Binghatti Onyx
✓ Resale Available

Binghatti Onyx

From AED 1.18M·Completed Oct 2024·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 1.18M
Starting Price
Oct 2024
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
1 BR · Apartments
Type

Project Overview

Binghatti Onyx, a contemporary project by developer Binghatti in JVC, is a residential tower with a striking design that blends traditional Middle Eastern elements with contemporary design. The tower comprises a basement floor, a ground level, four podium floors, thirty-six residential floors, and a roof. With its clean lines and glass panels, the facade of this development stands out amongst the surrounding homes, yet blends perfectly into the landscape of the neighborhood. The main property types in the development include luxury one- to two-bedroom apartments as well as commercial units located on the lower floors of the building. Binghatti Onyx boasts a wide range of amenities to provide residents with a comfortable living and recreational experience. These include a swimming pool with sun loungers, a gym with state-of-the-art equipment, children's playgrounds and sports fields, including a basketball court, as well as a green picturesque park with walking paths and recreational facilities. Within walking distance are stores, restaurants, cafes, and parks. The complex has a very convenient location. Nearby are the main thoroughfares of Dubai, which provides residents with quick access to public and social infrastructure of the city. Circle Mall is just three minutes away, Dubai Marina and JBR beach are 15 minutes away by car, and the road to Business Bay, Downtown and Burj Khalifa will take 20 minutes.

Project Specifications
DeveloperBinghatti Developers
LocationJumeirah Village Circle (JVC)
Unit Types1 BR, Apartments
AreaJumeirah Village Circle (JVC)
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 50,917 / year
Cash-on-Cash
1.8%
Levered cashflow AED 11,977
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 76,700 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Binghatti Onyx launch basis1,311AED 1.18MCurrent launch / asking basis
Jumeirah Village Circle (JVC) ready-stock comps1,050AED 945,000Indicative resale benchmark
Jumeirah Village Circle (JVC) premium peer launches1,300AED 1.17MNew-launch peer set
Trophy alternative proxy1,500AED 1.35MHigher-end anchor for negotiation context

Gallery

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Binghatti Onyx official render 1

Binghatti Onyx official render 1

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Binghatti Onyx official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Binghatti Developers.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Flexible Payment

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Floor Plans

Binghatti Onyx — 1 Bedroom Floor Plan

Amenities & Lifestyle

Accessibility for people with disabilities
Central A/C
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Laundry
Leisure areas
Pets Allowed
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Jumeirah Village Circle (JVC)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Village Circle (JVC)Jumeirah Village Circle (JVC)Dubai, UAE

Developer Track Record

01

Binghatti Onyx by Binghatti Developers

02

Located in Jumeirah Village Circle (JVC)

03

Starting from AED 1,180,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Oct 2024

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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