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 Nov 9, 2026, Dubai Land Department recorded 34 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 4,805 per sq ft (about AED 7,620,000 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), 15% 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
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 5,549 per sq ft
Similar off-plan homes: AED 4,805 per sq ft
RERA project
2545
Check it in Dubai REST, the Dubai Land Department's official app.
Built
65%
Being built. DLD register, Nov 11, 2026
Completion on the register
Dec 2026
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
مصرف الشارقه الاسلامى
The bank that holds your payments
Registered homes
163
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
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
Paid by then
When you bookBooking · 10%
Booking
10%
AED 880,000+ AED 352,000 DLD fee
AED 1,232,000
As it is builtWhile it is built · 60%
While it is built
60%
AED 5,280,000
AED 6,512,000
At the keys (Dec 2026)Keys · 30%
Keys
30%
AED 2,640,000
AED 9,152,000
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
Total costPrice plus the DLD fee
AED 9,152,000
The handover date (Dec 2026) is too close or already past to estimate the dates. Ask the developer for its current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
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 37 finished projects by this developer since 2015. 31 of the 37 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. Since Jun 12, 2026, DLD has moved the completion date of 1 of their 41 projects under way, by 2 months on average.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
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 34 off-plan sales of 2-bed apartments of 931 sq ft to 3,142 sq ft in Mercedes-Benz Places | Binghatti, from Nov 10, 2024 to Nov 9, 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 34 off-plan sales of 2-bed apartments of 931 sq ft to 3,142 sq ft in Mercedes-Benz Places | Binghatti, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 4,805 per sq ft
AED 3,079 to AED 3,701 per sq ft
4 sales
AED 3,701 to AED 4,324 per sq ft
5 sales
AED 4,324 to AED 4,946 per sq ft
14 sales
AED 4,946 to AED 5,569 per sq ft
5 sales
This project's from price is in this band.
AED 5,569 to AED 6,191 per sq ft
1 sale
AED 6,191 to AED 6,814 per sq ft
4 sales
AED 6,814 to AED 7,436 per sq ft
0 sales
AED 7,436 to AED 8,059 per sq ft
1 sale
AED 3,079 per sq ftAED 8,059 per sq ft
This project AED 5,549 per sq ft
Half of the sales sold for AED 4,195 to AED 5,158 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 3,079 to AED 3,701 per sq ft
4
AED 3,701 to AED 4,324 per sq ft
5
AED 4,324 to AED 4,946 per sq ft
14
AED 4,946 to AED 5,569 per sq ft
5
AED 5,569 to AED 6,191 per sq ft
1
AED 6,191 to AED 6,814 per sq ft
4
AED 6,814 to AED 7,436 per sq ft
0
AED 7,436 to AED 8,059 per sq ft
1
The 3 closest sales
Picked from the 34 similar sales above, closest in size to this project's smallest home.
Nov 2026AED 9,500,000AED 5,173 per sq ftMercedes-Benz Places/Binghatti, 1,837 sq ft
Oct 2026AED 9,400,000AED 5,118 per sq ftMercedes-Benz Places/Binghatti, 1,837 sq ft
Oct 2025AED 12,000,000AED 6,534 per sq ftMercedes-Benz Places/Binghatti, 1,837 sq ft
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
15% above 34 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
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
2.2%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
1.7%
Typical gross yield of similar ready homes
5.2%
Median rent of 2-bed apartments in Downtown Dubai
AED 195,000 a year
Service charge a year, from the keysThe area median, AED 26 per sq ft from 22 buildings, as of 2023, for the smallest home (1,586 sq ft)
AED 41,236
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 15% above 34 similar two-bedroom sales in this project over the 24 months to November 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 15% above 34 similar two-bedroom sales in this project over the 24 months to November 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 the developer 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
Show as tableShow as chart
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 only.
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 15% above 34 similar two-bedroom sales in this project over the 24 months to November 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.
