Mercedes-Benz Places Binghatti City Dubai: Prices Guide (2026)

Mercedes-Benz Places Binghatti City Dubai is a master-planned residential community in the Nad Al Sheba area of Meydan, which the developer, Binghatti, lists with studios to five-bedroom apartments, a “From” price of AED 1,599,999 and a payment plan of 20% down, 50% during construction and 30% upon completion.

This guide to Mercedes-Benz Places Binghatti City Dubai reads the developer’s project page, its area guide, press reports from December 2025 and January 2026 and broker pages as they stood on 14 November 2026. The sources differ on the handover, the number of towers, the unit total, the site area and the name of the area, so each figure is shown with its source and date and none is chosen.

It adds the unit mix with calculated shares, the price points printed by the developer, the press and the brokers, the Dubai Land Department (DLD) sale records that a broker site republishes, the Dubai rules for off-plan purchases (Oqood registration, escrow, fees, freehold and the Golden Visa threshold) and a list of what a buyer can ask for in writing.

Overview of Mercedes-Benz Places Binghatti City Dubai

Binghatti’s project page calls the scheme Mercedes-Benz Places Binghatti City. It shows the badge “Available”, the area name Nad Al Sheba, the unit types Studio, 1 BR, 2 BR, 3 BR, 4 BR and 5 BR, and a price line “From 1,599,999” in dirhams. The project list on binghatti.com prints the same figure as “Starting AED 1,599,999”. At the pegged rate of 3.6725 dirhams per US dollar that is about USD 435,670.

The page does not say which unit type the starting price belongs to, and it prints no handover date, no construction percentage and no unit count. Its Floor Plans tab groups plans under three headings, one of them Project Maybach, and the plan images carry no sizes.

The developer’s FAQ describes a 12-tower community with a signature iconic tower and a central park with 12 different experiences. The area guide on the same site gives more than 13,000 units. Press reports from January 2026 give 13,386 homes. Section 3 sets these and the other counts side by side.

On the brand, the developer prints one statement and this guide repeats only that. The disclaimer on the project page says that “Mercedes-Benz” and the logo are the intellectual property of Mercedes-Benz Group AG, that Binghatti Developers FZE uses them under license, and that Binghatti Developers FZE is responsible for the development, marketing, sales and operations of the building. The guide makes no further statement about the brand owner.

The table below lists what is printed and where. A cell that says “not printed” means the developer’s page was read on 14 November 2026 and the item was not on it.

Status, launch dates and handover by source

Several dated events are on record. The first public announcement was reported on 16 December 2025. Gulf News of that date described the project as located in the Meydan area, with a stated total value of AED 30 billion and more than 10 million square feet, and said the official launch was scheduled for 14 January 2026.

The National’s article of 14 January 2026 reports the press conference on that day, with starting prices by unit type and a completion time of three and a half years.

Travelsdubai, dated 15 January 2026, describes the launch event and repeats the three phases over about three and a half years. Propsearch, a broker and data site, says construction began in 2025 and records a first trace in October 2025. That is a broker’s statement, and no DLD figure for construction progress is printed there or on the developer’s page.

Handover is the item on which the sources differ most. The developer’s page prints no handover quarter or year. Its only completion wording is the last instalment of the payment plan, “30% upon completion”. The press says the community is expected to take three and a half years from launch in three phases.

This guide does not turn that period into a calendar date, because the launch month, the phase boundaries and the point at which an individual tower is handed over are not defined in those articles.

The pages that do print a date disagree with each other, and one page disagrees with itself. The table gives each figure as printed with its source.

These are dated differences between sources, not a ruling on which is right. A handover quarter written on a broker page, a marketing page or a blog is not a contract term. The date that binds a buyer is the one written into the sales and purchase agreement (SPA), together with the phase or tower it applies to, and section 9 lists the questions to put to the seller before reserving.

One further point concerns the status badge. The developer’s page shows “Available”. A broker site republishes seven DLD pre-registration sale records dated 11 and 12 November 2026 for the project (section 5). The guide reads the badge and the records as what they are, a label and a list of registrations, and draws no conclusion about how many homes remain.

