Dubai-based developer Binghatti Holding is set to build its first master-planned residential community in the Meydan district’s Nad Al Sheba 1, with an estimated development value exceeding $6.81 billion. The project will span over 8 million square feet of gross floor area, and the land acquisition was self-financed. This new mega-project builds on Binghatti’s vertically integrated model, which currently includes 20,000 units across nearly 30 projects in various Dubai residential areas. The developer is also known for its branded residences in partnership with Bugatti, Mercedes-Benz, and Jacob & Co.
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