Off-planDowntown Dubai

Mercedes-Benz Places by Binghatti

Mercedes-Benz Places by Binghatti in Downtown Dubai: a 341m branded hyper-tower of 150 residences, 2 & 3-bed suites and penthouses. Off-plan; pricing on request.

DeveloperBinghatti

Entry priceOn request

Handover—

StatusOff-plan

CommunityDowntown Dubai

Overview

Project brief

A 341-METRE BRANDED HYPER-TOWER IN THE HEART OF DOWNTOWN DUBAI

Mercedes-Benz Places | Binghatti is a residential hyper-tower in Downtown Dubai, developed by Binghatti in collaboration with Mercedes-Benz. The tower is shaped around Mercedes-Benz's "Sensual Purity" design philosophy, with a façade that integrates the marque's three-pointed star, and stands as a freehold, design-led landmark within Dubai's central Downtown district.

The building rises to a height of 341 metres over a configuration of three basement levels, ground floor, five podium levels and 65 floors, with 51 residential floors, six mechanical floors and three amenity floors. It holds 150 residences with a 4.2-metre slab-to-slab ceiling height, offered furnished or unfurnished. Homes range from two- and three-bedroom suites through to four- and five-bedroom penthouses and duplex and triplex penthouses at the summit, each named after an icon of Mercedes-Benz. The tower is positioned for unobstructed views toward the Burj Khalifa, and the brochure places it roughly four minutes from Downtown Dubai and seven minutes from the Dubai Mall and DIFC.

At the time of this brief, Binghatti had not published a starting price, payment plan or handover date for Mercedes-Benz Places; those are confirmed on request and are noted below as pending.

PROJECT SUMMARY

Project	Mercedes-Benz Places \| Binghatti
Developer	Binghatti Developers
Community	Downtown Dubai
Type	Residential hyper-tower — 2 & 3-bedroom suites + penthouses
Total units	150
Building height	341 m
Ownership	Freehold
Starting price	On request
Payment plan	On request
Expected completion	To be confirmed

Based on the project brochure; pricing, payment plan and handover subject to confirmation on release.

UNIT MIX

Unit type	Level	Size (sq m)
The Mercedes-Benz Pagoda Suite — 2-bedroom	12–31	140–170
The Grand Mercedes Suite — 3-bedroom	34–52	200–215
Vision One-Eleven Penthouse — 4-bedroom	55–58	245–280
Gullwing Penthouse — 5-bedroom	59–61	623–667
Vision EQ Silver Arrow — duplex penthouse	62–63	1,160
Uhlenhaut Coupé — triplex penthouse	—	—

Unit types, levels and sizes per the Mercedes-Benz Places | Binghatti brochure. Starting prices to be confirmed on release.

THE INVESTMENT CASE

Mercedes-Benz Places is an off-plan, standard-tier brief: the angle below is qualitative. Where the live Dubai Land Department transaction feed for Downtown Dubai is available, current pricing and PSF trends will be shown alongside — those figures are the basis for any comparison, not the estimates below.

DEVELOPER: BINGHATTI, A LEADING PRIVATELY HELD UAE DEVELOPER

Binghatti is an Emirati developer known for a distinctive, sculptural design language and for branded-residence collaborations with BUGATTI, Mercedes-Benz and Jacob & Co. According to Binghatti, it ranks among the UAE's foremost privately held developers, with a portfolio of more than 60 projects valued in excess of AED 40 billion and a delivery record of over 20,000 completed homes. For investors, that scale and an active delivery pipeline provide a measure of confidence at the off-plan stage. Mercedes-Benz Places is a branded-residence collaboration with Mercedes-Benz, whose "Sensual Purity" design philosophy shapes the tower.

LOCATION: DOWNTOWN DUBAI, MINUTES FROM THE BURJ KHALIFA AND DUBAI MALL

The tower sits in Downtown Dubai, positioned for unobstructed views toward the Burj Khalifa. The brochure places Downtown Dubai around four minutes away, the Dubai Mall and Dubai International Financial Centre roughly seven minutes, and Emirates Towers about eleven minutes, with the Business Bay water canal alongside. It is a central, high-profile address at the core of the city's commercial and tourism district.

APPLICABLE STRATEGIES

Pre-handover resale — a branded, off-plan launch in a landmark Downtown tower; where a construction-linked plan applies, a buyer commits limited capital ahead of completion, with a potential exit route before handover. Any premium depends on market conditions at the time and should be checked against live DLD data.
Buy-and-hold for rental / short-let — a scarce, design-led branded residence in Downtown Dubai suits both long-let and holiday-let demand from a premium tenant pool; yields to be confirmed against current rental evidence.
Owner-occupation — a landmark Downtown home in a Mercedes-Benz branded tower with resort-style amenities and penthouse options.

RISKS & WATCHPOINTS

Off-plan completion risk — the tower is under development; timelines can move, and returns depend on the market at handover, not today's.
Pricing not yet confirmed — starting price, payment plan and handover date were not published in the brochure; the entry point should be assessed against live Downtown Dubai PSF once confirmed.
Branded-residence premium — branded towers typically command a price premium over comparable non-branded stock, which should be weighed against exit pricing and rental evidence.
Service charges — design-led, amenity-rich branded buildings typically carry higher service charges, which affect net yield.

