Mercedes-Benz Places | Binghatti: off-plan project in Downtown Dubai
Mercedes-Benz Places | Binghatti is an off-plan residential apartment project in Downtown Dubai, registered with the Dubai Land Department as project no. 2545 and developed by Binghatti Developers FZE. From October 16, 2025 to October 16, 2026, 30 off-plan sales were registered there at a median price of AED 16,630,000 (AED 5,135 per sq ft); 80% of sales fall between AED 8,450,000 and AED 30,000,000.
- 30off-plan sales in 12 months
- AED 16,630,000median sale price
- AED 5,135median price per sq ft
- 26.1%construction progress (DLD)
- December 2026end date in the register
- 163registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 5,135 per sq ft, Mercedes-Benz Places | Binghatti is 31.4% above the median of off-plan sales across the 9 projects tracked in Downtown Dubai (AED 3,909 per sq ft), and 190.5% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 30 off-plan sales in 12 months, about 3 a month; number 7 by sales in Downtown Dubai over the period.
- Construction: 26.1% complete in the DLD register, construction is at an early stage; planned end December 2026.
- Profile: the best-selling type (apartment · 2 bedrooms) makes up 46.7% of sales, alongside 2 other types.
Mercedes-Benz Places | Binghatti: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2545 |
| Registered developer | Binghatti Developers FZE (developer no. 1051) |
| Master developer | Emaar Properties (P.J.S.C) |
| Community (master project) | Downtown Dubai |
| DLD area | Burj Khalifa |
| Register status | active |
| Construction progress | 26.1% |
| Project start | December 15, 2023 |
| Planned end | December 31, 2026 |
| Registered units | 163 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Mercedes-Benz Places | Binghatti off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 2 bedrooms, at a median AED 9,100,000.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 2 bedrooms | 14 | AED 9,100,000 | 7,863,500 – 14,700,000 | 236 m² (2,540 sq ft) | AED 4,225 |
| Apartment · 3 bedrooms | 11 | AED 18,000,000 | 17,160,000 – 22,099,999 | 305 m² (3,283 sq ft) | AED 5,502 |
| Apartment · 4 bedrooms | 5 | AED 30,000,000 | 29,001,599 – 44,520,000 | 376 m² (4,047 sq ft) | AED 8,408 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 2 bedrooms: 46.7% of off-plan sales, with a median size of 236 m² (171 to 371 m² for 80% of them).
- Apartment · 2 bedrooms: 46.7% (14 sales)
- Apartment · 3 bedrooms: 36.7% (11 sales)
- Apartment · 4 bedrooms: 16.7% (5 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Mercedes-Benz Places | Binghatti off-plan price by quarter
The median off-plan price per sq ft moved from AED 4,900 in Q2 2024 to AED 4,797 in Q3 2026 (-2.1%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q2 2024 | 27 | AED 4,900 | — |
| Q3 2024 | 16 | AED 5,405 | +10.3% |
| Q4 2024 | 21 | AED 6,782 | +25.5% |
| Q1 2025 | 4 | AED 5,258 | — |
| Q3 2025 | 14 | AED 5,984 | — |
| Q4 2025 | 16 | AED 5,006 | -16.3% |
| Q1 2026 | 4 | AED 7,003 | — |
| Q3 2026 | 11 | AED 4,797 | — |
| Q4 2026 (to 16/10/2026) | 3 | AED 5,482 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Downtown Dubai
To gauge the rental market around Mercedes-Benz Places | Binghatti: annual rents of Ejari contracts registered in Downtown Dubai over the last 12 months (9,407 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 648 | AED 71,297 | 63,000 – 84,000 |
| Apartment · 1 bedroom | 4,182 | AED 115,000 | 100,000 – 130,000 |
| Apartment · 2 bedrooms | 3,487 | AED 177,500 | 154,000 – 215,000 |
| Apartment · 3 bedrooms | 1,019 | AED 295,000 | 240,000 – 345,000 |
| Apartment · 4 bedrooms | 65 | AED 1,100,000 | 600,000 – 1,800,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Mercedes-Benz Places | Binghatti?
Mercedes-Benz Places | Binghatti is in Downtown Dubai (DLD area Burj Khalifa), Dubai.
- Nearest metro station: Buj Khalifa Dubai Mall Metro Station
- Nearest shopping mall: Dubai Mall
- Nearest landmark: Downtown Dubai
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Downtown Dubai
- All DLD sales at Mercedes-Benz Places | Binghatti (new and resale)
- Downtown Dubai property prices
- Downtown Dubai rents
- All Binghatti Developers FZE projects
- Our developer guide
Other off-plan projects in Downtown Dubai
- Binghatti Skyblade — AED 3,909/sq ft
- The St. Regis Residences, Downtown Dubai — AED 3,116/sq ft
- One Residence — AED 2,930/sq ft
- Solara Tower Dubai — AED 3,739/sq ft
- Inaura Hotels & Residences — AED 4,989/sq ft
- City Center Residences — AED 2,704/sq ft
- Baccarat Hotel and Residences, Dubai — AED 5,711/sq ft
- Society House Downtown Dubai — AED 2,821/sq ft
More projects by Binghatti Developers FZE
- Binghatti Vintage
- Binghatti Titania
- Binghatti Aquarise
- Binghatti Flare 02
- Binghatti Amberhall
- Binghatti Flare 01
Same budget elsewhere in Dubai (around AED 16,630,000)
- Numa Reserve, Mohammed Bin Rashid Al Maktoum District 11 — AED 13,580,000
- Solaya (5,7), La Mer — AED 25,675,000
- The Residences at the Dubai Beach Edition, Dubai Harbour — AED 11,713,072
- Solaya (4,6), La Mer — AED 27,592,000
- The Residences, Al Habtoor Grand, Marsa Dubai — AED 11,646,116
- Bugatti Residences by Binghatti, Business Bay — AED 28,000,000
Projects presented by Cevitas
Our Downtown Dubai guides
Frequently asked questions
How much does a home at Mercedes-Benz Places | Binghatti cost?
Over the last 12 months, the 30 off-plan sales registered with the DLD show a median price of AED 16,630,000, or AED 5,135 per sq ft; 80% fall between AED 8,450,000 and AED 30,000,000. The developer's current prices are on its price list.
When will Mercedes-Benz Places | Binghatti be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 26.1% complete, with a planned end date of December 31, 2026. The handover date is confirmed by the developer.
Who is the developer of Mercedes-Benz Places | Binghatti?
The DLD register lists Binghatti Developers FZE (developer no. 1051), in a community developed by Emaar Properties (P.J.S.C).
What unit types are sold at Mercedes-Benz Places | Binghatti?
Off-plan sales over the last 12 months cover: apartment · 2 bedrooms (14), apartment · 3 bedrooms (11), apartment · 4 bedrooms (5). Best-selling type: apartment · 2 bedrooms, at a median AED 9,100,000 for 236 m².
Has the price per sq ft at Mercedes-Benz Places | Binghatti changed?
The median off-plan price moved from AED 4,900 per sq ft in Q2 2024 to AED 4,797 in Q3 2026, based on DLD-registered sales.
How do I get the Mercedes-Benz Places | Binghatti price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.