One of the Binghatti projects in Dubai. The Mirage project is the company's third in Jumeirah Village Circle. Image Credit: Supplied

Dubai: Binghatti Developers has launched the Dh200 million Binghatti Mirage project worth Dh200 million in Jumeirah Village Circle, representing one of the few offplan launches to take place in Dubai in the year-to-date.

“The launch of reinforces the strength and durability of the real estate sector in Dubai,” said Muhammad Binghatti, CEO. ”It reflects the company's continued expansionary approach as well as great confidence in the sector’s recovery this year.”

Binghatti Mirage will be handed over March 2022. It is the company’s third project in Jumeirah Village Circle, and the number of apartments offered is up to 500. The new project is about 300,000 square feet, featuring 90 apartments consisting of a room and a hall and 70 units of two rooms and a hall. 

"We are betting on the future of real estate investments in Dubai amidst economic and legislative incentives, as well as government initiatives that strongly support the sector," Binghatti said.