Property Overview
This 3-bedroom apartment on floor 49 or above of Binghatti Skyrise in Business Bay is available at AED 3,650,000. The stated original purchase price is AED 4,336,000. The asking price is AED 686,000 (15.8%) below the original price. The unit is 1,989 sqft (AED 1,835 per sqft) with unobstructed Burj Khalifa and canal views. Handover is scheduled for December 2026. Developed by Binghatti.
Property Highlights
- Type: 3-bedroom apartment
- Size: 1,989 sqft
- Original price: AED 4,336,000
- Asking price: AED 3,650,000 (AED 1,835 per sqft)
- Saving: AED 686,000 (15.8%)
- Bathrooms: 3 (estimated)
- Floor: 49+ of 57
- Views: unobstructed Burj Khalifa and canal
- Handover: December 2026
- Developer: Binghatti
Why the Price Qualifies as Below OP
The asking price of AED 3,650,000 is below the stated original purchase price of AED 4,336,000 by AED 686,000. The agent describes a total loss of approximately AED 1,000,000, which includes the 4% DLD transfer fee on the original purchase (approximately AED 173,440) and other estimated transaction costs.
DLD Transaction Context
The most recent 3-bedroom DLD transaction in Binghatti Skyrise is AED 5,294,999 in Tower A (1 September 2026, 1,766 sqft DLD-registered area). This is an off-plan registration during the project's handover phase and likely represents a developer-to-buyer first registration rather than a resale. The DLD price is AED 1,644,999 (45.1%) above the asking price and AED 958,999 above the stated OP.
For broader context, 1-bedroom DLD transactions in Binghatti Skyrise range from AED 1,400,000 to AED 2,039,999 (762 to 849 sqft) in September 2026. The average sale price across 79 recorded transactions is AED 1,906,034.
OP Plausibility
The stated OP of AED 4,336,000 for 1,989 sqft (AED 2,180 per sqft) is below the DLD-registered 3-bedroom transaction at AED 5,294,999 (approximately AED 2,998 per sqft on the DLD area). This is consistent with an earlier off-plan purchase during the construction phase when prices were lower. The payment plan structure (20% down, 2 to 3% monthly during construction, 30% on handover) suggests the seller has paid a substantial portion of the OP already.
About the Property
The property is a 3-bedroom apartment on floor 49 or above of Binghatti Skyrise. The towers have 57 floors each, placing this unit in the top tier of the building. The agent describes unobstructed Burj Khalifa and canal views, consistent with a high-floor position. The 1,989 sqft size is near the top of the 3-bedroom range (1,838 to 1,991 sqft), suggesting one of the larger layouts.
The bathroom count is estimated at 3 based on comparable listings. The agent did not specify the tower, parking allocation, or furnishing status.
Rarity of Three-Bedroom Units
Binghatti Skyrise has only 26 three-bedroom apartments across its three towers, out of 3,302 total units. This represents less than 1% of the project's inventory. The overwhelming majority are studios (2,256 units, 68%) and one-bedroom apartments (996 units, 30%). This scarcity means three-bedroom resale comparables are extremely limited within the project.
About Binghatti Skyrise
Binghatti Skyrise is a three-tower development in Business Bay by Binghatti. Each tower has 57 floors with four basement levels, for a total of 3,302 apartments. Unit types include studios (422 to 477 sqft), one-bedroom (762 to 1,022 sqft), two-bedroom (1,277 to 1,667 sqft) and three-bedroom (1,838 to 1,991 sqft). The project is scheduled for completion in December 2026.
Amenities include:
- Landscaped pool deck and artificial beach
- Gymnasium and jogging track
- Miniature golf and padel tennis
- Skate park and tennis court
- Children's play area
- Retail outlets, restaurants and cafes
- Concierge service and 24-hour security
- Covered parking
Location
Binghatti Skyrise is in Business Bay, one of Dubai's central business and residential districts along the Dubai Water Canal.
- Dubai Mall and Burj Khalifa: approximately 5 to 10 minutes
- Downtown Dubai: approximately 5 to 8 minutes
- DIFC: approximately 5 minutes
- Dubai International Airport: approximately 15 minutes
- Dubai Marina: approximately 20 to 25 minutes
Business Bay offers freehold ownership for foreign buyers.
Verification Notes
Unit-specific facts including 3-bedroom configuration, 1,989 sqft, AED 3,650,000 asking price, AED 4,336,000 original price, floor 49 or above, unobstructed Burj Khalifa and canal views, and December 2026 handover are from the agent's brief received on 6 October 2026. The Below OP classification is based on the stated OP exceeding the asking price by AED 686,000 (15.8%). The agent's estimated total loss of approximately AED 1,000,000 includes DLD fees and transaction costs beyond the price difference. The bathroom count of 3 is estimated from comparable listings and not confirmed by the agent. The specific tower (A, B or C) is not identified. The DLD transaction of AED 5,294,999 for a 3-bedroom in Tower A (1 Sep 2026) is an off-plan registration and may not represent a resale market price. Parking allocation and furnishing status are not stated. The project completion date of December 2026 is from the developer's published timeline on BHomes.
