New homes in Mercedes-Benz Places start at AED 8,800,000; keys are due Dec 2026; you pay 10% to book, 60% while it is built and 30% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 35 off-plan sales of 2-bed apartments of 931 sq ft to 3,142 sq ft in Mercedes-Benz Places | Binghatti. Their median price is AED 4,797 per sq ft (about AED 7,608,000 at 1,586 sq ft). This project's from price is AED 5,549 per sq ft (AED 8,800,000 for its smallest home, 1,586 sq ft), 16% more.
Keys
Dec 2026
The developer's handover date
Payment plan
10 / 60 / 30
10% to book, 60% while it is built, 30% at the keys
Bedrooms
2 to 5 beds
Sizes
1,586 to 14,136 sq ft
Ownership
Freehold
Property types
Apartment, Penthouse, and Duplex
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 5,549 per sq ft
Similar off-plan homes: AED 4,797 per sq ft
RERA project
2545
Check it in Dubai REST, the Dubai Land Department's official app.
Built
26%
Being built. DLD register, Jun 12, 2026
Completion on the register
Dec 2026
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
مصرف الشارقه الاسلامى
The bank that holds your payments
Registered homes
163
In 1 buildings
Paying for it
You pay 10% when you book, 60% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
10%
AED 880,000
As it is built
While it is built
60%
AED 5,280,000
At the keys (Dec 2026)
Keys
30%
AED 2,640,000
Booking payment, 10%
AED 880,000
Dubai Land Department fee (Oqood), 4%
AED 352,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,232,000
The handover date (Dec 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Check the developer's record.
The Dubai Land Department project register lists 30 finished projects by this developer since 2015. 29 of the 30 were finished by the completion date DLD holds now. DLD replaces that date when a project is given more time and keeps no earlier dates, so this can't show which ones ran late.
Budget for the service charge.
Buildings in this area paid a median of AED 26 per sq ft a year in 2023, from 22 buildings on the Dubai Land Department register. For the smallest home (1,586 sq ft) that is about AED 41,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 35 off-plan sales of 2-bed apartments of 931 sq ft to 3,142 sq ft in Mercedes-Benz Places | Binghatti, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in Mercedes-Benz Places | Binghatti sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 35 off-plan sales of 2-bed apartments of 931 sq ft to 3,142 sq ft in Mercedes-Benz Places | Binghatti, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 4,797 per sq ft
AED 2,073 to AED 2,821 per sq ft
1 sale
AED 2,821 to AED 3,569 per sq ft
4 sales
AED 3,569 to AED 4,318 per sq ft
5 sales
AED 4,318 to AED 5,066 per sq ft
15 sales
AED 5,066 to AED 5,814 per sq ft
2 sales
This project's from price is in this band.
AED 5,814 to AED 6,562 per sq ft
7 sales
AED 6,562 to AED 7,310 per sq ft
0 sales
AED 7,310 to AED 8,059 per sq ft
1 sale
AED 2,073 per sq ftAED 8,059 per sq ft
This project AED 5,549 per sq ft
Half of the sales sold for AED 4,119 to AED 5,249 per sq ft
The median is the middle sale: half sold for less, half for more.
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Price per sq ft
Sales
AED 2,073 to AED 2,821 per sq ft
1
AED 2,821 to AED 3,569 per sq ft
4
AED 3,569 to AED 4,318 per sq ft
5
AED 4,318 to AED 5,066 per sq ft
15
AED 5,066 to AED 5,814 per sq ft
2
AED 5,814 to AED 6,562 per sq ft
7
AED 6,562 to AED 7,310 per sq ft
0
AED 7,310 to AED 8,059 per sq ft
1
The 3 closest sales
Picked from the 35 similar sales above, closest in size to this project's smallest home.
