Mercedes-Benz Places | Binghatti
Binghatti Developers
Downtown Dubai
Dubai skyline at night, April 2016, before this project began. The photo shows the district, not the tower. Photo: Robert Bock, CC0 1.0
1 / 2- Height
- 341 m
- Floors
- 65
- Units
- 163
- Status
- Under Construction
- DLD No.
- 2545
- Project
- DP-0002
Overview
Mercedes-Benz Places | Binghatti is a single freehold residential tower in Downtown Dubai, developed by Binghatti Developers with Mercedes-Benz as brand partner. Binghatti's fact sheet gives 341 m, 65 floors above a 3-basement, ground and 5-podium-level base, and 150 units from 2-bedroom suites to 4-, 5- and 6-bedroom penthouses. CTBUH records the same 341 m but counts 71 floors above ground and lists the tower as architecturally topped out, with Silver Stone Engineering Consultants as architect and Granada Europe as main contractor.
Sources disagree on handover. The developer-side fact sheet (as reproduced by Construction Review) and The National give Q4 2026 (December 2026), while Property Finder gives 28 February 2027 and a Dubizzle listing updated 5 November 2026 gives March 2027. Construction Review reports 65.25% completion (page updated 23 June 2026); a Dubizzle listing also shows 65%. Property Finder's launch-price figures conflict internally (9.39M, 9.4M and 11.5M AED). Property Finder's DLD-based sale list shows 30 off-plan transactions, with the 10 newest between 19 August and 2 November 2026.
Timeline
- Planned completion: 28 February 2027 Planned Property Finder
- Planned completion: Q4 2026 (December 2026) Planned Construction Review
- Developer publishes September 2026 construction progress video Binghatti (YouTube)
- Structural audit reports 65.25% completion; structure past 52nd floor Construction Review
- Launch event at the Meydan Hotel; developer says half the project sold the next day The National
- Sales launch and booking opens Property Finder
- Construction start (per portal) Property Finder
- Project type
- Residential
Sources differ
- Residential Hyper-Tower; function Residential · Developer website
- Function: Residential · CTBUH
- Construction status
- Under Construction
Sources differ
- Architecturally topped out · CTBUH
- Project Status Active; Completion Status Off-Plan · Dubizzle
- Vertical construction past the 52nd structural floor; final upper-level concrete pours alongside MEP installation; 'strictly on schedule' · Construction Review
- Under Construction (DLD status: Active) · Dubai Land Department — Project Status
- Progress
- 65%
Sources differ
- 65.25% completion following a comprehensive structural site audit · Construction Review
- Completion 65% · Dubizzle
- 65.25% · Dubai Land Department — Project Status
- Construction start
- Dec 2023
Sources differ
- Construction started on December 16, 2023 · Property Finder
- Expected to break ground in 2024 (CEO Muhammad BinGhatti) · The National
- 15 December 2023 · Dubai Land Department — Project Status
- Expected completion
- Dec 2026
Sources differ
- Fourth quarter of 2026 · The National
- Target Completion Date: December 2026 (Q4 2026) · Construction Review
- Expected Completion February 28, 2027; header 'Delivery Date: Q1 2027' · Property Finder
- Handover March, 2027 · Dubizzle
- Q4 2026 (developer schedule) · Aigents Realty
- 2026 (expected) · CTBUH
- 2027 · Wikipedia
- 31 December 2026 · Dubai Land Department — Project Status
- Actual handover
- Not stated
- DLD project number
- 2545
1 source
- DLD registration date
- 15 Dec 2023
1 source
- 15 December 2023 · Dubai Land Department — Project Status
- Project ID
- DP-0002
Videos
Published by the channels named below. A video starts loading only when you press play.
