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 price is valid for 2022
Binghatti Luna is located right next to Sheikh Mohammed Bin Zayed Road, thus facilitating quick and easy commutes around the rest of Dubai. That being said, within a 15 minute drive, potential occupants will be able to reach Dubai Studio City and Motor City, among other popular communities. At the same time, travel time to Dubai International Airport is about half an hour. Not forgetting that there are a range of bus stations within walking distance of Binghatti Luna, such as JVC – Nakheel Villas T12-1, JVC – Qamash Blvd A-1 and JVC – Emirates Garden Rose 2 Apartments 1, just to name a few.
For a quick grocery shop, residents have the option of visiting Greens Mini Mart located nearby. Just a 20-minute walk away, there is also Circle Mall with over 80 retail outlets, in addition to family entertainment centers, restaurants and wellness facilities. The area also houses HUNA Aquatics, which is the first facility in the region with a rooftop swimming pool and a swimming academy.
Other facilities that can be reached within a 10-minute drive of Binghatti Luna include:
As well as all the above, the upcoming development boasts close proximity to an array of the neighbourhood’s best-selling developments, such as Catch Residences, The Portman, Oakley Square Residences and many more.
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.
*The price is valid for 2022
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