Property

Binghatti Wraith by Binghatti Developers

Location: Al Jaddaf, Dubai

Al Jaddaf is one of Dubai's most strategically positioned mid-city neighbourhoods — a waterfront district on the eastern bank of the Dubai Creek, sitting directly between Downtown Dubai and Dubai Healthcare City. The area has undergone significant transformation over the past decade, evolving from an industrial and marine services base into a mixed-use urban address attracting residential towers, hotels, and cultural institutions. Its proximity to the city's most visited destinations, combined with strong internal road infrastructure, makes it one of the most compelling retail catchment locations in mid-city Dubai.

The district's resident and visitor base is growing rapidly. Al Jaddaf's increasing residential density — driven by a wave of new tower completions — supports consistent daily footfall for ground-floor retail, while the surrounding hospitality and healthcare clusters bring an additional transient population throughout the week. Dubai Mall, the Burj Khalifa, and the Dubai Opera are all within a 6-minute drive — a proximity that few mid-city addresses can match without the rental premium of Downtown itself.

Binghatti Wraith is positioned within this established and expanding urban ecosystem, with retail at the base of a high-profile residential tower designed to draw significant attention to its address.

Project Overview

Resort-Style Living with Integrated Ground-Floor Retail

Binghatti Wraith is a landmark residential tower by Binghatti, one of Dubai's most prolific and recognisable developers, known for delivering architecturally distinctive, design-led towers at pace across the city. The project brings Binghatti's signature resort-style living concept to Al Jaddaf — a vibrant, high-connectivity address that combines the calm of a waterfront neighbourhood with immediate access to Downtown Dubai.

The development offers a residential mix spanning studios, 1-bedroom, 2-bedroom, and Royal Suite configurations across 2-bedroom and 3-bedroom formats — a range designed to attract both owner-occupiers and investors, creating a resident base with diverse lifestyle and retail spending patterns. Ground-floor and podium retail is integrated into the building's base, positioned to serve residents, hotel guests, and the wider Al Jaddaf catchment.

Building Configuration

Structure
- High-rise residential tower with ground-floor retail podium
- Resort-style amenity programming throughout
- Iconic Binghatti architectural facade
Ground Level
- 34 retail units across F&B and convenience/service categories
- Direct street-facing frontage with pedestrian access
Residential Mix
- Studios: From 341 sq. ft. — from AED 799,999
- 1-Bedroom: From 662 sq. ft. — from AED 1,299,999
- 2-Bedroom: From 1,112 sq. ft. — from AED 2,099,999
- 2-Bedroom Royal Suite: From 1,884 sq. ft. — from AED 2,499,999
- 3-Bedroom Royal Suite: From 2,563 sq. ft. — from AED 3,499,999

Retail Overview

Availability: 34 retail units across ground level
Unit Categories: F&B units and convenience/service units
Unit Sizes: 709.8 sq. ft. to 3,223.7 sq. ft.
Starting Price: From approximately AED 3,800 PSF *******CONTACT US FOR SPECIAL NEGOTIATED PRICE
Payment Plan: TBC
Completion: TBC
Frontage: Direct street-level visibility with active pedestrian access from the tower's residential population and surrounding Al Jaddaf catchment

Project Amenities

***Details of the full amenity programme for Binghatti Wraith are to be confirmed.

Binghatti's resort-style developments typically feature:

Infinity pool and pool deck
Fully equipped gymnasium
Landscaped podium and outdoor leisure areas
Concierge and building management services
Retail and F&B at ground level serving residents and the surrounding community

***Full amenity list to be confirmed upon official project launch.

Design & Finishes

Binghatti's signature iconic architectural facade — bold, sculptural, and visually distinctive at street level
Resort-style design language carried through all common areas and podium spaces
Ground-floor retail units positioned for maximum street presence and frontage visibility
Contemporary interior specifications consistent with Binghatti's established delivery standards
Specific finish specifications to be confirmed upon official project documentation release

Views

Ground-floor retail frontage faces the primary street approach and pedestrian circulation of the Al Jaddaf address
Upper residential floors enjoy views across the Dubai Creek waterfront and toward the Downtown Dubai skyline
The Burj Khalifa is visible from upper floors — an address feature that reinforces the project's premium positioning
Al Jaddaf's mid-rise context provides open sightlines not available in the denser Downtown corridor

