1BR with Large Balcony in Binghatti Skyrise Tower A, Below OP

Property Overview

This one-bedroom apartment in Tower A of Binghatti Skyrise, Business Bay, is listed at AED 1,690,000, just under its original purchase price of AED 1,700,000. The unit measures 762 sq ft, has a large balcony, and is priced at about AED 2,218 per sq ft. The project is still under construction.

Property Highlights

• Asking price: AED 1,690,000
• Original purchase price: AED 1,700,000 (agent-stated)
• Below OP: AED 10,000 (0.6%)
• Bedrooms: 1
• Built-up area: 762 sq ft
• Price per sq ft: AED 2,218 (versus AED 2,231 at OP)
• Building: Binghatti Skyrise, Tower A
• Feature: Large balcony

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 1,700,000. The asking price of AED 1,690,000 is AED 10,000 lower, a 0.6% discount. The price is technically below OP, but the margin is small. Buyers should treat this as a resale at roughly the original price, not a deep discount. The benchmark comes from the agent's brief. Confirm it against the SPA or Oqood before paying any deposit.

About Binghatti Skyrise and Business Bay

Binghatti Skyrise is a Binghatti Developers project in Business Bay, beside the Dubai Water Canal. Public project listings describe three towers with studio to three-bedroom apartments and resort-style amenities, including an infinity pool, sports courts, a gym, children's play areas and landscaped gardens. Business Bay is a central mixed-use district next to Downtown Dubai, with direct access to Sheikh Zayed Road and Al Khail Road.

Layout, Floor and View

The agent supplied the bedroom count, the 762 sq ft size and the large balcony. Floor level, view, bathrooms and unit number were not supplied and should be checked against the floor plan.

Payment Plan and Handover

Public project listings show Binghatti Skyrise scheduled for handover around Q4 2026, under a plan with a final payment due at handover. The brief does not state how much the seller has paid or what is still owed. A buyer taking over this unit may need to fund the handover instalment soon after transfer. Request the Binghatti statement of account and confirm the current handover date before agreeing terms.

Verification Notes

• Agent-supplied facts: building and tower, community, 1-bedroom layout, 762 sq ft, large balcony, original purchase price and asking price.
• DPF-calculated figures: discount amount and percentage, and price per sq ft at the asking price and at OP.
• External research: tower count, unit range, amenities, payment structure and projected handover come from public project listings, not a Binghatti document.
• Not supplied: floor, view, amount paid and outstanding balance.