Photos and renders of the building and grounds — not of this particular unit.
Mercedes-Benz Places
2 BR · Apartment
About the building
65-storey residential building in Downtown Dubai, currently under construction. Developer — Binghatti Developers.
Specifications for Mercedes-Benz Places as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
Project sheet: Mercedes-Benz Places by Binghatti
Developer data — brochure, factsheet and stock deck
The Downtown tower — Binghatti’s first collaboration with Mercedes-Benz. Not to be confused with Binghatti City: that project carries the same Mercedes-Benz Places name but is a Meydan masterplan, and entry there starts at 1.6M, not 11.3M.
- Handover
- Dec 2026
Where it is
Downtown Dubai
The Burj Khalifa district — the most recognisable address in the emirate and the densest piece of it.
- short-let income
- a landmark address
- fast resale
What to check: The service charge here is among the highest in Dubai and in older towers it has climbed faster than rent. Calculate your yield after the charge, not before, and ask for three years of charge history before making an offer.
Full district guide →Questions and answers about lot NP1-227498
How much is this 2-bedroom apartment in Mercedes-Benz Places?
Lot NP1-227498 is priced at AED 7 990 000, about $2 176 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in Downtown Dubai?
The database holds 160 lots in Downtown Dubai. The area median is AED 3 508 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 33 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Downtown Dubai area guide →Is the property ready or still under construction?
The handover date in the listing is 4Q 2026. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 319 600 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 7 990 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Mercedes-Benz Places?
The building has 65 floors. Figures come from the sales launch announcement.
Mercedes-Benz Places project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-227498 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
A mortgage covers the final instalment
The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppNearby in Downtown Dubai
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram