KONE Corporation, press release, September 1, 2025
KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide a suite of People Flow® solutions for Binghatti Skyrise, a new three-tower residential development rising 250 meters in Dubai's Business Bay. The project will bring premium apartments and accommodate over 3,500 people daily, adding to the city's modern skyline.
Developed by Binghatti, the Skyrise project will be completed in March 2027. The three towers will share a common podium and parking structure, contributing to Dubai's reputation as a global hub for innovative high-rise living.
KONE and Binghatti have a long-standing collaboration, working together on several landmark developments across Dubai. Building on this partnership, the Skyrise project highlights the shared commitment of both companies to deliver advanced high-rise solutions and create premium residential experiences in one of the city's most dynamic districts. Beyond its striking design, the development will contribute to the ongoing growth of Business Bay as a hub for business, lifestyle, and investment.
"We are delighted to continue our strong collaboration with Binghatti through the Skyrise project," says Samer Halabi, KONE Executive Vice President for Asia-Pacific, Middle East and Africa. " This project reflects our Rise strategy in action, where residential plays a central role. With our advanced technologies and reliable services, KONE is helping to create safe, seamless, and sustainable living experiences for people, right at the heart of Dubai's Business Bay.
"Partnering with KONE allows us to integrate world-class elevator technology into Skyrise by Binghatti, ensuring residents enjoy a seamless and elevated living experience in every sense." says Sarah Binghatti Chief procurement Officer, Binghatti Holding Limited.
KONE's order comprises next-generation high-rise technology, including 44KONE MiniSpace® elevators and 2 KONE N MonoSpace® elevators, with a maximum speed of 6 m/s, supported by KONE 24/7 Connect, which uses artificial intelligence to enable predictive maintenance, maximize uptime, and ensure smoother people flow.
The main developer is Binghatti.
KONE booked the order in Q2 of 2025.
For further information, please
contact:
Eveliina Linderborg, Senior Vice President, Communications,
KONE Corporation, eveliina.linderborg@kone.com
Read more:
Previous press releases are available at www.kone.com/en/news-and-insights/releases/.
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About KONE
At KONE, our purpose is to shape the future of cities. As a global
leader in the elevator and escalator industry, we move two billion
people every day, making their journeys safe, convenient, and
reliable with smart and sustainable People Flow®. In 2024, KONE had
annual sales of EUR 11.0 billion, and at the end of the year over
60,000 employees in close to 70 countries. KONE class B shares are
listed on the Nasdaq Helsinki Ltd. in Finland.
