Off-Plan Studio with Canal and Burj View in Binghatti Skyhall, Business Bay – At Original Price

Property Overview

This off-plan studio in Binghatti Skyhall, Business Bay, Dubai, is offered at AED 1,150,000 for 524 sq ft of built-up area, the same as the seller's original purchase price. The agent describes a high-floor unit with views of the Dubai Water Canal and Burj Khalifa, a 70/30 payment plan and handover in March 2027.

Property Highlights

• Property type: Studio apartment
• Built-up area: 524 sq ft
• Asking price: AED 1,150,000
• Original purchase price (agent-stated): AED 1,150,000
• Premium over original price: none
• Asking rate: approximately AED 2,195 per sq ft
• Floor: high floor (agent-stated)
• View: canal and Burj Khalifa (agent-stated)
• Payment plan: 70/30 (agent-stated)
• Handover: March 2027 (agent-stated)
• Developer: Binghatti Developers

Why This Is Classed as Off-Plan Distress

The seller is offering this off-plan studio at exactly its original purchase price of AED 1,150,000, without adding a resale premium. Because Binghatti Skyhall is still under construction and the seller is exiting before completion at cost, DPF classifies it as an Off-Plan Distress resale. Dividing the price by 524 sq ft gives an asking rate of about AED 2,195 per sq ft.

This is not a below-original-price sale; the asking price equals the original price. The buyer would also pay a new DLD transfer fee of about AED 46,000 at 4% of the price, plus agency and trustee fees. The benchmark is the seller's original price as supplied in the agent brief received on 15 October 2026, not a DLD transaction record or independent valuation.

About the Project, Developer and Community

Binghatti Skyhall is a 34-storey residential tower by Binghatti Developers in Business Bay, with three basement parking levels and an estimated 728 studios and one-bedroom apartments, plus ground-level retail. Published project information lists facilities including a swimming pool, a children's pool and playground, a jogging track, a lobby lounge and a sun deck. Final amenity delivery should be confirmed against Binghatti's handover documentation.

Business Bay is a central mixed-use district along the Dubai Water Canal, next to Downtown Dubai and Burj Khalifa.

Layout, Floor and View

The agent confirms a 524 sq ft studio on a high floor with canal and Burj Khalifa views. The exact floor, bathroom layout and parking were not supplied, and DPF has not assumed them. Request the floor plan and Oqood to confirm the unit details, and confirm the view from the unit's floor level.

Payment Plan and Handover

The agent states the unit is on a 70/30 payment plan with handover in March 2027. Published project information showed an earlier completion estimate of Q4 2026, so confirm the current date with Binghatti. The amount already paid and the remaining balance were not supplied. Buyers should obtain the SPA, Oqood and statement of account to confirm the amount paid, the balance due on handover and the developer's NOC and resale conditions.

Location and Connectivity

Business Bay has road access to Sheikh Zayed Road, Al Khail Road and Al Saada Street, and is served by the Business Bay metro station. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: building, community, property type, size, original price, asking price, high floor, canal and Burj view, 70/30 payment plan and March 2027 handover.
• DPF-calculated figures: price per sq ft and new DLD fee.
• External research: building facts from published project information, not unit-specific records.
• Not supplied: unit number, exact floor, parking, amount paid and instalment schedule.