Studio in Binghatti Skyrise, Business Bay at AED 970,000 - Below OP, Low Floor

Property Overview

A studio apartment in Binghatti Skyrise, Business Bay at AED 970,000 for 476 sqft, equalling AED 2,038 per sqft. The original purchase price was approximately AED 1,050,000 (the agent brief truncates the figure at 'AED 1,05'). This represents an estimated saving of AED 80,000 (7.6%). Low floor with road and city view. 1 bathroom and 1 balcony of 117 sqft.

Property Highlights

• Type: Studio
• Total area: 476 sqft (44.2 sqm)
• Suite area: 359 sqft (33.3 sqm)
• Balcony: 117 sqft (10.9 sqm)
• Asking price: AED 970,000
• Estimated OP: AED 1,050,000 (truncated in brief)
• Estimated saving: AED 80,000 (7.6%)
• Rate: AED 2,038 per sqft
• Floor: Low
• View: Road and city
• Bathroom: 1

OP Note

The agent brief states the original price as 'AED 1,05' with the figure truncated. Based on DLD records showing studio launch prices at AED 1,020,000 to 1,050,000 for this building, and a comparable Dubizzle listing at AED 1,050,000 described as below OP, the original price is estimated at AED 1,050,000. The exact figure should be verified from the SPA.

Below OP Analysis

At AED 970,000 vs an estimated OP of AED 1,050,000, the saving is approximately AED 80,000 (7.6%). Including the 4% DLD fee on the original purchase (approximately AED 42,000), the seller's total estimated loss is approximately AED 122,000.

DLD Transaction Context

Recent DLD studio transactions for Binghatti Skyrise (all off-plan):

• 3 Oct 2026: AED 1,277,249, 462 sqft, Tower C (AED 2,762 per sqft)
• 2 Oct 2026: AED 1,115,625, 422 sqft, Tower B (AED 2,642 per sqft)
• 25 Sep 2026: AED 1,000,000, 449 sqft, Tower B (AED 2,225 per sqft)
• 21 Sep 2026: AED 1,025,000, 422 sqft, Tower B (AED 2,427 per sqft)
• 25 Aug 2026: AED 1,030,000, 463 sqft, Tower C (AED 2,226 per sqft)

The asking price of AED 970,000 (AED 2,038 per sqft) is below all recorded DLD transactions for studios in this building, where rates range from AED 2,225 to AED 2,762 per sqft.

Handover Date Discrepancy

The agent states Q4 2027 handover. Property Finder, Bayut, Metropolitan and Inside Realty all show the official handover date as Q4 2026 (December 2026). This is a significant discrepancy. The Q4 2027 date may reflect an anticipated delay or an error in the brief. Delays of 8 to 9 months are common in Dubai off-plan, which could push a Q4 2026 target into mid-to-late 2027. Buyers should confirm the current timeline.

About Binghatti Skyrise

Binghatti Skyrise is described as Business Bay's first mega-development by Binghatti Developers. The project comprises three 48-storey towers (Tower A, Tower B, Tower C) with diamond-shaped crowns, located along the Dubai Water Canal. Studios range from 422 to 476 sqft. The development includes retail and residential components.

Comparable Asking Prices

Active studio listings in Binghatti Skyrise:

• AED 1,150,000 for 434 sqft, Tower B, mid-floor (Bayut)
• AED 1,080,000 for 466 sqft, Tower C (Property Finder, described as 10% below OP)
• AED 1,030,000 for 466 sqft, Tower C, mid-floor, lagoon view (Property Finder)
• AED 1,050,000 for 462 sqft, Tower C, mid-floor (Dubizzle)

At AED 970,000, this is the lowest asking price identified for a studio in this building. The low floor and road view (vs canal, Meydan or Burj Khalifa views) explain part of the discount.

Tower Note

The agent brief does not specify which tower (A, B or C) this unit is in. Buyers should confirm the tower, as handover timing and view orientation vary by tower.

Verification Notes

The asking price, area breakdown, low-floor position and view are from the agent brief. The OP is estimated at AED 1,050,000 based on market data (the brief truncates at 'AED 1,05'). The handover date differs between the agent (Q4 2027) and official sources (Q4 2026). The tower is not specified. Buyers should verify all three with documentation.