Benghatti completes 5 projects valued at Dh1B

dubai — Dubai-based property developer Benghatti on Sunday said it delivered 5 projects worth Dh1 billion ahead of schedule in the UAE.

The company said in a statement that its projects range from residential to industrial, including Benghatti Views, Benghatti Horizon, a factory in Dubai Silicon Oasis, Benghatti Court at the Jumeirah Village Circle, as well as the main building of the juice and food factory in Abu Dhabi, which accounts half of the total investments value of Dh500 million.

“We are constantly looking at the best investment opportunities in the local market in Dubai, as our future objectives do not stop at certain limits. We will continue to strive to develop and implement the best practices in all our projects in terms of engineering, designs, quality of finishes, distinguished locations,” said Mohammed Benghatti, CEO, Benghatti Developer.

Benghatti pointed out that the company has started to implement its future plan until 2020. Its portfolio includes 17 new projects in different parts of Dubai. These new projects are distributed among five vital investment areas in the Emirate, namely, Silicon Valley, Business Bay, Al Jaddaf, Dubai Land Residence and Liwan.

The developer, which has 30 projects currently under developments in various locations in Dubai – a is also considering acquiring more development land plots in the same areas to strengthen its land bank, which currently stands at 2 million square feet. These 30 buildings will add 6,000 housing units and retail spaces to the local market, at a rate of 1,500 to 2,000 units per year.

Mohammed Benghatti stressed that Dubai real estate market has all the fundamentals and bases to keep abreast of all developments in different circumstances and times. —waheedabbas@khaleejtimes.com