz Places by Binghatti have surpassed 90%. On the other hand, sales of the Jacob & Co Residences have crossed 50%, depicting that these projects are attracting clients and generating decent sales.

The CEO of Binghatti Developers also discussed Dubai’s real estate investment potential. He believes that people from different countries are interested in Dubai’s property market because of the ease of doing business. Investors earn 7-8% of rental income.

Strategic Partnership: Furthermore, Binghatti Developers has signed a strategic agreement in order to advance its support to (the Dubai Real Estate Broker Program).

Mohammed Binghatti stated, “Our partnership with the DLD comes within our goals of boosting integration between the private and public sectors, and contributing from our side to achieving the goals of the Dubai Real Estate Broker Program.”

MR. CEO also showed his interest in taking initiatives to enhance the scope of Emirati roles as buyers, brokers and employees. He also stated that he had a plan to establish a real estate academy to train professionals.

Dubai Real Estate Broker Program intends to improve the scope of Emirati partnerships in the real estate sector via skill development and job opportunities. Emirati investors will get discounts and easy payment plans in order to improve their sales and commissions.

This agreement seems to be an effort to create employment opportunities and fill these jobs through support, grow the real estate industry, and foster a culture of innovation.

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