Dubai-based real estate development company Binghatti Developers signed its first sales agreement with Izdihar Real Estate Fund, which is managed by Oman-based financial services company Bank Muscat.
The 200 million dirhams ($54.5 million) agreement comprises the acquisition of Binghatti Vista and Binghatti Sapphires, two of the best residential properties in Dubai Silicon Oasis.
Located just off Sheikh Mohammed bin Zayed road, Binghatti Vista is an iconic 9 floors building that highlights Binghatti Developers’ signature design.
The second property acquired by Izdihar Real Estate Fund is Binghatti Sapphires, a 10 floors residential building which includes 60 studios, 29 one-bedroom, 39 two-bedroom apartments in addition to 1 three-bedroom apartment.