Distress Deal
This unit has sold and is no longer available. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 15 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
The numbers
| UNIT PRICE | AED 7,800,000 |
| 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 |
| Mar-2026 | AED 88,200 |
| Apr-2026 | AED 88,200 |
| May-2026 | AED 88,200 |
| On Handover | AED 2,646,000 |
| Total on Transfer | AED 5,370,490 |
| Total remaining Payment Plan | AED 2,910,600 |
| TOTAL COST FOR BUYER | AED 8,281,090 |
Photography
Distress Deal
This is a distress deal for a 2-bedroom, 3-bathroom apartment in Burj Binghatti Jacob & Co Residences, Business Bay, offered at AED 7,800,000. The original price was AED 9,172,800, reflecting a 15% discount and an entry point of AED 2,438 per sq.ft for a substantial 3,200 sq.ft layout. The unit is positioned on a mid-level floor and features a creek view, with the added benefit of an infinity pool on the balcony and two parking spaces. Handover is scheduled for Q4 2026, and the payment plan allows for staged payments through to completion. The immediate investment thesis is clear: this is a large, branded residence in a landmark tower, offered below original pricing, with the potential to capture value both from the discount and from the building’s positioning as a future icon in Dubai’s skyline. The buyer is not exposed to early-stage construction risk, as the project is well underway, and the payment plan structure provides flexibility ahead of handover.
Burj Binghatti Jacob & Co Residences is located in Business Bay, one of Dubai’s most central and connected districts. The tower’s site benefits from direct access to the main Business Bay road network, with Sheikh Zayed Road and Al Khail Road both within a short drive, providing fast routes to Downtown Dubai, DIFC, and Dubai International Airport. Public transport options include nearby metro stations and regular taxi and ride-hailing services, supporting both resident and tenant mobility. The Business Bay area is known for its mixed-use character, combining residential, commercial, and hospitality offerings, which broadens the appeal for both end-users and investors. The central location underpins both rental demand and resale liquidity, as Business Bay continues to mature as a core urban district in Dubai’s property landscape.
The Burj Binghatti Jacob & Co Residences project is designed as a supertall, 104-storey residential tower, developed in partnership with Binghatti and luxury jeweller Jacob & Co. Amenities are positioned at the high end of the Dubai market and include a bodyguard service, butler and chauffeur services, concierge and lounge facilities, a day care centre, gymnasium, housekeeping, an infinity pool, lobby lounge, and spa and sauna. The building’s design and interiors are inspired by Jacob & Co’s signature style, with the illuminated crown referencing the brand’s iconic diamonds. Residents will benefit from a high level of service and security, as well as access to communal and private leisure facilities. The surrounding Business Bay area offers a full suite of urban infrastructure, including retail, dining, and entertainment options, as well as proximity to Dubai Mall, Bay Avenue, and the Dubai Canal promenade.
At an entry basis of AED 2,438 per sq.ft, this apartment sits below the original launch pricing for the project and is competitive for branded, large-format apartments in central Dubai. The branded residence sector has seen growing demand from both local and international buyers, attracted by the combination of service, design, and perceived long-term value retention. The 3,200 sq.ft size is notably larger than typical two-bedroom stock, which may appeal to buyers seeking more space or to tenants in the executive and corporate segment. The main underwriting considerations are the project’s completion timeline, service charge levels, and the ability of the branded positioning to support premium rents and resale values. Liquidity in the branded segment can be strong, but is often more sensitive to overall market sentiment and the reputation of the developer and brand. The payment plan structure, with a significant portion due on handover, provides some flexibility for investors managing cash flow ahead of completion.
This distress deal offers an investor the opportunity to secure a large, branded apartment in a landmark Business Bay tower at a clear discount to original pricing. The combination of size, branded amenities, and central location positions the asset well for both rental and resale strategies, particularly as the branded residence sector continues to attract attention in Dubai. The main risks are tied to project delivery, service charge levels, and the ability of the brand to sustain premium pricing over time. For buyers comfortable with off-plan exposure and seeking a differentiated product in a maturing urban district, this deal provides a balanced entry point with both immediate discount and long-term positioning potential. As always, careful review of the payment schedule, developer track record, and projected operating costs is recommended before commitment.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 2-BR - BURJ BINGHATTI JACOB & CO RESIDENCES behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
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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.
BURJ BINGHATTI JACOB & CO RESIDENCES — Business Bay, Dubai
