1-Bedroom Apartment in Binghatti Skyrise Tower C, Business Bay, 19.3% Below OP+DLD

Property Overview

This 1-bedroom off-plan apartment in Binghatti Skyrise Tower C, Business Bay, Dubai, is offered at AED 1,700,000 for 966 sq ft of built-up area, or about AED 1,760 per sq ft. The asking price is AED 406,000 (19.3%) below the agent-stated original price including DLD of AED 2,106,000. The unit is between floors 10 and 15 with a community view, and handover is expected in Q1 2027.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 966 sq ft
• Asking price: AED 1,700,000
• Original price including DLD (agent-stated): AED 2,106,000
• Saving versus original price plus DLD: AED 406,000 (19.3%)
• Asking rate: approximately AED 1,760 per sq ft
• Floor: between 10 and 15 (agent-stated)
• View: community
• Status: off-plan, expected handover Q1 2027
• Developer: Binghatti Developers

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 1,700,000 is lower than the agent-stated benchmark of AED 2,106,000, which the brief describes as the original price plus the DLD fee. The difference is AED 406,000, or 19.3%. If the DLD fee was the standard 4%, the original price alone would be about AED 2,025,000, and the asking price would be roughly AED 325,000 (16.0%) below it; this is a DPF estimate.

None of the figures have yet been checked against the SPA, Oqood or DLD receipt. The comparison reflects what the seller originally paid; it is not a claim that the unit is below current market value.

About the Project, Developer and Community

Binghatti Skyrise is a residential development by Binghatti Developers in Business Bay. Business Bay is one of Dubai's central mixed-use districts, built around the Dubai Water Canal next to Downtown Dubai.

Layout, Floor and View

The agent confirms a 1-bedroom layout of 966 sq ft in Tower C, on a floor between 10 and 15, with a community view. Bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in Q1 2027, according to the agent. No payment plan, amount paid or outstanding balance was supplied. Confirm these, along with transfer and NOC fees, against the SPA and Binghatti's statement of account before making an offer.

Location and Connectivity

Business Bay has direct road access to Sheikh Zayed Road, Al Khail Road and Al Asayel Street and is served by Business Bay station on the Dubai Metro Red Line. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Binghatti Skyrise Tower C, Business Bay, 1-bedroom apartment, 966 sq ft, floor 10 to 15, community view, Q1 2027 handover, AED 2,106,000 original price including DLD and AED 1,700,000 asking price.
• DPF-calculated figures: AED 406,000 (19.3%) below the original price plus DLD, an estimated 16.0% below the original price alone and approximately AED 1,760 per sq ft.
• Not yet verified: SPA, Oqood or DLD records, payment status, bathrooms, parking and service charges.