Binghatti Apartments
1 BR · Apartment
About the building
13-storey residential building in Dubai Silicon Oasis, completed in 2015. Developer — Binghatti Developers. Architect — Muhammad Binghatti.
What the building has
- Swimming pool
Specifications for Binghatti Apartments per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Dubai Silicon Oasis
Dubai Silicon Oasis: a self-contained technology free zone with its own housing, schools and retail, on the eastern side of the city.
- self-contained living
- stable family tenants
- affordable yields
What to check: The housing stock spans nearly two decades and condition varies accordingly. Check the building age, the service charge history and the state of the common areas before comparing on price alone.
Full district guide →Questions and answers about lot NP9-210553
How much is this 1-bedroom apartment in Binghatti Apartments?
Lot NP9-210553 is priced at AED 740 000, about $201 000. The size is 742 sq ft (69 m²), which works out at AED 997 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2015 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 148 000; a loan of AED 592 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 000–3 500 a month. A non-resident puts down from 40% (AED 296 000) and pays about AED 2 300–2 600 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 29 600 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
The lot's price is AED 10 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 260 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →What is known about Binghatti Apartments?
The building has 13 floors and 224 units. The developer is Binghatti. Completion year: 2015. Figures are from the project passport: Propsearch and the Dubai Land Department.
Binghatti Apartments project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP9-210553 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in Dubai Silicon Oasis
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