Towers, units, floors, area and amenities by source

Counts of towers and homes are not uniform across the pages read. The developer prints 12 towers in its FAQ and “more than 13,000” units in its area guide. The press figure of 13,386 is the sum of five unit-type counts that Travelsdubai prints, so it is internally consistent. Propsearch prints a different structure, with 14 towers of which two are office towers, and in the same list says there are over 12,000 residential units across the 14 towers.

Heights and floors are given for one tower only. Travelsdubai says the signature building rises 341 metres. The broker site ezre.ae lists the tower called Vision Iconic as a basement, a ground floor, five podium levels, 65 residential floors, nine mechanical floors and a rooftop, and dubaipropertyinsight.com says the first Maybach-named towers have 30 to 34 floors each. None of these is on the developer’s project page, so they are broker or press statements.

Area figures also vary. Gulf News and Travelsdubai say the project exceeds 10 million square feet, which is about 929,000 m2 by arithmetic at 0.092903 m2 per square foot. Travelsdubai also writes that the masterplan covers close to 9 to 10 million square feet.

Propsearch prints about 9 million square feet of residential floor area, about 650,000 square feet of office space, over 200 ground-floor retail outlets and six podium complexes. Gulf News gives the stated total value as AED 30 billion, which is about USD 8.17 billion at the peg.

Amenities are described more fully by the press than by the developer’s own page. The project page lists only the central park with 12 curated experiences.

Travelsdubai, in a report that credits Binghatti as its source, lists a Grand Promenade, family and infinity pools, gyms, yoga pods, sky jogging tracks, 12 sporting clubs, a ballroom, an event hall, a screening lounge, an e-sports lounge, concierge services and electric-vehicle infrastructure, and says social spaces are “planned across the masterplan”. Propsearch adds a skate park, a children’s playground, a reflecting pond and an amphitheatre.

For a buyer the useful reading is that the developer page describes a park and a tower mix, while the longer facility lists come from a press release and a broker. Which facilities belong to which tower podium, and which are built in which phase, are items for the SPA schedule, not for a press article.

Unit mix of 13,386 homes by type, with sizes and shares

The angle of this section is the mix. The community is large, and the unit split that Travelsdubai prints makes it possible to calculate what kind of homes the 13,386 are. The counts are the press figures from the launch, not stock for sale, and the developer’s page prints no split. Every share below is arithmetic on those five numbers.

Studios and one-bedroom apartments together are 11,284 homes, which is 84.30% of the total. Studios alone are 47.22%, and there are about 1.27 studios for every one-bedroom apartment (6,321 divided by 4,963). Two-bedroom homes are 12.35%, three-bedroom homes 3.22% and the 18 four- and five-bedroom homes 0.13%. Travelsdubai says those 18 are located mainly in the tower called Vision Iconic, and the ezre.ae page for that tower lists size ranges for them.

The mix matters for two practical reasons. A building with a high share of studios and one-bedroom homes has many small units sharing lifts, parking and podium facilities, so the service-charge arrangements in section 8 and the shared-facility schedule in the SPA carry more weight than in a low-density scheme.

And the unit types on which prices are published (studio, one-, two- and three-bedroom) cover 99.9% of the homes, which means a buyer of a four- or five-bedroom home is dealing with a very small group for which the press prints no price.

Sizes are the second half of the picture. The developer prints none, so the table collects the sizes that appear in DLD records republished by Propsearch and in the broker table for one tower. Metric values are calculated at 0.092903 m2 per square foot.

Reading across the table, the studio records sit in a narrow band of 380 to 403 square feet. A one-bedroom home in the tower called Vision Iconic starts at 695 square feet, which is 1.83 times the smallest studio record (695 divided by 380).

The ranges widen with the number of bedrooms. The printed two-bedroom range runs from 979 to 2,053 square feet, so the largest is 2.10 times the smallest. The three-bedroom range (1,203 to 2,533) has a ratio of 2.11, the four-bedroom range 1.47 and the five-bedroom range 1.49.

Dubaipropertyinsight.com gives a single overall range of about 370 to 1,321 square feet (34.4 to 122.7 m2) for studios to three-bedroom homes outside the iconic tower. That page also says its figures are approximate. Since the two broker pages use different tower scopes, the guide shows them separately and does not merge them into one range.

