3 Bedroom Burj View Apartment in Binghatti Skyrise Tower B, Business Bay

Property Overview

This three-bedroom off-plan apartment in Binghatti Skyrise Tower B, Business Bay, is offered as a price-reduced distress resale at AED 3,430,000. The agent compares this with the seller's original price plus DLD of AED 4,336,799, a saving of AED 906,799 or 20.9%. The 1,988 sq ft unit sits on a high floor with a Burj Khalifa view and is listed for Q1 2027 handover.

Property Highlights

• Property type: Apartment
• Bedrooms: 3
• Built-up area: 1,988 sq ft
• Asking price: AED 3,430,000 (reduced)
• Original price including DLD: AED 4,336,799 (agent-stated)
• Saving vs OP plus DLD: AED 906,799 (20.9%)
• Estimated saving vs OP before DLD: approx. AED 739,999 (17.7%)
• Price per sq ft: approx. AED 1,725 (calculated)
• Floor: High floor (agent-stated)
• View: Burj Khalifa (agent-stated)
• Handover: Q1 2027 (agent-stated)
• Developer: Binghatti Developers

Why the Price Qualifies as Below OP

The agent states the seller's original cost including the 4% DLD fee was AED 4,336,799 and that the asking price is 20.9% below it, a saving of AED 906,799. DPF's calculation confirms both figures.

Removing the DLD fee gives an estimated original purchase price of approximately AED 4,169,999. Against that estimate, the asking price is about AED 739,999 or 17.7% lower, so the unit remains below OP on either measure.

Calculation

• AED 4,336,799 minus AED 3,430,000 = AED 906,799 (20.9% below OP plus DLD)
• AED 4,336,799 / 1.04 = approx. AED 4,169,999 estimated OP before DLD
• AED 4,169,999 minus AED 3,430,000 = approx. AED 739,999 (17.7% below estimated OP)
• AED 3,430,000 / 1,988 sq ft = approx. AED 1,725 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

About the Project, Developer and Community

Binghatti Skyrise is a multi-tower residential project by Binghatti Developers in Business Bay, the central mixed-use district along the Dubai Water Canal next to Downtown Dubai.

Layout, Floor and View

The agent confirms a three-bedroom layout of 1,988 sq ft on a high floor with a Burj Khalifa view. The exact floor, bathroom count and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent lists handover as Q1 2027. The payment plan and amount paid were not supplied. Buyers should confirm the remaining balance, instalment schedule, handover date and Binghatti's resale NOC requirements against the seller's SPA.

Location and Connectivity

Business Bay sits beside Downtown Dubai with access to Sheikh Zayed Road, Al Khail Road and Al Saada Street, and is served by Business Bay Metro Station on the Red Line. Travel times depend on traffic.

Verification Notes

• Agent-supplied facts: project, Tower B, three bedrooms, 1,988 sq ft BUA, OP plus DLD AED 4,336,799, asking price AED 3,430,000, 20.9% and AED 906,799 stated saving, high floor, Burj view and Q1 2027 handover.
• Calculated by DPF: savings against OP plus DLD, estimated OP before DLD and price per sq ft.
• External context: developer and community overview.
• Not supplied: exact floor, bathrooms, parking, payment plan, amount paid and service charge.