Binghatti Vista is a 13-storey residential complex located in Dubai Silicon Oasis. The project was developed by Binghatti and was completed in 2018. The building attracts attention with its unusual façade. The bases and canopies for the balconies were designed using an orange colour palette and were built to look like honeycombs.
Properties include studios and one- to three-bedroom apartments that are available to buy and rent. Studios have kitchens, bathrooms, and balconies, and they are the most popular units in the building. One-bedroom apartments are the second most sought-after properties and have a minimum size of 890 sq. ft. Apartments feature multiple bathrooms and spacious living rooms.
Residential units occupy the upper nine floors of the building. Commercial units are located on the lower levels. Caremark Pharmacy and Apex Dental Clinic are situated in the building’s common areas.
The complex provides a variety of amenities and services, including:
The annual rental rate for a one-bedroom apartment is AED 40,000 (USD 11,000), and the annual rental rate for a three-bedroom apartment is AED 80,000 (USD 22,000).
Binghatti Vista is located on 87th Street in the suburban area of Dubai Silicon Oasis. The community was established in 2003 when development began. It’s a vibrant commercial area, which ensures a well-developed infrastructure. Al Madina, West Zone Fresh, and Carrefour Supermarket can be reached within five minutes. The complex is situated next to the Rochester Institute of Technology.
The nearest bus stop, Axiom, is located within five minutes of the residences. There are several small grocery stores and cafes that can be reached within a 10-minute walk or five-minute drive. Residents can choose from a selection of local restaurants. Sarhad Darbar, Mud Pot, and Waffle & Crepe are situated near the complex, and the nearest shopping mall, Aswaaq, is located within a 15-minute walk.
Residents have easy access to Sheikh Mohammed Bin Zayed Road, which provides direct routes to other parts of the emirate. Silicon Oasis Park, a central community park, can be reached within a seven-minute drive of the apartments and features landscaped areas with fountains, playgrounds, a football field, and other sports facilities.
Binghatti Vista offers many profitable real estate investment opportunities. Units have a minimum return on investment rate of 7.5%. Two-bedroom apartments have a maximum return rate of 7.9%.
The area attracts tenants since it offers relatively inexpensive rental rates. There are many nearby commercial buildings, which creates steady demand for housing among local professionals. The building is located in a freehold zone, which means that property can be purchased and retained by foreigners.
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