A two-bedroom home of 979 square feet and one of 2,053 square feet are different products even under the same label. A buyer comparing offers should therefore ask for the net internal area of the specific unit, the balcony or terrace area counted separately, and the area basis written in the SPA. The DLD FAQ addresses the case where the built area differs from the contract area, and section 8 summarises it.

Prices as printed and as reported

For Mercedes-Benz Places Binghatti City Dubai the developer prints one price: “From 1,599,999” in AED on the project page, and “Starting AED 1,599,999” in the project list, both read on 14 November 2026. That is AED 1,599,999, about USD 435,670 at the pegged rate of 3.6725. The page does not say whether the figure is for a studio, for which tower, or at which floor. The area guide on binghatti.com repeats the figure as “Starting from AED 1,599,999”.

The press adds prices by unit type from the launch press conference. The National, on 14 January 2026, reported starting prices, attributed to the developer’s chief executive, of Dh1.6 million for a studio (printed there as $435,600), Dh2.6 million for a one-bedroom unit, Dh3 million for a two-bedroom unit and Dh5 million for a three-bedroom unit. Travelsdubai prints the same four figures as “around” or “about” values.

Broker pages add further figures, which differ. The marketing page at mercedes-benz-binghatti.com prints studios at 1.35M to 1.6M AED. Dubaipropertyinsight.com prints studios at AED 1.3 million to AED 1.7 million. Realestateclubdubai.com prints a project price from AED 1,600,000. The ezre.ae page lists Vision Iconic prices “as published by Binghatti” for one-bedroom to five-bedroom homes and commercial units; the developer’s own project page does not carry that table.

Prices are AED as printed, and the USD values are arithmetic at 3.6725 dirhams per dollar. No price per square foot or per square metre is printed in this guide. A price in a press report from January is a launch-day figure, a price on a broker page carries the broker’s date, and the developer’s “From” figure carries the date it was read. None of them is an offer.

The seven DLD pre-registration sale records that Propsearch republishes for the project show actual registered prices for specific towers and floors. The page says the records come from the Dubai Land Department’s Open Data directive, are published on weekdays, and omit unit numbers and buyer or seller details. It lists 50 sale records for the project in total; the table shows the seven dated 11 and 12 November 2026.

The three studio records (AED 1,250,000, 1,300,000 and 1,300,000) are lower than the developer’s “From” figure of AED 1,599,999 and the press studio figure of Dh1.6 million. The sources do not say why. The reasons could be the tower, the floor, the payment terms attached to the registration, or the date of the original reservation, and the page printing the records does not state them. The guide therefore reports the records as dated registrations and does not compare them with the developer’s list price.

The practical step is the same for any of these figures. A price is only usable when a written price list names the unit number, the tower, the floor, the net area, the finish and the payment plan that goes with it. The developer’s page says nothing on this, and section 9 puts it first on the list of requests.

The 20/50/30 payment plan in numbers

The developer’s payment plan for Mercedes-Benz Places Binghatti City Dubai is the one in its FAQ: 20% down payment, 50% during construction and 30% upon completion. The three shares add to 100%. Two other pages describe the same schedule as “70/30”, which is the arithmetic of 20% plus 50% before handover and 30% at handover.

The plan as written leaves four things open. First, it does not say what the down payment covers: a booking deposit, the first SPA instalment, or both. Second, “during construction” has no schedule on the page.

Broker pages say milestones, one says monthly instalments of around 0.75%, and the developer says nothing. Third, “upon completion” is not defined as the date of the completion certificate, of the handover notice or of the key handover. Fourth, there are no printed fees for registration, which section 8 covers.

The table applies the 20/50/30 split to three printed prices. The figures are arithmetic, rounded to the nearest dirham, and are not a quotation. The first row is the developer’s “From” price; the other two are the press figures for a one-bedroom and a two-bedroom unit.

The same figures in dollars, at the peg of 3.6725 dirhams, are below.

The Dubai Land Department says in its FAQ that a payment schedule for an off-plan sale is based on completion rates. On receiving a payment request, the buyer is entitled to know the current completion percentage through a letter from the project consultant approved by the DLD, and the DLD says the buyer is not obliged to pay a stage payment until the stage in the agreed schedule has been reached.

Progress can also be checked through the DLD project-status service, which takes a land number, a project number or a project name.

This is the link between section 6 and the questions in section 9. A schedule that reads “50% during construction” is only checkable if the SPA lists each instalment with the construction stage or the date that triggers it, and the escrow account into which it is paid is named.

