Binghatti Developers says its $40.8 million project Binghatti Platinum currently under construction in the Silicon Oasis district of Dubai is on course to be delivered in January 2019.

The Dubai-based developer revealed that construction is “being processed at an accelerated pace” with two basement levels, ground, and four residential floors of the 13-storey building already completed.

Binghatti Platinum features 170 residential units, including 99 studios, 71 two-bedroom apartments, four retail units and is spread over a construction area of 29,000sqm.

With construction of the Binghatti Stars and Binghatti Crystals projects also underway, Binghatti Developers currently have 981 units being developed in Silicon Oasis.

“We are very pleased with the progress of construction works in Binghatti Platinum. We have reached a business model that suits all customer segments, including real estate investors, as our speed of projects’ delivery allows investors to realise investment returns in record time through leasing or reselling,” said Muhammad BinGhatti, CEO and head of architecture at Binghatti Developers.

“The centrally located community of Silicon Oasis has proven to be an excellent area for both end users and investors seeking long term rental returns thanks to its plentiful facilities and amenities, as well as its proximity to major landmarks in Dubai” BinGhatti added. “We consider our commitment to delivery times as a priority, which is a well-known fact solidified by timely deliveries of all Binghatti’s past projects.”