Building and units
- Height
- 341 m
Sources differ
- Building height 341 M · Developer website
- 341 m / 1,119 ft (architectural) · CTBUH
- 341 metres (1,119 ft), rank 15 among tallest residential buildings · Wikipedia
- Floors
- 65
Sources differ
- 3B + G + 5P + 65 Floors; 51 residential floors, 6 mechanical floors · Developer website
- 71 above ground, 3 below ground · CTBUH
- 71 · Wikipedia
- 65-story tower · Property Finder
- 65-storey residential project · The National
- 67 in the building box; the same listing text says 65 · Dubizzle
- 67 floors (DLD building record) · Dubai Land Department — Project Status
- Blocks
- 1
1 source
- One building; 65-story tower · Property Finder
- Total units
- 163
Sources differ
- 150 · Developer website
- 150 residences of two to four bedrooms, plus five penthouses · The National
- 150 apartments · Construction Review
- 163 · Dubai Land Department — Project Status
- Parking spaces
- 539
1 source
- 539 parking spaces (listing building box) · Dubizzle
- Developer
- Binghatti Developers
Sources differ
- Binghatti Developers · Developer website
- Binghatti · CTBUH
- Binghatti Developers (DLD: Binghatti Developers Fze) · Dubai Land Department — Project Status
- Consultant
- Silver Stone Engineering Consultants (architect of record)
Sources differ
- Silver Stone Engineering Consultants (architect) · CTBUH
- Architect of Record: Silver Stone Engineering Consultants · Construction Review
- Main contractor
- Granada Europe Engineering Contracting Company
Sources differ
- Granada Europe Construction (main contractor) · CTBUH
- Main Contractor: Granada Europe Engineering Contracting Company · Construction Review
Heights as reported by sources, not checked against an official record.
Show as a table
| Project | Height | Floors |
|---|---|---|
| Burj Khalifa | 828 m | 163 floors |
| Mercedes-Benz Places | Binghatti | 341 m | 65 floors |
| The Address Downtown | 302 m | 63 floors |
As counted by Developer website: 150 units. Sources count differently, so their totals are never added together.
Unit types and sizes
Each row keeps its own source. The bar shows where the size range sits among this project's units.
| Type | Units | Size | Source |
|---|---|---|---|
| 2-bedroom (levels 12-31) | 80 | 1,837 – 2,534 sq ft | Developer website |
| 3-bedroom (levels 34-52) | 57 | 2,620 – 3,285 sq ft | Developer website |
| 4-bedroom penthouse (levels 55-58) | 8 | 3,662 – 4,007 sq ft | Developer website |
| 5-bedroom penthouse (levels 59-61) | 3 | 6,578 – 7,182 sq ft | Developer website |
| 5-bedroom duplex penthouse (levels 62-63) | 1 | 12,475 sq ft | Developer website |
| 6-bedroom triplex penthouse (levels 64-66) | 1 | 18,101 sq ft | Developer website |
| 3-bedroom apartment (portal sizes) | Not stated | 2,710 – 3,285 sq ft | Property Finder |
| 2 bedroom (DLD register) | 86 | Not stated | Dubai Land Department — Project Status Data to 7 Nov 2026 |
| 3 bedroom (DLD register) | 65 | Not stated | Dubai Land Department — Project Status Data to 7 Nov 2026 |
| 4 bedroom (DLD register) | 11 | Not stated | Dubai Land Department — Project Status Data to 7 Nov 2026 |
| Commercial unit (DLD register) | 1 | Not stated | Dubai Land Department — Project Status Data to 7 Nov 2026 |
Payment plans
As quoted by each source. They don't always agree, so each one is shown on its own. Get the plan for your unit in writing from the developer.
- Down payment on booking date20%
- During construction, in instalments50%
- On handover (100% completion)30%
- Down payment at sales launch10%
- During construction20%
- On handover70%
- During construction70%
- On key handover30%
- Under construction70%
- On handover30%
In the building
- Sky infinity poolDeveloper website
- Podium poolDeveloper website
- Private pools (penthouses)Developer website
- GymDeveloper website
- Spa serviceDeveloper website
- Concierge, valet, housekeeping and food and beverage servicesDeveloper website
- Solar photovoltaic technology; aiming for LEED qualificationDeveloper website
- Smart system and acoustic systemDeveloper website
- Automated valet parkingKhaleej Times
- Electric vehicle charging (40 stations)Construction Review
- Parking access cardDeveloper website
- Private parking for penthousesDeveloper website
- Yoga roomProperty Finder
- Restaurants and retailProperty Finder
- Children's play areaProperty Finder
- Barbecue areaProperty Finder
Prices and rents
Recorded sales
Figures sources attribute to recorded deals. Not checked against DLD yet.