Location of Mercedes-Benz Places Binghatti City Dubai: Nad Al Sheba, Meydan and access

The location of Mercedes-Benz Places Binghatti City Dubai is given three ways, as the table shows. The developer’s card says Nad Al Sheba, its FAQ says Meydan, and the markup of its page carries “Meydan, Nad Al Sheba”. The press says Nad Al Sheba near Meydan or the Meydan area.

Propsearch places the project in Nad Al Sheba 1 within Meydan and Mohammed Bin Rashid City, and one broker file lists MBR City. The names overlap more than they conflict, and the sources do not give a plot number.

The developer’s FAQ lists travel times to five places and says nothing about the mode of transport, the route or the time of day. The area guide adds that Meydan sits along Al Khail Road and Ras Al Khor Road and that roughly 15 minutes separates it from Downtown Dubai, Business Bay, DIFC and the airport. The guide also gives Jumeirah Beach, Kite Beach and Al Sufouh Beach as a 20 to 30 minute drive.

To give a second reading, the table also shows straight-line distances calculated from the map point in the developer’s page markup (25.173 N, 55.311 E) to the coordinates Wikipedia gives for each place. They are calculated with the haversine formula, are not road distances and carry no time. The map point is the developer’s, and its exact relation to the building plots is not stated.

The developer’s area guide lists local facilities for Meydan, not for the project plots: Hartland International School, North London Collegiate School Dubai, Latifa School for Girls, Odyssey Nursery, Nad Al Sheba Health Centre and American Hospital Dubai Nad Al Sheba. It names the Meydan Hotel and Racecourse, Meydan Golf Course and cycling and running tracks, and says taxis and ride-hailing apps are available. It gives no distances for these, and the guide does not infer any.

For a buyer, the items to check are the plot’s access roads, the phase in which the chosen tower sits, because the sources describe phased delivery, and whether a public transport link is planned inside the community. The developer’s pages print none of these, and the only metro station they name is Business Bay, 15 minutes away per the area guide.

Buying off-plan in Dubai: registration, escrow, fees and the Mercedes-Benz Places Binghatti City Dubai contract

This section gives the Dubai rules that apply to an off-plan purchase such as Mercedes-Benz Places Binghatti City Dubai, each from a Dubai Land Department page read on 14 November 2026.

It describes the rules and does not apply them to a particular unit; whether a unit is in a freehold area, qualifies for a visa or has a given fee depends on its contract and on the authority. This is general information only. The Dubai guides on this site cover the same ground in more detail, in particular the off-plan buyer’s guide and the guide to foreign ownership.

Registration, Oqood and the 90-day window

The DLD page for the initial sale describes the service as one that lets a developer register units sold off plan, or land plots not fully paid for, in the provisional register. The developer logs in to the Oqood portal, selects the provisional sale registration service, enters the unit details and attaches the documents, and the buyer receives the output by e-mail. The required documents for an individual are a copy of the SPA, a UAE ID copy or a passport copy for non-residents.

The conditions on that page are specific. The SPA must be signed by the developer and the purchaser, and it must be registered in the provisional register within 90 days from the date of signing. The output is a provisional registration e-certificate. A buyer who holds an SPA with a unit number and a date can therefore ask for the registration e-certificate and compare its date with the signing date.

Fees as the DLD prints them

The same page lists the registration fee as 2% of the sale value for the seller and 2% for the purchaser, plus AED 10 as a knowledge fee and AED 10 as an innovation fee. Together the two percentages make the 4% that is commonly called the DLD transfer fee.

The page does not say who bears which share in a given sale; that is a term of the SPA. The table applies the percentages to three printed prices, rounded to the nearest dirham. The result excludes the two AED 10 fees, any broker commission and any bank charge.

Escrow and the payment schedule

The DLD FAQ describes the escrow account as the project’s bank account in which the amounts collected from buyers of off-plan units, or from the project’s financiers, are deposited. It says the escrow law aims to regulate construction and protect buyers’ rights, and that it applies to all real estate developers in Dubai who sell off plan and receive payments.

The DLD’s rules page lists a compliance circular on Law No. 8 of 2007 on real estate development escrow accounts, dated 8 January 2026, and another on the marketing of projects under the same law, dated 19 March 2025.