Location

Al Jaddaf: Downtown Proximity Without Downtown Density

Al Jaddaf occupies a rare position in Dubai's urban geography — close enough to Downtown to benefit from its gravitational pull, but independent enough to operate as its own distinct address. The neighbourhood sits on the Dubai Creek waterfront, bordered by Dubai Healthcare City, Festival City, and the Ras Al Khor Wildlife Sanctuary, giving it a mixed-use urban character that attracts a diverse and expanding population of residents, healthcare workers, hotel guests, and cultural visitors.

For retail operators, Al Jaddaf's appeal lies in the combination of a rapidly growing captive resident base, high transient footfall from the adjacent hospitality and healthcare clusters, and direct connectivity to the city's most visited landmarks — all without the occupancy cost of a Downtown address. The district's transformation is ongoing, with continued residential and commercial development reinforcing its position as one of mid-city Dubai's most active growth corridors.

Connectivity

Al Jaddaf Metro Station (Green Line): Direct metro access connecting Al Jaddaf to Dubai Healthcare City, Business Bay, and the wider Green Line network
Oud Metha Road: Primary local arterial linking northward to Al Jaddaf and southward toward Umm Hurair and Bur Dubai
Al Khail Road (E44): Fast access north toward Downtown Dubai, Business Bay, and the financial district, and south toward Dubai Hills, Expo City, and Al Maktoum International Airport
Sheikh Zayed Road (E11): Accessible via Al Khail Road interchange — connecting the full length of Dubai's commercial spine

Proximity to Landmarks

6 minutes — Burj Khalifa, Dubai Mall
Walking distance / minutes — Al Jaddaf Metro Station (Green Line)
10 minutes — Dubai International Airport, Dubai Creek Harbour, Festival City Mall
15 minutes — Dubai International Financial Centre, Business Bay
20 minutes — Palm Jumeirah, Dubai Marina

***Travel times are approximate and may vary with traffic conditions. The 6-minute figure to Burj Khalifa and Dubai Mall is as stated in the developer's brief.

Al Jaddaf's combination of waterfront character, metro connectivity, and proximity to Downtown Dubai makes Binghatti Wraith's retail units a compelling opportunity for F&B and convenience operators seeking a high-footfall address at a price point below the Downtown premium.

Illustrative model

Scenario modeller

Set your own assumptions and see how Binghatti Wraith Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Handover

TBC

Not stated on this listing. A unit that has not completed cannot be let, so set the time to handover below to the date the developer confirms.

Payment plan

TBC

As published on this listing. The model below assumes the purchase price and all acquisition costs are paid at the outset; a staged plan defers part of the outlay, which raises the IRR on the same total profit. Treat the return figures as the unstaged case.

Purchase

Purchase price

The price you are actually considering.

Unit size

Drives the service charge only.

Time to handover

Rent and service charge both start here.

Holding & income

Gross annual rent

Your figure — we have not assumed one.

Rent growth

0% holds rent flat. It may be negative.

Vacancy allowance

8% is roughly a month plus re-letting.

Maintenance & management

Letting fees and routine repairs.

Service charge

Replace with the building's own schedule.

Acquisition costs

DLD transfer fee

4% is the Dubai standard.

Agency fee

Buyer-side. 5% VAT added.

Conveyancing, trustee & admin

Trustee, title deed, NOC.

Exit

Holding period

1 to 40 years.

Exit price growth

0% by default: we publish no price forecasts.

Sale agency fee

5% VAT added automatically.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are actually considering.

How each figure is calculated

Handover: The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield: Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield: (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth: Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI: Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE: Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return: Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR: The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.

Location

Binghatti Wraith — Al Jaddaf, Dubai

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Binghatti Wraith Retail

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Binghatti Wraith by Binghatti Developers

Location: Al Jaddaf, Dubai

Project Overview

Resort-Style Living with Integrated Ground-Floor Retail

Building Configuration

Retail Overview

Project Amenities

Design & Finishes

Views

Location

Al Jaddaf: Downtown Proximity Without Downtown Density

Proximity to Landmarks

Scenario modeller

Location

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