Studio Apartment at Binghatti Skyrise, Business Bay — Priced Below Original Purchase Price

Property Overview

This is a studio apartment at Binghatti Skyrise, the Binghatti Developers tower in Business Bay, with Burj Khalifa and Dubai Canal views. The 465.32 sqft unit is offered at AED 1,100,000, which is AED 200,000 (15.4%) below the seller-stated original purchase price of AED 1,300,000. It is an off-plan resale with handover stated for Q4 2026, listed as a distress sale below original price.

Property Highlights

• Type: Studio apartment
• Size: 465.32 sqft
• Asking price: AED 1,100,000
• Original purchase price (seller-stated): AED 1,300,000
• Saving vs. original price: AED 200,000 (15.4%)
• Rate: AED 2,364 per sqft
• View: Burj Khalifa and Dubai Canal view (agent-stated)
• Handover: Q4 2026 (agent-stated)
• Developer: Binghatti Developers
• Community: Business Bay

Why the Price Qualifies as Below OP

The classification uses the seller-stated original purchase price of AED 1,300,000 against the current asking price of AED 1,100,000, a difference of AED 200,000, or 15.4%. At 465.32 sqft the asking price is AED 2,364 per square foot. The benchmark is the original purchase price supplied in the brief; it is not a DLD transaction or a dated market comparison, and DPF has not independently verified it.

About the Project, Developer and Community

Binghatti Skyrise is an off-plan residential tower by Binghatti Developers in Business Bay, Dubai's central business and waterfront district along the Dubai Canal, close to Downtown Dubai and the Burj Khalifa with connectivity via Sheikh Zayed Road and Al Khail Road. As an off-plan project, it is under construction toward its stated handover. Project specifications and the exact completion date should be confirmed against Binghatti's official documentation.

Layout and View

The agent describes a studio of 465.32 sqft with Burj Khalifa and Dubai Canal views. Exact floor level, layout, bathroom, parking and furnishing should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Payment Plan and Handover

Handover is stated by the agent as Q4 2026. No payment plan terms were supplied in the brief. As an off-plan resale, the developer payment plan, outstanding balance, handover date and assignment (resale) terms must be confirmed with Binghatti and in the SPA before commitment.

Verification Notes

• Agent-supplied facts: studio type, size (465.32 sqft), asking price (AED 1,100,000), original purchase price (AED 1,300,000), Burj Khalifa & Dubai Canal view, and Q4 2026 handover.
• DPF-calculated figures: savings amount (AED 200,000), savings percentage (15.4%), and price per square foot (AED 2,364).
• External project research: Binghatti Skyrise is confirmed as an off-plan Binghatti Developers tower in Business Bay; unit-specific facts were not independently verified.
• The original purchase price is a seller-stated benchmark and has not been checked against a DLD record.