What this means for a buyer is practical. The name of the escrow account and its bank should appear in the SPA or in the payment instructions, and the bank should be on the DLD’s list of approved escrow account trustees. The DLD also says payment can be made by deduction from the escrow account for fees, which links the fees table above to the escrow account the buyer pays into.

Freehold, service charges and the title deed

The DLD FAQ ties foreign ownership to areas specified by the Ruler under Law No. 7 of 2006, and the developer’s project page does not print whether the community is in such an area. A buyer should ask for the freehold designation of the plot in writing. The freehold and leasehold guide explains the two forms of tenure.

After handover, the owner pays service charges. The DLD says the budget for common services is approved by the Real Estate Regulatory Agency (RERA), that an owner’s share is calculated by the area owned in the title deed, and that the owner can obtain an indicative figure from the DLD Service Charge Index by multiplying the index price by the unit area.

The index is queried by project, usage and year, and the page read does not show whether it holds data for this project, so the developer’s own estimate is the figure to request in writing.

On completion, the DLD FAQ says developers must register the completed project and that fully paid units move from the initial register to the real estate registry, when the title deed or usufruct certificate is issued to the owner. A title deed can be checked on the DLD’s verification service, which charges no fee.

The FAQ also covers area differences: if the built net area exceeds the contract area, the developer cannot claim the value of the excess unless the contract expressly agrees otherwise, and if it falls short by more than 5% of the net area, the developer must compensate the purchaser for the shortfall.

Golden Visa threshold and residence

Two official pages describe the property route to the UAE Golden Visa, and they differ on the length of the visa. The DLD service page says a property owner whose property had a purchase value of at least AED 2 million at the time of purchase can apply for a 10-year renewable residence permit, with the property wholly owned by the applicant and a bank letter for a mortgaged property.

The UAE government portal’s table lists a minimum capital of AED 2 million for its real estate category, with a duration of 5 years for real estate and 10 years for public investments.

AED 2,000,000 is about USD 544,588 at the peg of 3.6725. A printed price below that threshold, as the developer’s AED 1,599,999 “From” price is, is below it on price alone, and a price at or above it would reach the stated minimum on price alone.

This guide does not claim residence or Golden Visa eligibility for any unit in Mercedes-Benz Places Binghatti City Dubai. Eligibility, the visa length and the documents are decided by the authority, and a buyer should ask it directly. See also the Golden Visa guide and the mortgage guide for foreigners.

On annual taxes, the official pages read for this guide describe no annual property tax rate, and this guide states none. The DLD FAQ mentions that a tenant, not an owner, pays a municipality fee of 5% of annual rent, shown on the electricity bill. The property tax guide covers recurring costs in more detail, and a buyer should check current figures with the authority.

What to ask for in writing before reserving

The following list is the normal set of documents and answers to request before signing for any off-plan unit in this community. It follows the gaps that the developer’s page leaves, which section 1 lists, and the DLD pages in section 8. Each answer should be in writing and, where possible, in the SPA itself.

1. A price list naming the unit number, the tower and phase, the floor, the net internal area, the balcony or terrace area and the finish, with the price in AED.
2. The SPA with the unit number, the full name of the seller as it appears in the SPA (the page disclaimer names Binghatti Developers FZE) and the signatories for each party.
3. The handover date or quarter written in the SPA, the phase it refers to, and what the SPA says about notice of completion.
4. The payment schedule: each instalment, its amount, the construction stage or date that triggers it, and what “down payment”, “during construction” and “upon completion” mean in the SPA.
5. The name of the escrow account and its bank, with the account details to which instalments are to be paid.
6. The DLD project number and the Oqood registration: the provisional registration e-certificate, its date and the 90-day window.
7. The freehold designation of the plot, since the developer’s page does not print tenure.
8. A service-charge estimate for the unit, compared with the DLD Service Charge Index for the project when it is available.
9. A list of what the finish includes: flooring, kitchen, appliances, air conditioning and fittings, as a schedule to the SPA.
10. All fees on top of the price, with who pays each: DLD registration, the AED 10 fees, any administrative fee, and any broker commission.
11. The brand-related wording in the SPA, if any, and the entity responsible for development, marketing, sales and operations, as the disclaimer words it.
12. The completion percentage, as a letter from the DLD-approved project consultant, before any stage payment.

