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Mercedes-Benz Places | Binghatti

By Binghatti in Downtown Dubai, Dubai

Price from
AED 11,499,999
about £2.36M or $3.13M
Payment plan
10/20/70
30% before handover
Handover
Q4 2026
Status
Under construction

Payment plan

10/20/70

30% due before handover

  1. Down paymentOn booking10%AED 1,150,000
  2. During constructionInstalments to completion20%AED 2,300,000
  3. On handoverQ4 202670%AED 8,049,999
  4. Paid before handoverAED 3,450,000

As listed by Property Finder. Binghatti's project page does not publish a payment plan; with handover close, confirm the schedule in the sale agreement.

Amounts are worked on a 2-bedroom apartment at its starting price of AED 11,499,999. Change home type

For 2-bedroom apartments

Homes and prices

Mercedes-Benz Places | Binghatti offers 2-bedroom apartments, 3-bedroom apartments, 3-bedroom penthouses, 4-bedroom penthouses and 5-bedroom penthouses. Open a home type for its payment schedule, buying costs and the nearest alternatives.

Starting prices are the published figures from the sources listed on this page, checked 12 November 2026. Sterling figures are indicative conversions. Ask for today's availability before relying on any figure.

  • Apartments, penthouses
  • 2 to 5 bed
  • 1,837 to 6,909 sq ft
  • Freehold
Developer
Binghatti
Location
Downtown Dubai, Dubai
Sales launched
December 2023
Brand
Mercedes-Benz
Buildings
1
Golden Visa
Prices reach the AED 2 million threshold

Overview

Binghatti's single Mercedes-Benz branded tower in Downtown Dubai, with two- to five-bedroom homes. Two-bedroom units from AED 11.5 million on 12 November 2026; handover due Q4 2026.

Mercedes-Benz Places | Binghatti is a single branded residential tower in Downtown Dubai by Binghatti. It is separate from, and two years older than, the 12-tower Mercedes-Benz Places | Binghatti City in Nad Al Sheba. Property Finder records sales opening in December 2023 and describes a 65-storey tower about 1,119 ft (341 m) high; Binghatti's page gives no floor count. The developer says the facade pattern, drawn from the Mercedes-Benz star, incorporates photovoltaic panels.

The tower holds two- and three-bedroom apartments and a set of named penthouses: Binghatti shows the Pagoda Suite (two bedrooms), the Vision One-Eleven Penthouse (four bedrooms), the Gullwing Penthouse (five bedrooms) and the triplex Uhlenhaut Coupé Penthouse. On 12 November 2026 Binghatti's availability feed listed nine two-bedroom units from AED 11,499,999 (from 1,836 sq ft), 25 three-bedroom units from AED 19,999,999 (from 2,619 sq ft) and a single four-bedroom unit at AED 35,799,999 (3,662 sq ft). Property Finder's starting price of AED 9,390,000 is lower than anything in the feed. At the feed price a two-bedroom costs about AED 6,260 per sq ft.

Property Finder lists 10% on booking, 20% during construction and 70% on handover; Binghatti's page publishes no plan. Binghatti's feed gives a handover date of 14 December 2026 and Property Finder gives February 2027, and press coverage in August 2026 described the tower as nearing completion. In practice a buyer reserving now would pay most of the price within weeks or months, so this is closer to buying a finished home than an off-plan unit, and the finance needs to be ready before reserving.

Facilities shown by Binghatti and listed by Property Finder include an infinity pool, an indoor pool, a spa, a gym, a yoga room and valet parking. Property Finder also describes smart-home controls for lighting and climate.

The tower suits a buyer who wants a large branded apartment close to Burj Khalifa and The Dubai Mall and is buying mainly for use. What to weigh: 35 units were still in the developer's feed about a month before the stated handover; the feed's three-bedroom unit is smaller than any three-bedroom layout on Property Finder; no unit count or service charge is published; and Binghatti's credit ratings came under review in 2026, so payments should go only to the project escrow account named in the sale agreement.

Buying costs

Government fees are paid on top of the purchase price. This is the position for the entry-level home; costs scale with price. In Dubai the registration authority is the DLD.

Purchase priceEntry 2-bedroom apartment at Mercedes-Benz Places | BinghattiAED 11,499,999
DLD transfer fee (4%)Paid to the Dubai Land Department on registration. The department lists it as 2% from each party, but contracts almost always pass the full 4% to the buyer, so a developer's '50% DLD waiver' means the developer is paying its own listed half. Off-plan, it is paid when the sale is registered in the Oqood system.AED 460,000
Oqood registration admin feeOqood portal fee of AED 1,000 plus knowledge and innovation fees, for registering the off-plan sale contract.AED 1,020
Estimated total to completeAED 11,961,019about £2.45M

Developers may add their own administration charge on off-plan sales. It is set by the developer, not the land department, so it is not included in this estimate: ask for it in writing before you reserve. Adjust the assumptions in the buying cost calculator.

