Dubai-based Binghatti Developers, one of the leading real estate development companies in the UAE, has announced its launch of the second Phase of its 400-million-dirham waterfront project Millennium Binghatti Residences, along with attractive discounts and special payment plans.

Following the tremendous success of Millennium Binghatti Residences’ first sales phase, Binghatti Developers decided to launch the second sales phase of the waterfront project which is valued at AED 135 million.

Inspired from the Millennium Hotels and Resorts and consisting of 230 units including Studio, one-Bedroom and two-Bedroom apartments, this 29-story waterfront project is currently being constructed by Dubai’s Water Canal in Business Bay and is expected to be completed by Q4 2019.

This project features several hotel-inspired lifestyle amenities such as a health club, a swimming pool, jacuzzi, panoramic lifts, a covered parking, a landscaped garden, in addition to various services which include grocery, housekeeping, concierge, daycare, catering, laundry services, as well as 24/7 maintenance hotline.

The tower’s innovative design is a unique and modern reinterpretation of traditional ideas that are still relevant to the regional culture and climate. With a fresh take on historical ideas, Millennium Binghatti Residences is a rare example of the Arabic architecture that has often been overlooked in the pursuit of authentic modernism in Dubai.

This building is located in Business Bay, a cosmopolitan and rapidly growing community at the heart of Dubai which seamlessly blends together high-rise residential, commercial, retail, and entertainment destinations. The building sits directly on the Dubai Water Canal waterfront, which allows it to offer direct views of the iconic Dubai Skyline and Burj Khalifa.

The project’s location ensures that residents are just minutes away from major destinations and landmarks of Dubai such as Downtown Dubai, Safa Park, Dubai International Financial Centre, Meydan, City Walk, Dubai Design District, Zabeel Palace, World Trade Centre, Kite Beach, La Mer, Dubai Frame, and Dubai International Airport.

Within a short time-frame, Binghatti Developers has proven itself as a viable alternative to some of the largest market players, as it is appealing to end-users as well as investors who are aware of the attractive rental yields in Business Bay, the quality of materials used in the project, as well as the company’s timely delivery of projects.

Commenting on the launch of the project’s second sales phase, Muhammad BinGhatti, CEO and Head of Architecture at Binghatti Developers said: “We are very pleased to launch the second sales phase of Millennium Binghatti Residences after the success observed during the first phase. Our latest project is a wise investment for both regional and international investors, with residents set to become part of a thriving community.”

“The success observed during the first phase of the project’s sales strengthens the city’s reputation as a safe-haven for property investments.” Added BinGhatti.