The list does not suggest that any answer is missing. It records what the developer’s project page does not print, which is the usual position for a project page, and what the DLD says a buyer can ask for. The DLD publishes a list of licensed developers on its site, which can be used to check the seller’s entity and licence, and the project status service shows completion data.

A short summary of how to use the list: ask for items 1 to 5 before paying a booking amount, items 6 to 9 before signing the SPA, items 10 to 12 before the first stage payment after signing. A buyer who uses a lawyer, a broker or a mortgage bank should give them the same list, so the answers come from one consistent set of documents.

Binghatti, the developer

Binghatti Holding Limited (trading as Binghatti) is the company behind the project. The developer’s About the Brand page says that Dr. Hussain Binghatti founded the company in 2008 and named it after his late father. The same page names a founder, a chairman, a vice-chairman and a chief executive officer.

In its release of 12 November 2026 on nine-month results, Binghatti describes itself as a vertically integrated real estate developer established in 2008, combining in-house design, development, construction and delivery.

It states a portfolio exceeding 100 projects valued at more than AED 100 billion and nearly 60 completed developments, and it lists branded residences developed with Bugatti, Mercedes-Benz and Jacob & Co. The same release names five projects completed in 2026 so far (Binghatti Apex, Ghost, Ivory, Haven and Grove) and says about 2,600 units were handed over.

The developer’s project list on binghatti.com showed 42 project cards on 14 November 2026. The release counts nearly 60 completed developments, so the list is not a count of every project. Those figures are the company’s statements and are not audited numbers or independent counts. The DLD’s licensed-developers page is the official place to check a developer’s registration, and the buyer’s SPA names the contracting entity.

Nothing on the project page for this community describes the contractor, the architect or the project consultant, and no source seen in this guide names them. The project’s disclaimer, summarised in section 1, is the developer’s own statement of who is responsible for the building.

For other Dubai developers on this site, see the Dubai developer directory.

Other Binghatti projects and nearby Dubai listings

The project list shows no other Binghatti project in Meydan or Nad Al Sheba on 14 November 2026. The nearest Binghatti projects by developer-printed distance are in Business Bay, which the project page gives as 10 minutes away. The first table shows Binghatti projects in Business Bay and Downtown Dubai, plus the other co-branded Mercedes-Benz project on the list, with the starting price as the project list printed it on 14 November 2026.

The second table lists Dubai listings on this site that are in or next to Meydan according to their own pages. They are different developers and different buildings, are not comparisons of quality, and carry their own sources and dates.

A buyer comparing communities should compare like with like: the unit types printed, the status and handover wording of each page, and the payment plan, rather than the headline price alone. The Dubai real estate market guide and the Dubai city page list further projects, and the UAE page gives the wider context.

Frequently asked questions

Where is Mercedes-Benz Places Binghatti City Dubai?

The developer’s card places the project in Nad Al Sheba, and its FAQ places it in Meydan, Dubai. The markup of the page reads Meydan, Nad Al Sheba, with a map point of 25.173 N, 55.311 E. Propsearch adds Nad Al Sheba 1 within Meydan and Mohammed Bin Rashid City, and one broker file lists MBR City. The developer prints no plot number, so the SPA and the DLD project record are the references for the exact plot.

How much does a home in Mercedes-Benz Places Binghatti City Dubai cost?

The developer prints one figure: From AED 1,599,999, about USD 435,670 at the peg of 3.6725, without naming a unit type. The National reported Dh1.6 million for a studio, Dh2.6 million for a one-bedroom, Dh3 million for a two-bedroom and Dh5 million for a three-bedroom unit on 14 January 2026. Broker pages and DLD records print other figures, shown in section 5. A written price list for the specific unit is the only usable price.

When will Mercedes-Benz Places Binghatti City Dubai be handed over?

The developer’s page prints no handover date. Press reports say three phases over about three and a half years. Broker and marketing pages print Q2 2027, Q2 2028, June 2028, Q3 2028, Q2 2029 and Q3 2029 for different scopes, and one page prints two different dates. These are differences between dated sources, not a ruling. The date that binds a buyer is the one written in the SPA, with the phase it applies to.

How many towers and homes are planned?

