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PAYMENT PLAN
UNIT PRICE | AED 7,800,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 4,889,400 |
2. DLD Transfer fee 4% + 40 AED | AED 312,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 163,800 |
PAYMENT PLAN SCHEDULE
Mar-2026 | AED 88,200 |
Apr-2026 | AED 88,200 |
May-2026 | AED 88,200 |
On Handover | AED 2,646,000 |
SUMMARY
Total on Transfer | AED 5,370,490 |
Total remaining Payment Plan | AED 2,910,600 |
TOTAL COST FOR BUYER | AED 8,281,090 |
PROJECT DESCRIPTION
OVERVIEW
Burj Binghatti Jacob & Co Residences is a 104-storey residential skyscraper under development in Business Bay, Dubai, United Arab Emirates. The project is being developed by Binghatti Developers in collaboration with jewellery and watch brand Jacob & Co. The tower is planned to reach a height of approximately 557 metres, positioning it among the tallest residential structures globally upon completion. Construction commenced in October 2022 with an estimated project handover scheduled for June 2026. The development occupies a plot previously allocated for a project known as Renaissance Tower, which was ultimately cancelled.
LOCATION & TRANSPORT
The tower is located within the Business Bay district, a mixed-use urban area immediately south of Downtown Dubai. Business Bay forms part of the broader Dubai central business corridor positioned along Sheikh Zayed Road and the Dubai Water Canal. The area contains a concentration of commercial towers, residential buildings, hotels, and serviced apartment developments. The location places Burj Binghatti Jacob & Co Residences within short driving distance of major landmarks including Burj Khalifa, Dubai Mall, Dubai Opera and the Dubai Fountain district.
AMENITIES & SURROUNDING
Planned amenities within the development include concierge and lounge facilities, gymnasium and wellness areas, infinity pool, spa and sauna facilities, and meeting or social spaces. Additional services described as part of the development concept include housekeeping arrangements, chauffeur services, security and bodyguard services for residents, as well as private butler services. A day care centre and shared recreational spaces are also included within the planned amenity programme. These facilities are integrated into the tower podium and selected intermediate levels in order to provide distributed shared spaces within the vertical building structure.
MARKET
The tower is designed as a branded residential development incorporating visual themes associated with the Jacob & Co watchmaking and jewellery brand. The uppermost portion of the building is characterised by a prominent crown element that draws inspiration from gemstone cuts used in luxury watch design. Interiors across residential units reference watchmaking aesthetics and materials associated with the brand partnership. The structure is arranged as a vertical lifestyle development containing residential units, shared facilities, and service infrastructure distributed throughout the tower floors. The development is planned to feature multiple collections of residential suites including two-bedroom and three-bedroom apartments as well as a limited number of penthouse residences located at the highest levels of the building. The development is expected to contain approximately 304 residential units.
CONCLUSION
The tower is designed as a branded residential development incorporating visual themes associated with the Jacob & Co watchmaking and jewellery brand. The uppermost portion of the building is characterised by a prominent crown element that draws inspiration from gemstone cuts used in luxury watch design. Interiors across residential units reference watchmaking aesthetics and materials associated with the brand partnership. The structure is arranged as a vertical lifestyle development containing residential units, shared facilities, and service infrastructure distributed throughout the tower floors.