AED 1,700,000 was AED 2,000,000
| Deal type | Below OP |
| Price | AED 1,700,000 |
| Original price | AED 2,000,000 |
| Saving | AED 300,000 (15%) |
| Bedrooms | 1 |
| Type | Apartment |
| Status | Off-Plan |
| Developer | Binghatti Developers |
| Area / Master development | Business Bay |
| Sub-community / Phase | Binghatti Skyrise |
| Community | Business Bay |
A 1-bedroom apartment in Binghatti Skyrise, Business Bay at AED 1,700,000. The original purchase price was AED 2,000,000, representing a saving of AED 300,000 (15%). Off-plan with handover stated as December 2026. The agent brief does not specify the unit size.
The agent brief does not include the unit size. Published 1BR floor plans in Binghatti Skyrise range from 762 to 938 sqft across towers A, B and C. Based on the AED 2,000,000 OP, the unit is most likely the 831 sqft (AED 2,407 per sqft at OP) or 849 sqft (AED 2,356 per sqft at OP) variant. The smaller 762 sqft 1BR units have lower OPs. At AED 1,700,000 for an 849 sqft unit, the rate would be AED 2,002 per sqft.
The 15% discount is one of the deeper discounts observed in Binghatti Skyrise. Including the 4% DLD fee on the original purchase (AED 80,000), the seller's total loss is approximately AED 380,000.
Recent DLD 1BR transactions for Binghatti Skyrise (all off-plan):
The asking price of AED 1,700,000 falls within the DLD transaction range. The AED 1,400,000 and AED 1,625,000 transactions show that steep discounts are occurring in this building, particularly for smaller units and lower floors.
Active 1BR listings in Binghatti Skyrise:
If this unit is 849 sqft, AED 1,700,000 would be significantly below the AED 1,940,000 to AED 1,985,000 range for that size. If 762 sqft, it would be between the AED 1,650,000 and AED 1,900,000 listings.
Binghatti Skyrise comprises three 48-storey towers (Tower A, Tower B, Tower C) with diamond-shaped crowns, located along the Dubai Water Canal in Business Bay. Developed by Binghatti Developers, it is described as Business Bay's first mega-development. The project offers studios, 1BR to 3BR apartments with retail on the lower floors.
The asking price, OP and December 2026 handover are from the agent brief. The 15% discount and AED 300,000 saving are verified (2,000,000 minus 1,700,000). The unit size, tower, floor and view are not specified. Buyers should verify all of these from the SPA or title deed. The tower is important as handover timing and view orientation vary.
Recent DLD 1BR transactions for Binghatti Skyrise include AED 2,039,999 for 849 sqft (Tower B, 22 Sep 2026), AED 1,905,000 for 831 sqft (Tower A, 11 Sep 2026), AED 1,625,000 for 831 sqft (Tower A, 10 Sep 2026) and AED 1,400,000 for 762 sqft (Tower B, 29 Sep 2026). The asking price of AED 1,700,000 falls within the transacted range and is below most comparable transactions.
The agent brief does not state the unit size. Published 1BR floor plans in Binghatti Skyrise show sizes of 762, 831, 849 and 938 sqft. Based on the AED 2,000,000 OP, the unit is most likely the 831 or 849 sqft variant (AED 2,407 or AED 2,356 per sqft at OP). The smaller 762 sqft units have lower OPs. Buyers should confirm the exact size from the SPA or title deed.
The stated OP of AED 2,000,000 and selling price of AED 1,700,000 give a 15% discount (AED 300,000 saving). DLD data supports this: a 849 sqft unit transacted at AED 2,039,999 in September 2026, consistent with a AED 2M launch price. Active listings for 849 sqft 1BR units start at AED 1,940,000. At AED 1,700,000, this would be the lowest priced 1BR in the building if for a comparable size.
The agent states December 2026. Property Finder, Bayut and Metropolitan all indicate the official handover is Q4 2026. This is consistent. However, a previous agent listing for a studio in the same building stated Q4 2027, suggesting potential delays. Buyers should confirm the current timeline.
Buyers should confirm the unit size (not stated in brief), which tower (A, B or C) the unit is in, the exact floor and view orientation, and the remaining payment schedule. The 15% discount is significant but size-dependent in terms of per-sqft value.
Buyer costs
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Off-plan: UAE lenders generally finance at handover. Plan the position you will be in.
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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