The developer prints 12 towers in its FAQ and more than 13,000 units in its area guide. Travelsdubai prints 13,386 homes and a split by type. Propsearch prints 14 towers, of which two are office towers, and over 12,000 residential units. The guide shows each figure with its source in section 3 and does not choose between them. The SPA and the DLD project record define what is being sold.

What is the payment plan?

The developer’s FAQ prints 20% down payment, 50% during construction and 30% upon completion. Other pages describe the same split as 70/30, meaning 70% before handover and 30% at handover, and one broker page mentions monthly construction instalments of about 0.75% without attribution. The page does not define the stages. The DLD says stage payments are based on completion rates and a buyer can ask for the completion percentage.

Can a foreigner buy a home there?

The DLD FAQ says properties for non-UAE citizens may be registered in the areas the Ruler of Dubai specifies under Law No. 7 of 2006. The developer’s page does not print whether the community is in such an area, so a buyer should ask for the freehold designation in writing before reserving. The guide to buying apartments in Dubai as a foreigner covers the general rule.

What does the escrow account do?

The DLD FAQ describes the escrow account as the project’s bank account for the amounts collected from buyers of units sold off plan, and says the law applies to all developers selling off plan in Dubai. The escrow account’s name and bank should be in the SPA or the payment instructions, and the bank should appear on the DLD list of approved escrow account trustees.

What fees apply at registration?

The DLD page for registering an initial sale prints 2% of the sale value for the seller and 2% for the purchaser, plus AED 10 as a knowledge fee and AED 10 as an innovation fee. Together the percentages are the 4% usually called the DLD transfer fee. The page does not say who pays which share, which the SPA settles. On a price of AED 1,599,999, 4% is about AED 64,000.

Does a home there qualify for the Golden Visa?

This guide makes no claim of eligibility for any unit. The DLD service page names a minimum property value of AED 2 million at the time of purchase for a 10-year renewable permit, and the UAE government portal lists a minimum of AED 2 million with a 5-year duration for real estate. The authority decides eligibility, visa length and documents, so a buyer should ask it directly. A unit’s price relative to AED 2,000,000 is only one input.

How can a buyer check progress after buying?

The DLD project-status service shows the completion percentage and project details for a land number, a project number or a project name, and the DLD says the same can be requested by a letter from the DLD-approved project consultant. A title deed can be checked on the DLD verification service once issued. The developer’s page prints no progress percentage, so these official services are the references.

Sources and last check

Last checked: 14 November 2026. Sources:

• Binghatti: Mercedes-Benz Places Binghatti City project page, read 14 November 2026
• Binghatti: area guide for Meydan, read 14 November 2026
• Binghatti: projects list, read 14 November 2026
• Binghatti: About the Brand page, read 14 November 2026
• Binghatti: nine-month 2026 results release, 12 November 2026
• The National: prices at the new Binghatti project in Dubai, 14 January 2026
• Gulf News: announcement of the project, 16 December 2025
• Travelsdubai: launch report with unit mix, 15 January 2026
• Propsearch: project page with DLD pre-registration records, page updated 15 October 2026, records to 12 November 2026
• ezre.ae: Vision Iconic page, seen 14 November 2026
• dubaipropertyinsight.com: project review, seen 14 November 2026
• realestateclubdubai.com: project page, seen 14 November 2026
• mercedes-benz-binghatti.com: marketing page, ownership not confirmed in the sources read, seen 14 November 2026
• Dubai Land Department: register the initial sale (Oqood), read 14 November 2026
• Dubai Land Department: frequently asked questions, read 14 November 2026
• Dubai Land Department: rules and regulations, read 14 November 2026
• Dubai Land Department: project status enquiry
• Dubai Land Department: approved escrow account trustees
• Dubai Land Department: Service Charge Index
• Dubai Land Department: verify a title deed
• Dubai Land Department: Golden Visa application, property owner
• UAE government portal: Golden visa
• Dubai Land Department: licensed developers
• Wikipedia: Dubai International Airport (coordinates)
• Wikipedia: The Dubai Mall (coordinates)
• Wikipedia: Business Bay (coordinates)
• Wikipedia: Meydan Racecourse (coordinates)
• Wikipedia: Ras Al Khor wildlife sanctuary (coordinates)

This is not legal, tax or financial advice.