New homes in Vision Iconic start at AED 2,600,000; keys are due Sep 2028; you pay 50% to book, 20% while it is built and 30% at the keys.
Keys
Sep 2028
The developer's handover date
Payment plan
50 / 20 / 30
50% to book, 20% while it is built, 30% at the keys
Bedrooms
1 to 5 beds
Sizes
618 to 3,776 sq ft
Ownership
Freehold
Property types
Apartment 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 4,207 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 50% when you book, 20% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
50%
AED 1,300,000
Feb 2027
While it is built
2.9%
AED 74,286
May 2027
While it is built
2.9%
AED 74,286
Jul 2027
While it is built
2.9%
AED 74,286
Oct 2027
While it is built
2.9%
AED 74,286
Jan 2028
While it is built
2.9%
AED 74,286
Apr 2028
While it is built
2.9%
AED 74,286
Jun 2028
While it is built
2.9%
AED 74,286
Sep 2028
Keys
30%
AED 780,000
Booking payment, 50%
AED 1,300,000
Dubai Land Department fee (Oqood), 4%
AED 104,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,404,000
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 (618 sq ft) that is about AED 11,000 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
1-bed apartmentFrom AED 2,600,000 here
Off-plan medianAED 1,624,000AED 2,076 per sq ft
Sales262
Too few sales to check: 21
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
4-bed apartment
Off-plan medianToo few sales for a median
Sales11
5-bed apartment
Off-plan medianToo few sales for a median
Sales0
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
3.3%
Typical for similar ready homes
6.3%
Median rent of 1-bed apartments in Al Merkadh
AED 85,000 a year
Rent contracts counted
3,380
Rented between
Apr 1, 2025 and Mar 31, 2026
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 85,000 ÷ AED 2,600,000 = 3.3%. 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
Half the price of a home in Vision Iconic is due on booking, which is AED 1,300,000 at the from price of AED 2,600,000. The Binghatti tower in Nad Al Sheba carries the Mercedes-Benz name, has one- to five-bedroom apartments and duplexes, and has a listed handover of September 2028.
The plan is 50% on booking, 20% during construction and 30% at handover. At the from price that is AED 1,300,000, AED 520,000 and AED 780,000, so AED 1,820,000 is paid before handover. The listed handover is September 2028, about 22 months away. Separately, the 4% DLD fee comes to AED 104,000; ask when it is due.
Binghatti describes a tower with 65 residential floors. The project carries the Mercedes-Benz name, and the listing tags it as branded residences. Homes run from one to five bedrooms, as apartments and duplexes, with sizes from 618 to 3,776 sq ft. The developer lists walk-in closets, built-in wardrobes and balconies; ask which of these come with your unit.
Shared facilities named include a pool the developer calls an infinity pool, a jacuzzi, yoga spaces outdoors, a gym and sports facilities. The developer also lists valet parking and concierge services. Ask what the service charge will cover.
North London Collegiate School is about 2.6 km away and Hartland International School about 2.8 km. Dubai Creek Harbour is about 5.0 km away, Business Bay about 5.8 km and Creek Metro Station about 6.3 km. By our estimate, Business Bay and Creek Metro Station are each about 12 minutes by car.