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Average sale price | AED 17,580,700 | Residential | Period not stated (30 transactions, DLD data as shown) | Property Finder |
| Median sale price | Not stated | |||
| Median price per sq ft | Not stated | |||
| Lowest recorded price | AED 8,000,000 Among the 10 sales listed on this page, not the whole record | All units | 12 Oct 2026 | Dubai Land Department — Open Data |
| Highest recorded price | AED 36,299,999 Among the 10 sales listed on this page, not the whole record | All units | 2 Oct 2026 | Dubai Land Department — Open Data |
| Number of sales | 30 | Residential | Period not stated | Property Finder |
| Total sales volume | Not stated | |||
| Price change over one year | Not stated | |||
| Price change over several years | Not stated | |||
Asking prices
What sellers ask in adverts. Kept apart from deals because an asking price is not a sale.
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Developer's starting price | AED 9,390,000 | Residential | Date not given | Property Finder |
| Developer's starting price: Also reported | AED 2,609,000Unit type not stated; far below every other source | Residential | Nov 2026 | Aigents Realty Data to 1 Nov 2026 |
| Developer's starting price: Also reported | AED 11,500,000All units (portal project card) | Residential | Aug 2026 | Dubizzle Data to 11 Aug 2026 |
| Developer's starting price: Also reported | AED 10,000,000All units (launch coverage: 'prices start from Dh10 million') | Residential | Jan 2024 | Khaleej Times Data to 24 Jan 2024 |
| Developer's starting price: Also reported | AED 11,499,999 | Residential | Date not given | Property Finder |
| Developer's starting price: Also reported | AED 8,700,000All units (broker page) | Residential | Date not given | Sotheby's International Realty UAE |
| Developer's starting price: Also reported | AED 8,800,000All units (broker page) | Residential | Date not given | Off Plan Properties |
| Developer's starting price: Also reported | AED 8,900,0002 bedroom | Residential | Date not given | Binayah |
| Median asking price per sq ft | Not stated | |||
| Lowest asking price | AED 10,299,9992 bedroom, 1,836 sq ft (one listing) | Residential | Aug 2026 | Dubizzle Data to 11 Aug 2026 |
| Lowest asking price: Also reported | AED 20,499,9993 bedroom, 2,708 sq ft (one listing) | Residential | Jan 2026 | Dubizzle Data to 28 Jan 2026 |
| Highest asking price | Not stated | |||
Rents
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Annual rent | Not stated | |||
| Annual rent per sq ft | Not stated | |||
| Number of rent contracts | Not stated | |||
Individual deals on record
Grants and mortgages are shown for context and are not counted as market prices.
| Date | Deal | Amount | Size | Per sq ft | Source |
|---|---|---|---|---|---|
| 2 Nov 2026 | Sale | AED 9,500,000 | 1,837 sq ft | 5,173 | Dubai Land Department — Open Data |
| 31 Oct 2026 | Sale | AED 22,599,999 | 2,708 sq ft | 8,345 | Dubai Land Department — Open Data |
| 30 Oct 2026 | Sale | AED 9,400,000 | 1,837 sq ft | 5,118 | Dubai Land Department — Open Data |
| 12 Oct 2026 | Sale | AED 8,000,000 | 1,837 sq ft | 4,355 | Dubai Land Department — Open Data |
| 5 Oct 2026 | Sale | AED 18,000,000 | 3,284 sq ft | 5,482 | Dubai Land Department — Open Data |
| 2 Oct 2026 | Sale | AED 36,299,999 | 4,043 sq ft | 8,979 | Dubai Land Department — Open Data |
| 19 Aug 2026 | Sale | AED 8,500,000 | 1,837 sq ft | 4,627 | Dubai Land Department — Open Data |
| 19 Aug 2026 | Sale | AED 22,099,999 | 2,711 sq ft | 8,152 | Dubai Land Department — Open Data |
| 19 Aug 2026 | Sale | AED 10,000,000 | 2,535 sq ft | 3,945 | Dubai Land Department — Open Data |
| 19 Aug 2026 | Sale | AED 15,000,000 | 2,711 sq ft | 5,533 | Dubai Land Department — Open Data |
Charts
Bars run from the lowest figure up. The darker bar is the one this page leads with. These are prices sources quote, not deals.
