Binghatti Onyx — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 50,917 / year
Cash-on-Cash
2.2%
Levered cashflow AED 11,977
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 542,800 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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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,...

Published payment summary

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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

Jumeirah Village Circle (JVC)

Developer and Project Facts

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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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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