FAQ
Binghatti’s projects offer impressive returns on investment due to their strategic locations, high-quality construction, and strong market appeal. For investors seeking consistent rental income and capital appreciation, Binghatti’s developments present attractive opportunities to enhance their real estate portfolios.
Binghatti stands out as a premier property brand in the UAE, based in DIFC. The company is acclaimed for its remarkable architectural designs and manages an investment portfolio exceeding AED 30 billion, spread across several prestigious projects in Dubai.
Binghatti’s financial performance saw a significant increase of 138.8% year-on-year, reaching AED 726.3 million in 2023, as per its consolidated financial statements. The company’s revenue more than doubled during this period, amounting to AED 2.13 billion. For expert guidance, Lux Sar Properties can assist in navigating Binghatti’s investments.
The starting price for properties in the Burj Binghatti project is AED 10,000,000 ($2,700,000). The development offers five penthouses available in three distinct designs: Astronomia, Fleurs De Jardin, and Billionaire.
Here is the breakdown of fees associated with buying a property in Dubai:
Dubai Land Department (DLD) fees: 4% of the property price plus administrative fees (AED 580 for apartments and offices, AED 40 for off-plan properties)
Registration fees: AED 2000 + 5% VAT for properties valued below AED 500,000, and AED 4000 + 5% VAT for those above AED 500,000
Mortgage registration fees: Up to 0.25% of the loan amount plus AED 290
Property service charges: These vary based on square footage, ranging from AED 3 to AED 30 or more.
To purchase a property in the UAE, you will need the following documents:
A copy of the sale and purchase agreement
A valid Emirates ID copy
A valid passport copy for non-residents
For personalized assistance, Lux Sar Properties can help streamline the property purchase process.