Show as a table
| What it measures | Value | Source | Period |
|---|---|---|---|
| Unit type not stated; far below every other source | AED 2.61M | Aigents Realty | Nov 2026 |
| All units (broker page) | AED 8.7M | Sotheby's International Realty UAE | Date not given |
| All units (broker page) | AED 8.8M | Off Plan Properties | Date not given |
| 2 bedroom | AED 8.9M | Binayah | Date not given |
| Property Finder | AED 9.39M | Property Finder | Date not given |
| All units (launch coverage: 'prices start from Dh10 million') | AED 10M | Khaleej Times | Jan 2024 |
| Property Finder | AED 11.5M | Property Finder | Date not given |
| All units (portal project card) | AED 11.5M | Dubizzle | Aug 2026 |
The grey line is the median of these 10 deals. Only 10 deals are on record here, against 30 reported. This is a sample, not a market trend.
Show as a table
| Date | Per sq ft | Amount | Size (sq ft) | Source |
|---|---|---|---|---|
| 19 Aug 2026 | AED 4,627 / sq ft | AED 8,500,000 | 1,837 | Dubai Land Department — Open Data |
| 19 Aug 2026 | AED 8,152 / sq ft | AED 22,099,999 | 2,711 | Dubai Land Department — Open Data |
| 19 Aug 2026 | AED 3,945 / sq ft | AED 10,000,000 | 2,535 | Dubai Land Department — Open Data |
| 19 Aug 2026 | AED 5,533 / sq ft | AED 15,000,000 | 2,711 | Dubai Land Department — Open Data |
| 2 Oct 2026 | AED 8,979 / sq ft | AED 36,299,999 | 4,043 | Dubai Land Department — Open Data |
| 5 Oct 2026 | AED 5,482 / sq ft | AED 18,000,000 | 3,284 | Dubai Land Department — Open Data |
| 12 Oct 2026 | AED 4,355 / sq ft | AED 8,000,000 | 1,837 | Dubai Land Department — Open Data |
| 30 Oct 2026 | AED 5,118 / sq ft | AED 9,400,000 | 1,837 | Dubai Land Department — Open Data |
| 31 Oct 2026 | AED 8,345 / sq ft | AED 22,599,999 | 2,708 | Dubai Land Department — Open Data |
| 2 Nov 2026 | AED 5,173 / sq ft | AED 9,500,000 | 1,837 | Dubai Land Department — Open Data |
The whole district, not this building. Source: Aigents Realty
Show as a table
| Month | Median AED / sq ft |
|---|---|
| Dec 2025 | AED 3,294 / sq ft |
| Jan 2026 | AED 3,078 / sq ft |
| Feb 2026 | AED 2,921 / sq ft |
| Mar 2026 | AED 3,038 / sq ft |
| Apr 2026 | AED 3,165 / sq ft |
| May 2026 | AED 2,866 / sq ft |
| Jun 2026 | AED 3,042 / sq ft |
| Jul 2026 | AED 2,795 / sq ft |
Months without a record are not shown, which does not mean no deals took place. Only 10 deals are on record here, against 30 reported. This is a sample, not a market trend.
Show as a table
| Month | Sales |
|---|---|
| Aug 2026 | 4 |
| Oct 2026 | 5 |
| Nov 2026 | 1 |
Show as a table
| Date | Progress |
|---|---|
| Jan 2026 | 65% |
| Apr 2026 | 65% |
| Jun 2026 | 65% |
Data we don't have yet (3)
- Annual rent per sq ft, last 12 monthsNot enough dated rent contracts yet. The contracts on record start in the future or are too few to show a trend.
- Price per sq ft against the areaNo source gives both this project and its area.
- Rental yield against similar projectsNo similar project with rent and price figures is in the directory yet.
Investment analysis
- Rental Yield reported by a source
- Not stated
- ROI
- Not stated Depends on your resale price and holding period. Enter them in the calculator below.
