High-Floor Studio Below OP in Binghatti Skyrise, Business Bay

Property Overview

This studio apartment above the 40th floor in Binghatti Skyrise, Business Bay is offered as an off-plan resale at AED 1,240,000. The seller's total cost including original purchase price and DLD registration was stated as at least AED 1,300,000, placing the original purchase price at a minimum of AED 1,250,000. At AED 1,240,000, the asking price is below the original purchase price, with the seller absorbing a total loss of at least AED 60,000 against their all-in cost. The unit provides 465 sq.ft at AED 2,667 per sq.ft, with direct panoramic views of the Burj Khalifa and Dubai Canal from a high-floor position. Handover is expected in Q4 2026.

Property Highlights

• Type: Studio apartment
• Size: 465 sq.ft
• Floor: Above 40th floor
• View: Burj Khalifa and Dubai Canal
• Minimum original purchase price: AED 1,250,000
• Seller's minimum all-in cost (OP + DLD): AED 1,300,000
• Asking price: AED 1,240,000
• Minimum savings vs OP: AED 10,000 (0.8%)
• Minimum seller loss vs all-in cost: AED 60,000 (4.6%)
• Rate: AED 2,667 per sq.ft
• Handover: Q4 2026
• Payment plan: 70/30

Why the Price Qualifies as Below OP

The agent states the seller's total investment including the original purchase price and 4% DLD registration was at least AED 1,300,000. Applying the standard 4% DLD rate, this places the minimum original purchase price at AED 1,250,000 and the minimum DLD at AED 50,000.

At an asking price of AED 1,240,000, the unit is priced at least AED 10,000 below the original purchase price (0.8%) and at least AED 60,000 below the seller's total cost (4.6%). The agent stated the total cost as AED 1,300,000+, which indicates the actual total cost may be higher than this floor figure, which would widen the gap. The seller is exiting at a confirmed loss, indicating a motivated sale.

The original purchase price and DLD payment should be verified against the seller's SPA and DLD receipt before any transaction.

High-Floor Position and Views

This studio sits above the 40th floor of Binghatti Skyrise, one of three 48-storey towers in the development. The agent describes direct panoramic views of the Burj Khalifa and Dubai Canal. Binghatti Skyrise is positioned along the Dubai Water Canal waterfront in Business Bay, and upper-floor units benefit from elevated, unobstructed sightlines toward Downtown Dubai and the iconic Burj Khalifa. The exact view composition depends on the unit's orientation and should be confirmed against the floor plan.

About Binghatti Skyrise and Business Bay

Binghatti Skyrise is a luxury residential development by Binghatti Developers in Business Bay, comprising three 48-storey towers with a total of 3,302 apartments. The towers feature Binghatti's signature diamond-shaped crown design and are positioned along the Dubai Water Canal waterfront. The project offers studios, 1, 2, and 3 bedroom apartments with sizes ranging from 422 to approximately 2,000 sq.ft. Handover is expected in Q4 2026.

Amenities include an infinity pool with skyline views, landscaped gardens, a jogging track, a paddle court, poolside cabanas, BBQ areas, sports courts, a hotel-style spa, a sun deck, a gym, and covered parking. The development includes 24-hour security with CCTV surveillance.

Business Bay is a central Dubai district along the Dubai Water Canal, situated between Downtown Dubai and Sheikh Zayed Road. The area is served by the Business Bay Metro Station on the Red Line and provides direct road access via Sheikh Zayed Road (E11) and Al Khail Road (E44). Downtown Dubai, the Burj Khalifa, and Dubai Mall are within minutes. The district is one of Dubai's most active apartment markets, with over AED 22 billion in apartment transactions recorded over the past 12 months.

Off-Plan Resale and Payment Structure

This is an off-plan resale with handover expected in Q4 2026. The developer payment plan is structured as 70/30: 20% down payment, 50% during construction in monthly instalments, and 30% on handover. The buyer would need to reimburse the seller for amounts already paid and assume the remaining instalment obligations with Binghatti. A No Objection Certificate from Binghatti is required for the resale transfer. The exact remaining balance and payment schedule should be confirmed with the developer.

Verification Notes

The unit type, size, high-floor designation (above 40th floor), Burj Khalifa and Canal views, and asking price are sourced from the agent's resale brief received on 14 August 2026. The seller's total cost was stated as at least AED 1,300,000 (OP + DLD); the original purchase price of AED 1,250,000 and DLD of AED 50,000 are minimum figures derived from this total using the standard 4% DLD rate. The plus qualifier indicates the actual cost may be higher. The exact original price and DLD should be verified against the seller's SPA and DLD receipt. Parking allocation and bathroom count were not stated and have been omitted. Stable project facts are drawn from Binghatti Developers' project page, the Bayut building guide, and the Property Finder project page. Buyers should independently verify all facts, obtain a NOC from Binghatti, and seek independent legal advice before proceeding.