1-Bedroom Canal and Pool View Apartment in Binghatti Skyrise, Below Original Price

Property Overview

This 1-bedroom off-plan apartment in Binghatti Skyrise, Business Bay, Dubai, is offered at AED 1,600,000 for 762 sq ft of built-up area, or about AED 2,100 per sq ft. The agent reports canal and pool views and handover expected in 2027, and states the price is below the original purchase price. The original price figure has not been supplied.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 762 sq ft
• Asking price: AED 1,600,000
• Discount to original price: below OP (agent-stated; figure not supplied)
• Asking rate: approximately AED 2,100 per sq ft
• View: canal and pool (agent-stated)
• Status: off-plan, expected handover 2027
• Developer: Binghatti Developers

Why the Price Qualifies as Below OP

The agent states the asking price is below the original purchase price, but the original price figure has not been supplied to DPF, so the saving cannot yet be shown or confirmed. Buyers should request the SPA or Oqood to see the original price before committing. The comparison is with what the seller originally paid, 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 762 sq ft with views of the canal and pool. Tower, floor, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Payment Plan and Handover

Handover is expected in 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, Business Bay, 1-bedroom apartment, 762 sq ft, canal and pool view, 2027 handover, below original price and AED 1,600,000 asking price.
• DPF-calculated figure: approximately AED 2,100 per sq ft.
• Not yet supplied: original price figure, tower, floor, payment details, bathrooms and parking.