UAE-based Binghatti Developers has announced that the work is progressing at a steady pace on its prime residential project, Binghatti Crystals, located in the master-planned smart city of Dubai Silicon Oasis, with the structure already completed and finishing, façade, and installation works in progress.

A building consisting of 12 floors, Binghatti Crystals will offer a total of 219 units, including 159 studios, eight one- and 48 two-bedroom apartments, in addition to four-bedroom duplexes. Binghatti Crystals will also feature a swimming pool, a gymnasium, in addition to parking facilities, said the leading real estate development company in its statement.

With the finishing, façade, and installation works currently in progress and structure work ready, the project is on track for its scheduled completion, it added.

Binghatti Crystals is centred within walking distance of both the cutting-edge Silicon Park Development, the Dubai Silicon Oasis Authority’s flagship mixed-use community development, and the upcoming Silicon Oasis Mall development.

The Silicon Mall development will feature a LuLu Hypermarket, as well as a cinema, and numerous dining and shopping destinations, it stated.

CEO Muhammad BinGhatti said: "Our focus on the affordable segment of the market was reflective of the reality that affordable properties provide better investment returns than luxury properties which are often held as trophy properties."

"Binghatti Crystals is a project located in Dubai Silicon Oasis, which is an area that has proven to be excellent for both end users and investors seeking long term rental returns," he noted.

"Binghatti Developers has demonstrated its commitment to delivery times across its delivered projects. The company is seeking to redefine the norms of the real estate industry by delivering reasonably priced high-quality projects in a timely manner," stated BinGhatti, who is also the head of architecture at the company.

Binghatti Developers currently operates in several areas throughout Dubai including Business Bay, Dubai Silicon Oasis, Al Jadaf, Dubai Marina, Jumeirah Village Circle, Liwan, and Dubai Land Residence Complex, in addition to a mega commercial project in Abu Dhabi covering an area of 1 million sq ft.-TradeArabia News Service