- Average monthly rent
- Not stated
- Service charge, yearly
- Not stated
- Maintenance, yearly
- Not stated
- Buying costs (assumed)
- 4% + AED 580 DLD transfer fee and title deed, from secondary sources. Agent and trustee fees are not included.
Run your own numbers
Filled in from the leading figures above. Replace them with the real quote for your unit. Nothing you type is stored.
Location
Distances
| Place | Kind | By road | Straight line | By car | Source |
|---|---|---|---|---|---|
| Business Bay metro | Metro | 2.7 km | 2.0 km | 4 min | OpenStreetMap |
| Burj Khalifa / Dubai Mall metro | Metro | 4.2 km | 1.8 km | 6 min | OpenStreetMap |
| Downtown Dubai (Burj Khalifa) | Downtown Dubai | 3.0 km | 1.1 km | 5 min | OpenStreetMap |
| Dubai International Airport (DXB) | Airport | 19.4 km | 11.2 km | 20 min | OpenStreetMap |
| Souk Al Bahar | Shopping | 1.3 km | 0.8 km | 4 min | OpenStreetMap |
| Dubai Mall | Shopping | 2.7 km | 1.0 km | 6 min | OpenStreetMap |
| Mediclinic (Dubai Mall) | Hospital | 3.2 km | 1.2 km | 6 min | OpenStreetMap |
| GEMS Wellington Primary School | School | 4.5 km | 2.7 km | 7 min | OpenStreetMap |
| Hartland International School | School | 5.6 km | 2.6 km | 10 min | OpenStreetMap |
| Burj Khalifa | Other | – | – | – | Developer website |
| Dubai International Financial Centre | Other | – | – | – | Developer website |
| Emirates Towers | Other | – | – | – | Developer website |
| Jumeirah Public Beach | Other | – | – | – | Developer website |
Around the project
- Burj Khalifa and Dubai MallDeveloper website
- Dubai OperaDeveloper website
- Dubai FountainDeveloper website
- Museum of the FutureDeveloper website
- Dubai FrameDeveloper website
- Coca-Cola ArenaDeveloper website
Compared with other projects
| Project | Status | Height | Floors | Units | Progress | Completion | Price |
|---|---|---|---|---|---|---|---|
| Mercedes-Benz Places | Binghatti | Under Construction | 341 m | 65 | 163 | 65% | Dec 2026 | AED 9.39MStarting from |
| The Address Downtown | Completed | 302 m | 63 | 822 | 100% | Not stated | AED 3,753.50 / sq ftMedian per sq ft |
| Burj Khalifa | Completed | 828 m | 163 | 1,078 | 100% | Jan 2010 | AED 5.84MAverage sale price |
| Serenz by Danube | Under Construction | Not stated | 50 | 1,227 | 4% | Dec 2029 | AED 1.1MStarting from |
Every figure here is a research figure. Prices are the headline figure of each project, so they are not always the same kind of number: read the small line under each.
Expert analysis
Mr Amlak's reading of the sources listed on this page. It is not a rating or an opinion of the Dubai Land Department.
Strengths
The basic specification is consistent across the developer fact sheet and CTBUH: 341 m, one building, and a named architect (Silver Stone Engineering Consultants) and main contractor (Granada Europe). A named contractor and a stated unit count of 150 make the scope easier to track than in many off-plan projects.
Based on: Height 341 m, 150 units, architect and contractor from Binghatti fact sheet (via Construction Review) and CTBUH.Transactions are being recorded: Property Finder's DLD-based list shows 30 sales, with the ten newest between 19 Aug and 2 Nov 2026, so the project is not stale on the market side.
Based on: 30 transactions; 10 listed, 19 Aug to 2 Nov 2026 (Property Finder, DLD data as shown).Weaknesses
The handover date is not settled. Q4 2026 (The National, Jan 2024; December 2026 in the fact sheet quoted by Construction Review), 28 Feb 2027 (Property Finder) and March 2027 (Dubizzle) all appear, and the progress figure of 65.25% has no date of its own. Today is 6 November 2026, so a December 2026 date is weeks away while the one progress figure found is 65%.
