Binghatti Developers’ completed project, Binghatti Diamonds, was announced as the winner for the 2018 Cityscape Awards for Emerging Markets in the Affordable Housing category during the Awards Ceremony which took place on the Tuesday October 2nd at the Intercontinental Dubai Festival City, Al Ras Ballroom.
Located in Dubai Silicon Oasis, Binghatti Diamonds demonstrates one of the most important innovations in affordable housing in Dubai. The fully sold out project was thoughtfully planned to enable Dubai’s middle-income population to benefit from affordable and spacious units in Dubai Silicon Oasis, one of Dubai’s most up and coming communities. The building was completed in November of 2017 and is managed and leased by Binghatti Developers.
Covering a range of categories, the 2018 Cityscape Awards for Emerging Markets offer international architects and leading real estate developers a prestigious platform to communicate a shared vision for the future and to be recognized for their contributions to the built environment. The Cityscape Awards represent the best in a growing international base of projects, which has seen a record 290 projects entered this year, from 28 countries culminating in the 70 shortlisted projects and 15 winners.
Commenting on the prestigious award, Muhammad BinGhatti, CEO and Head of Architecture at Binghatti Holding said: “I am humbled and grateful to receive this prestigious award at the Cityscape Awards for Emerging Markets 2018 in the Affordable Housing category. It’s no secret today that our strength is in the mid-segment property market and that we’re leading this segment as we’ve been synonymous with high quality and timely delivery”.
“We believe that our vision of providing high-quality buildings for the mid-segment of the market has allowed us to set the trend for other developers in the market to begin tailoring projects for middle income families in Dubai. We are proud to be a part of this movement as it ensures the stability, sustainability, and growth for both the property market and Dubai as a whole” added BinGhatti.