Oct 2025AED 12,000,000AED 6,534 per sq ftMercedes-Benz Places/Binghatti, 1,837 sq ft
Oct 2025AED 11,500,000AED 6,262 per sq ftMercedes-Benz Places/Binghatti, 1,837 sq ft
Sep 2025AED 9,200,000AED 5,009 per sq ftMercedes-Benz Places/Binghatti, 1,837 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Downtown Dubai in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
2-bed apartmentFrom AED 8,800,000 here
Off-plan medianAED 4,770,000AED 3,364 per sq ft
Sales282
16% above 35 similar sales
3-bed apartment
Off-plan medianAED 14,051,000AED 4,587 per sq ft
Sales73
4-bed apartment
Off-plan medianAED 28,322,000AED 5,399 per sq ft
Sales36
5-bed apartment
Off-plan medianToo few sales for a median
Sales2
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
2.2%
Typical for similar ready homes
5.2%
Median rent of 2-bed apartments in Downtown Dubai
AED 195,000 a year
Rent contracts counted
2,132
Rented between
Apr 1, 2025 and Mar 31, 2026
2-bed apartment
AED 195,000 a year
3-bed apartment
AED 310,000 a year
4-bed apartment
AED 1,500,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 195,000 ÷ AED 8,800,000 = 2.2%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Burj Khalifa/Dubai Mall Metro Station1.8 km, 6 min driveMetro station
Mandarin Oriental4.4 km, 9 min driveBeach
Business Bay creek front750 m, 13 min walkWaterfront
Hartland International School2.6 km, 10 min driveSchool
Dubai International School2.7 km, 8 min driveAmerican school
Mercedes-Benz Places is a Binghatti branded tower in Downtown Dubai with 2- to 5-bedroom apartments, duplexes and penthouses from AED 8,800,000, and handover listed for December 2026. The price check puts the from price per square foot 16% above 35 similar two-bedroom sales in this project over the 24 months to October 2026.
Two things matter here. The listed handover is December 2026, next month at the time of writing, so ask Binghatti whether the tower has its completion certificate and when handover will happen. Then there is the price check: the from price per square foot is 16% above 35 similar two-bedroom sales in this project over the 24 months to October 2026.
The plan is 10% on booking, 60% during construction and 30% on handover. At the from price that is AED 880,000, AED 5,280,000 and AED 2,640,000. With handover listed for next month, ask how much of the 60% is now due. Separately, the 4% DLD fee comes to AED 352,000; ask when it is due.
The tower is listed at 65 floors and 341 m. The listing gives 2 to 5 bedrooms and 1,586 to 14,136 sq ft, so ask for the floor plan of the unit you are offered. The developer's text also says all residences have private pools; confirm that for your unit.
By our map, a polyclinic is about 320 m away, a 5-minute walk by our estimate, and the Business Bay creek front about 730 m. Burj Khalifa/Dubai Mall Metro Station is about 1.8 km away, around 6 minutes by car. Hartland International School is about 2.6 km away, Dubai International School about 2.7 km and JSS School about 2.8 km.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
2 BR
3 BR
4 BR
5 BR
How prices moved
Median price of 2-bed apartments in Downtown Dubai, over the 12 months to each dateUp 21% from Dec 2024 to Sep 2026.
Dec 2024AED 2,782 per sq ft
Sep 2026AED 3,364 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 3,364 per sq ft
282 sales
Jun 2026
AED 3,232 per sq ft
319 sales
Mar 2026
AED 3,130 per sq ft
371 sales
Dec 2025
AED 2,995 per sq ft
431 sales
Sep 2025
AED 2,821 per sq ft
389 sales
Jun 2025
AED 2,798 per sq ft
495 sales
Mar 2025
AED 2,804 per sq ft
548 sales
Dec 2024
AED 2,782 per sq ft
558 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Who is building Mercedes-Benz Places?
Binghatti, with Mercedes-Benz branding. The tower is in Downtown Dubai and is freehold.
When is handover?
The listed handover is December 2026, next month. Ask Binghatti for the completion certificate and the handover date before you pay.
How does the price compare with similar sales in this project?
The from price per square foot is 16% above 35 similar two-bedroom sales in this project over the 24 months to October 2026.
How much is each payment at the from price?
AED 880,000 on booking (10%), AED 5,280,000 during construction (60%) and AED 2,640,000 on handover (30%). Separately, the 4% DLD fee comes to AED 352,000; ask when it is due.
What sizes are the homes?
The listing gives 1,586 to 14,136 sq ft; ask for the floor plan of the unit you are offered. Ask for the floor plan of the exact unit.
