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Mercedes-Benz Places | Binghatti

Binghatti Developers

Downtown Dubai

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Dubai skyline at night, April 2016, before this project began. The photo shows the district, not the tower. Photo: Robert Bock, CC0 1.0

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

  1. Planned completion: 28 February 2027 Planned Property Finder
  2. Planned completion: Q4 2026 (December 2026) Planned Construction Review
  3. Developer publishes September 2026 construction progress video Binghatti (YouTube)
  4. Structural audit reports 65.25% completion; structure past 52nd floor Construction Review
  5. Launch event at the Meydan Hotel; developer says half the project sold the next day The National
  6. Sales launch and booking opens Property Finder
  7. Construction start (per portal) Property Finder
Project type
Residential
Sources differ
Construction status
Under Construction
Sources differ
Progress
65%
Sources differ
Construction start
Dec 2023
Sources differ
Expected completion
Dec 2026
Sources differ
Actual handover
Not stated
DLD project number
2545
1 source
DLD registration date
15 Dec 2023
1 source
Project ID
DP-0002

Videos

Published by the channels named below. A video starts loading only when you press play.

Mercedes-Benz Places | Binghatti - Project Update - September 2026

Binghatti Official Watch on YouTube

Mercedes-Benz Places by Binghatti – The World’s First Mercedes Branded Residences.

Binghatti Official Watch on YouTube

The Story of the Collaboration: Mercedes-Benz Places | Binghatti

Binghatti Official Watch on YouTube

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
Blocks
1
1 source
Total units
163
Sources differ
Parking spaces
539
1 source
  • 539 parking spaces (listing building box) · Dubizzle
Developer
Binghatti Developers
Sources differ
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
Height against other projects here
828 m
341 m
Mercedes-Benz Places | Binghatti

Heights as reported by sources, not checked against an official record.

Show as a table
ProjectHeightFloors
Burj Khalifa828 m163 floors
Mercedes-Benz Places | Binghatti341 m65 floors
The Address Downtown302 m63 floors
Units by type
2-bedroom (levels 12-31) 1,837 – 2,534 sq ft
80
3-bedroom (levels 34-52) 2,620 – 3,285 sq ft
57
4-bedroom penthouse (levels 55-58) 3,662 – 4,007 sq ft
8
5-bedroom penthouse (levels 59-61) 6,578 – 7,182 sq ft
3
5-bedroom duplex penthouse (levels 62-63) 12,475 sq ft
1
6-bedroom triplex penthouse (levels 64-66) 18,101 sq ft
1

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%
Construction Review Data to 23 Jun 2026
  • Under construction70%
  • On handover30%
Aigents Realty Data to 1 Jan 2026

In the building

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.

DateDealAmountSizePer sq ftSource
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

Starting prices on record
Unit type not stated; far below every other source Aigents Realty · Nov 2026
AED 2.61M
All units (broker page) Sotheby's International Realty UAE · Date not given
AED 8.7M
All units (broker page) Off Plan Properties · Date not given
AED 8.8M
2 bedroom Binayah · Date not given
AED 8.9M
Property Finder Date not given
AED 9.39M
All units (launch coverage: 'prices start from Dh10 million') Khaleej Times · Jan 2024
AED 10M
Property Finder Date not given
AED 11.5M
All units (portal project card) Dubizzle · Aug 2026
AED 11.5M

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 measuresValueSourcePeriod
Unit type not stated; far below every other sourceAED 2.61MAigents RealtyNov 2026
All units (broker page)AED 8.7MSotheby's International Realty UAEDate not given
All units (broker page)AED 8.8MOff Plan PropertiesDate not given
2 bedroomAED 8.9MBinayahDate not given
Property FinderAED 9.39MProperty FinderDate not given
All units (launch coverage: 'prices start from Dh10 million')AED 10MKhaleej TimesJan 2024
Property FinderAED 11.5MProperty FinderDate not given
All units (portal project card)AED 11.5MDubizzleAug 2026
Every recorded sale: price per sq ft
2,0004,0006,0008,00010,000Aug 2026Nov 2026Sep 2026Oct 2026Median 5,3272,0004,0006,0008,00010,000Aug 2026Nov 2026Oct 2026Median 5,327

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
DatePer sq ftAmountSize (sq ft)Source
19 Aug 2026AED 4,627 / sq ftAED 8,500,0001,837Dubai Land Department — Open Data
19 Aug 2026AED 8,152 / sq ftAED 22,099,9992,711Dubai Land Department — Open Data
19 Aug 2026AED 3,945 / sq ftAED 10,000,0002,535Dubai Land Department — Open Data
19 Aug 2026AED 5,533 / sq ftAED 15,000,0002,711Dubai Land Department — Open Data
2 Oct 2026AED 8,979 / sq ftAED 36,299,9994,043Dubai Land Department — Open Data
5 Oct 2026AED 5,482 / sq ftAED 18,000,0003,284Dubai Land Department — Open Data
12 Oct 2026AED 4,355 / sq ftAED 8,000,0001,837Dubai Land Department — Open Data
30 Oct 2026AED 5,118 / sq ftAED 9,400,0001,837Dubai Land Department — Open Data
31 Oct 2026AED 8,345 / sq ftAED 22,599,9992,708Dubai Land Department — Open Data
2 Nov 2026AED 5,173 / sq ftAED 9,500,0001,837Dubai Land Department — Open Data
Market in Downtown Dubai: price per sq ft by month
2,6002,8003,0003,2003,4003,294Dec 2025Feb 2026Apr 20262,795Jul 20262,6002,8003,0003,2003,4003,294Dec 2025Apr 20262,795Jul 2026

The whole district, not this building. Source: Aigents Realty

Show as a table
MonthMedian AED / sq ft
Dec 2025AED 3,294 / sq ft
Jan 2026AED 3,078 / sq ft
Feb 2026AED 2,921 / sq ft
Mar 2026AED 3,038 / sq ft
Apr 2026AED 3,165 / sq ft
May 2026AED 2,866 / sq ft
Jun 2026AED 3,042 / sq ft
Jul 2026AED 2,795 / sq ft
Sales per month
02464Aug 20265Oct 20261Nov 202602464Aug 20265Oct 20261Nov 2026

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
MonthSales
Aug 20264
Oct 20265
Nov 20261
Construction progress over time
0%50%100%65%Jan 202665%Apr 202665%Jun 20260%50%100%65%Jan 202665%Apr 202665%Jun 2026
Show as a table
DateProgress
Jan 202665%
Apr 202665%
Jun 202665%
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

Gross Rental Yield
Not stated
Net Rental Yield
Not stated
Payback Period
Not stated
Capital Appreciation
Not stated
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.

Total acquisition cost–
Gross yield–
Net yield–
Payback–
Monthly rent–
ROI over the holding period–

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

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 stated

Investment 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
Dubai skyline at night, April 2016, before this project began. The photo shows the district, not the tower. Robert Bock, CC0 1.0 CC0 1.0 Source page
Downtown and Business Bay from Safa Park, October 2008, long before this project. The photo shows the district, not the tower. Robert Luxemburg, public domain Public domain Source page
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