Based on: Handover: The National, Construction Review, Property Finder, Dubizzle. Progress: Construction Review 65.25%, Dubizzle 65%.Investment opportunities
Not statedInvestment risks
Sources conflict on build status: CTBUH lists the tower as architecturally topped out, while Construction Review (page updated 23 Jun 2026) describes final upper-level concrete pours still under way. A buyer should ask the developer for the latest DLD-registered or escrow-based progress certificate; none was found here. The developer's own claim of being 'strictly on schedule' is a self-report.
Based on: CTBUH status 'Architecturally topped out'; Construction Review update dated 23 Jun 2026.Price signals are inconsistent. Property Finder's page shows a starting price of 9.39M, a launch price of 9.4M and a 'Starting Price' of 11.5M, while its own transaction list has 1,837 sq ft two-beds at 8.0M (12 Oct), 8.5M (19 Aug) and 9.4M to 9.5M (30 Oct, 2 Nov). Different dates and resale versus developer sales may explain this; the listed records do not say.
Based on: Starting price 9,390,000 / 11,499,999 AED; 2-bed transactions 8,000,000 to 9,500,000 AED for 1,837 sq ft (Property Finder).A 150-unit building has a thin resale pool. Aigents Realty says the project has no resales yet and no median could be set, and no service-charge or rent record was found, so income yield cannot be read from the listed sources. Only a generic area-median 4.8% gross yield appeared on one broker page without a stated method; it is not used here.
Based on: 150 units (fact sheet); 'no resales yet', 'Not set yet' service charge, no rent figures (Aigents Realty).Market reading
Property Finder shows an average price per sq ft of AED 5,541 across the project's records, while Aigents Realty shows Downtown Dubai monthly medians of AED 2,795 to 3,294 per sq ft for Dec 2025 to Jul 2026. The two figures use different bases (project records versus area median, unspecified periods), so the gap is a reading to verify, not a measured premium.
Based on: Average AED 5,541/sq ft (Property Finder); area medians 2,795 to 3,294 AED/sq ft (Aigents Realty, DLD sales).Conclusion
A single 341 m branded tower with 150 units, a named architect and contractor, and recorded sales, but with a handover date that ranges from Q4 2026 to March 2027, an undated 65% progress figure, and price pages that contradict each other. Check the DLD project registration and progress certificate before relying on any date. This is Mr Amlak's reading of the listed sources, not a DLD rating.
Documents and official pages
Sources
| Source | Kind | Items | Latest data date | Last checked |
|---|---|---|---|---|
| Dubai Land Department — Project Status | Official | 13 | 7 Nov 2026 | 7 Nov 2026 |
| Dubai Land Department — Open Data | Official | 11 | 7 Nov 2026 | 7 Nov 2026 |
| Developer website | Developer | 33 | Not stated | 7 Nov 2026 |
| Property Finder | Listings portal | 25 | 28 Feb 2027 | Not stated |
| Aigents Realty | Market data | 14 | 1 Nov 2026 | 7 Nov 2026 |
| Construction Review | Reference | 13 | 23 Jun 2026 | 7 Nov 2026 |
| OpenStreetMap | Reference | 10 | 6 Nov 2026 | Not stated |
| CTBUH | Reference | 10 | Not stated | Not stated |
| Dubizzle | Listings portal | 9 | 11 Aug 2026 | Not stated |
| The National | Reference | 5 | 26 Jan 2024 | 7 Nov 2026 |
| Off Plan Properties | Listings portal | 4 | Not stated | Not stated |
| Binghatti (YouTube) | Developer | 4 | Not stated | 7 Nov 2026 |
| Wikipedia | Reference | 3 | Not stated | Not stated |
| Khaleej Times | Reference | 2 | 24 Jan 2024 | Not stated |
| Sotheby's International Realty UAE | Listings portal | 1 | Not stated | Not stated |
| Binayah | Listings portal | 1 | Not stated | Not stated |
Photo credits
| Photo | Credit | Licence | Source |
|---|---|---|---|
| Robert Bock, CC0 1.0 | CC0 1.0 | Source page | |
| Robert Luxemburg, public domain | Public domain | Source page |