Golden Visa. Every unit type here is priced above AED 2 million, the threshold for the 10-year visa by property. Check eligibility

Location

In Downtown Dubai, a short distance from Burj Khalifa and The Dubai Mall. Binghatti's page gives no drive times.

Map data © OpenStreetMap contributors (ODbL). Tiles Esri

View on map

Dubai International Airport
18 min
Dubai Marina
20 min

Approximate drive times in normal traffic, measured for Downtown Dubai as a whole.

About Downtown Dubai

  • Burj Khalifa, The Dubai Mall, Dubai Opera and the Dubai Fountain are all inside the district
  • Red Line metro at Burj Khalifa/Dubai Mall station with a covered link to the mall
  • Mature, completed district: what you see is what you get, with little construction left
  • Deep resale and rental market with many comparable transactions

Downtown Dubai area guide

Amenities

  • Infinity pool
  • Indoor pool and lounge
  • Spa
  • Gym
  • Yoga room
  • Valet parking
  • Restaurants
  • Retail units
  • Children's play area
  • Barbecue area
  • Smart-home controls

Developer: Binghatti

Fast-growing private Dubai developer and builder, known for high-volume apartment blocks and towers branded with Bugatti, Mercedes-Benz and Jacob & Co.

Founded
2008
Headquarters
Dubai, UAE
Ownership
Privately held; chaired by Muhammad BinGhatti. Its US dollar sukuk are publicly traded and rated by Moody's and Fitch.

Binghatti profile and track record

Adviser's view

What works

  • A Mercedes-Benz branded tower in Downtown Dubai, close to Burj Khalifa and The Dubai Mall.
  • Handover is near: 14 December 2026 in Binghatti's feed and February 2027 on Property Finder, so the wait for completion is short.
  • Large layouts: two-bedroom units from 1,837 sq ft with four bathrooms and three-bedroom units from 2,710 sq ft, according to Property Finder.
  • Freehold, according to Property Finder.

What to weigh

  • Binghatti's feed still listed 35 unsold homes on 12 November 2026, so resale buyers will compete with the developer's own stock.
  • About AED 6,260 per sq ft for the cheapest two-bedroom unit in the feed; the premium rests on the brand.
  • 70% of the price falls due on handover, which the feed places in December 2026; the funds or mortgage must be ready almost at once.
  • The payment plan is published only by Property Finder and no service charge is published; get both in writing.
  • Binghatti's credit ratings were placed under review in 2026 (Fitch Rating Watch Negative in March, Moody's review for downgrade in August); pay only into the project escrow account named in the sale agreement.

Questions buyers ask

What is the starting price at Mercedes-Benz Places | Binghatti?

On 12 November 2026 Binghatti's availability feed listed two-bedroom apartments from AED 11,499,999, three-bedroom from AED 19,999,999 and one four-bedroom unit at AED 35,799,999. Property Finder showed a lower starting price of AED 9,390,000.

When will Mercedes-Benz Places | Binghatti be handed over?

Binghatti's availability feed gives 14 December 2026, in the fourth quarter of 2026. Property Finder gives February 2027. Confirm the date in the sale agreement.

What is the payment plan at Mercedes-Benz Places | Binghatti?

Property Finder lists 10% on booking, 20% during construction and 70% on handover. Binghatti's project page does not publish a plan.

Is this the same project as Mercedes-Benz Places | Binghatti City?

No. Mercedes-Benz Places | Binghatti is a single tower in Downtown Dubai, with sales opened in December 2023. Mercedes-Benz Places | Binghatti City is a separate 12-tower community in Nad Al Sheba launched in January 2026.

Is Mercedes-Benz Places | Binghatti freehold?

Property Finder lists the tower as freehold. Downtown Dubai is a freehold district for foreign buyers; confirm the tenure on the sale agreement.

When is Mercedes-Benz Places | Binghatti due for handover?

Binghatti's current target for Mercedes-Benz Places | Binghatti is Q4 2026. Handover dates on off-plan projects are estimates and can move; the sale and purchase agreement sets out the contractual completion date and what happens if it is missed.

Who is the developer of Mercedes-Benz Places | Binghatti?

Mercedes-Benz Places | Binghatti is being developed by Binghatti. About Binghatti: Fast-growing private Dubai developer and builder, known for high-volume apartment blocks and towers branded with Bugatti, Mercedes-Benz and Jacob & Co.

Does buying at Mercedes-Benz Places | Binghatti qualify for a Golden Visa?

Homes priced at AED 2 million or more can support an application for the UAE's 10-year Golden Visa. At Mercedes-Benz Places | Binghatti, every unit type starts above that level. Approval is at the authorities' discretion and off-plan purchases have their own conditions: see our Golden Visa guide.

What fees are payable on top of the price at Mercedes-Benz Places | Binghatti?

The main cost is the DLD transfer fee (4%). On the entry price of AED 11,499,999 that comes to about AED 460,000, plus small administration charges. There is no stamp duty, no annual property tax and no tax on rental income for individuals in the UAE, though your home country may tax you. Our buying cost calculator itemises it.

Sources and verification

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