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Business Bay

Binghatti Skyrise

1 BR · Apartment

About the building

Located in Business Bay. Developer — Binghatti Developers. Architect — Silver Stone Engineering Consultants.

What the building has

  • Swimming pool
  • Shops

Specifications for Binghatti Skyrise per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

Project sheet: Binghatti Skyrise

Developer data — brochure, factsheet and stock deck

Three towers and 3 302 apartments — the company’s largest Business Bay launch; a minute’s walk to Zabeel Track metro.

Handover
Dec 2026
Residences
3 302
Retail
31
Service charge
~18 AED/sqft
Project no.
3321

Remaining stock from AED 2 163 249 — what the cheapest unit still available from the developer cost as of December 2025

Developer launch pricing as of September 2025
Studio2256 units422–476 sqftfrom AED 1 264 000
1 bedroom996 units762–1021 sqftfrom AED 2 162 000
2 bedrooms24 units1277–1667 sqftfrom AED 3 880 000
3 bedrooms26 units1839–1991 sqft—
  • Indoor gym
  • Outdoor fitness area
  • Adults pool
  • Kids pool
  • Beach-style pool
  • Kids' playground
  • Tennis court
  • Padel court
  • Basketball court
  • Yoga area
  • Running track
  • Golf course
  • Smart home system
  • Fully fitted kitchen

The table shows the developer's launch prices on the date given, not the price of this lot: this one is a resale and costs what is quoted above. The comparison is useful, but the developer has re-priced since.

The full Binghatti range — 37 projects →

Where it is

Business Bay

The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.

  • central location at a discount
  • short-let on the canal
  • deep tenant demand

What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.

Full district guide →

Questions and answers about lot NP3-499589

How much is this 1-bedroom apartment in Binghatti Skyrise?

Lot NP3-499589 is priced at AED 1 800 000, about $490 000. The listing does not state a size, so no price per square foot is given.

How much has the price of this lot been cut?

The price before the cut was AED 2 025 000; it is now AED 1 800 000 — AED 225 000 less, or 11%.

What are prices like in Business Bay?

The database holds 317 lots in Business Bay. The area median is AED 3 049 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 110 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.

Business Bay area guide →

Is the property ready or still under construction?

The handover date in the listing is 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 72 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 200 000 short of the 10-year Golden Visa, granted from AED 2 000 000. 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 Binghatti Skyrise?

The building has 56 floors and 3 333 units. The developer is Binghatti. Figures are from the project passport: Propsearch and the Dubai Land Department.

Binghatti Skyrise 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 NP3-499589 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.

Video

Video: Binghatti Skyrise

Reviews from the English YouTube channel — each one with a written breakdown on this site.

Handover payment

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.

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