Bulk Portfolio of 54 Apartments in Binghatti Skyhall, Business Bay, 15% Below Original Price

Property Overview

A portfolio of 54 apartments in Binghatti Skyhall, Business Bay, Dubai, is offered as a bulk sale from a single owner at AED 1,700,000 per unit. That is AED 300,000 below the agent-stated original purchase price of AED 2,000,000 per unit, a 15.0% reduction. The combined asking price for all 54 units is AED 91,800,000. The agent reports Burj Khalifa and community views, with handover expected in October 2026.

Portfolio Highlights

• Property type: Apartments (bulk portfolio)
• Number of units: 54 (single owner)
• Asking price: AED 1,700,000 per unit
• Original price (agent-stated): AED 2,000,000 per unit
• Saving versus original price: AED 300,000 (15.0%) per unit
• Combined asking price: AED 91,800,000
• Combined original price: AED 108,000,000
• Views: Burj Khalifa and community (agent-stated)
• Expected handover: October 2026
• Developer: Binghatti Developers

Why the Price Qualifies as Below OP

The portfolio is classified as Below OP because the per-unit asking price of AED 1,700,000 is lower than the per-unit original purchase price of AED 2,000,000 stated in the agent's brief. The difference is AED 300,000 per unit, or 15.0%, and AED 16,200,000 across all 54 units.

The brief gives a single price and original price per unit. It does not say whether all 54 units share the same layout and size, or whether these figures are averages across a mixed portfolio. The original prices have not yet been checked against the SPAs, Oqood or DLD records, and the comparison is with what the owner originally paid, not a claim that the units are below current market value.

About the Project, Developer and Community

Binghatti Skyhall is a residential project 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 and the Burj Khalifa.

Unit Mix, Floors and Views

The agent reports Burj Khalifa and community views across the portfolio. The unit mix (studios, bedroom counts), sizes, floors and the split between view types were not supplied. Ask the DPF team for the full unit schedule before making an offer.

Payment Plan and Handover

Handover is expected in October 2026, according to the agent. The amounts paid and outstanding on each unit were not supplied. A bulk buyer should confirm the payment status, transfer and NOC fees and handover timing for every unit against the SPAs and Binghatti's statements of account.

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 Skyhall, Business Bay, 54 units from one owner, AED 1,700,000 per unit against an original AED 2,000,000 per unit, Burj Khalifa and community views, October 2026 handover.
• DPF-calculated figures: AED 300,000 (15.0%) saving per unit and combined totals for 54 units.
• Not yet supplied: unit schedule, sizes, bedroom mix, floors, payment status and service charges.