New homes in Mercedes-Benz Places — Binghatti City start at AED 1,600,000; keys are due Jun 2028; you pay 10% to book, 60% while it is built and 30% at the keys.
Keys
Jun 2028
The developer's handover date
Payment plan
10 / 60 / 30
10% to book, 60% while it is built, 30% at the keys
Bedrooms
Studio to 3 beds
Sizes
370 to 3,776 sq ft
Ownership
Freehold
Property types
Apartment
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 4,324 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
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
Now
Booking
10%
AED 160,000
Feb 2027
While it is built
10%
AED 160,000
Apr 2027
While it is built
10%
AED 160,000
Jul 2027
While it is built
10%
AED 160,000
Oct 2027
While it is built
10%
AED 160,000
Jan 2028
While it is built
10%
AED 160,000
Mar 2028
While it is built
10%
AED 160,000
Jun 2028
Keys
30%
AED 480,000
Booking payment, 10%
AED 160,000
Dubai Land Department fee (Oqood), 4%
AED 64,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 224,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
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.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.
Buildings in this area paid a median of AED 17 per sq ft a year in 2023, from 16 buildings on the Dubai Land Department register. For the smallest home (370 sq ft) that is about AED 6,000 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.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Al Merkadh 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
Studio apartmentFrom AED 1,600,000 here
Off-plan medianAED 1,014,000AED 2,268 per sq ft
Sales156
Too few sales to check: 11
1-bed apartment
Off-plan medianAED 1,624,000AED 2,076 per sq ft
Sales262
2-bed apartment
Off-plan medianAED 2,697,000AED 2,100 per sq ft
Sales145
3-bed apartment
Off-plan medianAED 3,950,000AED 2,051 per sq ft
Sales51
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
3.4%
Typical for similar ready homes
7.7%
Median rent of studio apartments in Al Merkadh
AED 54,000 a year
Rent contracts counted
3,218
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 54,000 a year
1-bed apartment
AED 85,000 a year
2-bed apartment
AED 140,000 a year
3-bed apartment
AED 190,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 54,000 ÷ AED 1,600,000 = 3.4%. 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
Creek Metro Station6.3 km, 12 min driveMetro station
North London Collegiate School2.6 km, 13 min driveSchool
Hartland International School2.8 km, 13 min driveBritish school
Dubai International School6.2 km, 16 min driveAmerican school
Indian International School7.3 km, 16 min driveIndian school
Binghatti's Mercedes-Benz Places — Binghatti City, a branded project in Nad Al Sheba, has apartments from AED 1,600,000 and handover listed for June 2028. The listing says studio to 3 beds, but the developer also lists 4- and 5-bedroom homes, so check which layouts are on sale.
This is a branded project: Binghatti is developing it with Mercedes-Benz Group AG as brand partner. The developer plans a district of several residential towers, with parks and green walkways, shopping streets, places to eat, sports and wellness areas, and spaces for culture and leisure. The listed handover is June 2028, about 19 months from now.
You pay 10% on booking, 60% during construction and 30% at handover. At the from price that is AED 160,000, AED 960,000 and AED 480,000. The listing gives no dates, so ask when the 60% construction payment falls due. Separately, the 4% DLD fee comes to AED 64,000; ask when it is due.
The bed range does not match the developer's unit list. The listing says studio to 3 bedrooms and 370 to 3,776 sq ft, but the developer lists studios of 370 sq ft, one-bedroom homes of 600 sq ft, four-bedroom homes of 3,022 sq ft and five-bedroom homes of 3,776 sq ft. No sizes are given for two or three bedrooms, so ask for those floor plans. Homes have balconies and built-in kitchen appliances, and shared facilities include a gym, a pool and a kids' pool.
North London Collegiate School is about 2.6 km away and Hartland International School about 2.8 km, each about 13 minutes by car. Business Bay is 5.8 km away, about 12 minutes by car, and Dubai Creek Harbour 5.0 km, about 14 minutes. The nearest metro, Creek Metro Station, is 6.3 km away, about a 12-minute drive.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Binghatti City – ST
Binghatti City – 1 BR
Binghatti City – 2 BR
Binghatti City – 3 BR
Binghatti City – 4 BR
Binghatti City – 5 BR
How prices moved
Median price of studio apartments in Al Merkadh, over the 12 months to each dateUp 26% from Dec 2024 to Sep 2026.
Dec 2024AED 1,798 per sq ft
Sep 2026AED 2,268 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 2,268 per sq ft
156 sales
Jun 2026
AED 2,214 per sq ft
118 sales
Mar 2026
AED 2,256 per sq ft
74 sales
Dec 2025
AED 2,334 per sq ft
122 sales
Sep 2025
AED 2,383 per sq ft
296 sales
Jun 2025
AED 2,477 per sq ft
518 sales
Mar 2025
AED 1,844 per sq ft
1,862 sales
Dec 2024
AED 1,798 per sq ft
2,279 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Who is behind the project?
Binghatti is the developer, and the project carries the Mercedes-Benz brand. It is in Nad Al Sheba.
Can foreigners buy here?
Yes. It is in a freehold area, so foreign buyers can own outright.
How much is due on booking?
10%, which is AED 160,000 at the from price. Separately, the 4% DLD fee comes to AED 64,000; ask when it is due.
Which layouts are available?
The listing says studio to 3 bedrooms, but the developer also lists 4- and 5-bedroom homes of 3,022 and 3,776 sq ft. Check the floor plans for what is on sale now.
When is handover?
The listed handover is June 2028. Ask for a construction update before you book.
How far is the metro?
Creek Metro Station is 6.3 km away, about 12 minutes by car.
