Binghatti Luna

Nestled in the JVC District 12, Jumeirah Village Circle, Binghatti Luna is a 20-storey residential building by Binghatti Developers. With an estimated 212 units, the development offers 1 and 3-bedroom apartments for purchase, in addition to 5 retail units. The size of the properties ranges from a generously sized 616 sq. ft 1-bedroom unit to more spacious 3-bedroom units at 1,491 sq. ft.

Binghatti Luna will boast a unique balcony design, which will ensure sufficient outdoor space and the utmost privacy at the same time. This type of concept will also provide shade which will reduce the amount of energy needed to cool the living spaces within the development. The master plan of Binghatti Luna features a basement level which will be used for parking.

The starting price for a 1-bedroom apartment in Binghatti Luna amounts to AED 610,000 (USD 166,000). It is worth noting the service charge for internal spaces AED 10 (USD 2.72) per sq. ft and AED 2.5 (USD 0.68) for balconies.

The development is due for completion in Q3 2023, leaving potential buyers enough time to invest in a property at lower prices during the initial stages of construction. If you opt to invest in a property here for a subsequent lease, you will be keen to learn that the average gross ROI in JVC is 7%, as of Q3 2022, with the minimum rental price set at AED 30,000 (USD 8,000). These figures were revealed by the Property Finder portal. You can use our property management service, which will enable you to take advantage of passive income from anywhere in the world.

If you decide to buy a property priced from a minimum of AED 750,000 (USD 205,000), you become eligible for a 3-year investor visa. The only nuance in this case is that you will have to wait for the completion of construction to be able to apply for one, as this regulation does not cover off-plan real estate.