PAYMENT PLAN

Binghatti had not published a payment plan for Mercedes-Benz Places at the time of this brief. The current plan and starting price are confirmed on request.

SOURCES

Binghatti — Mercedes-Benz Places | Binghatti project brochure (project facts, unit mix, specification, location).
Binghatti — corporate profile: portfolio scale (more than 60 projects, in excess of AED 40 billion), delivery record (over 20,000 completed homes) and branded-residence collaborations, as stated in the developer's project brochures. Figures are Binghatti's own; specifics vary between brochures, so the conservative figures are used here.
Mercedes-Benz — brand collaboration and "Sensual Purity" design philosophy.
Dubai Land Department transaction data (Downtown Dubai) — live feed pending.

Location

AREA, COMMUNITY & CONNECTIVITY

Mercedes-Benz Places by Binghatti is in the Downtown Dubai area.

Location record

Area: Downtown Dubai

Area and community are from our own project record, not the DLD register.

Area and community: our own project record. Neither is a survey, and neither is a substitute for your own site visit.

Developer

Binghatti

Downtown Dubai

Binghatti is the developer of this project in Downtown Dubai. The figures alongside describe Mitchell’s coverage of Binghatti on this site and the registered sales behind it, not an assessment of the developer.

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Projects covered

Binghatti briefs published on this site

Registered sales

1,387

From 1 of 26 briefs joined to the DLD register

Developer attribution as stated on this brief. Counts describe what Mitchell’s Realty publishes and, where shown, sales registered with the Dubai Land Department at those projects; they are not a measure of the developer’s wider portfolio or delivery record.

Method & questions

HOW TO READ THIS PAGE

Two different things sit on this page: transaction evidence taken from the Dubai Land Department’s public register, and the mechanics of buying in Dubai. The four notes below explain how the figures were built and what they can fairly be used for.

Registered, not askedEvery Dubai Land Department figure on this page comes from a sale that completed and was entered on the public register. Asking prices, portal listings and developer price lists are excluded: they record what someone hoped for, not what was paid.
Medians, not averagesProject samples are often thin, and a single penthouse or one bulk-discounted floor will pull an average a long way off. The median — the middle transaction — describes the typical unit far more reliably at these sample sizes. The count behind each figure is always shown so you can judge how much weight it deserves.
Sales only“Sales” means arm’s-length sales. Intra-family and other “Gift” transfers are excluded, as are rows registered at zero or nominal consideration, because neither is evidence of a market price.
A dated snapshotThese are a snapshot at the date stated beside them, taken from one extract of the register rather than queried live. A figure for this project quoted elsewhere, or taken from a different extract, may not match what you see here.

Common questions

What does buying off-plan at Mercedes-Benz Places by Binghatti involve?

Off-plan means contracting with the developer before the building is finished. In outline: you reserve the unit, sign the developer’s Sale and Purchase Agreement (SPA), and pay in instalments tied to construction milestones rather than in a single sum at the start.

Buyer payments on an off-plan sale in Dubai are made into a project escrow account regulated under Dubai Law No. 8 of 2007, and are released to the developer against verified construction progress. The developer registers the sale with the Dubai Land Department. The contract is between you and Binghatti; we act as broker, not as principal.

What is the 4% DLD transfer fee, and who pays it?

The Dubai Land Department charges a property registration (transfer) fee of 4% of the price recorded on the contract, plus a fixed administrative charge. That is the rate in force as at July 2026. The statutory position splits the fee between buyer and seller; established market practice in Dubai is that the buyer pays the whole 4%.

Developers sometimes offer to absorb part or all of it on off-plan sales. Treat that as real only where it is written into the sale documents, not where it appears in marketing. Budget separately for the registration trustee charge, the Oqood registration fee on off-plan units, and — if you are borrowing — mortgage registration at 0.25% of the loan amount.

What is an Oqood registration, and is it the same as a title deed?

No. Oqood is the Dubai Land Department’s registration system for property that is not yet complete. When you buy off-plan, the developer lodges the SPA through Oqood, your interest is recorded on the interim property register, and you receive an initial registration certificate.

The title deed is a separate and later document, issued once the project is complete and the unit is formally transferred into your name. An off-plan purchase that is never registered leaves you off that interim register, so ask for evidence of Oqood registration once your first payment has cleared.

Can a non-UAE buyer own a unit outright?

In Dubai’s designated freehold areas, yes. Regulation No. 3 of 2006 sets out the areas in which non-UAE nationals may hold freehold title or a long lease; outside those areas ownership is restricted to UAE and GCC nationals. Ownership does not depend on holding UAE residency, and no local partner is required.

Tenure attaches to the plot rather than to a development’s marketing, so confirm what is recorded against the specific unit — freehold or leasehold, and the remaining term if leasehold — before you sign.

What happens at handover?

Once the building is complete and the completion certificate issued, you are called for handover: you inspect the unit (the snagging inspection), the developer addresses the defects listed, you settle the final instalment and any outstanding fees, and the unit is transferred into your name with a title deed issued.

Annual service charges begin at handover. They are levied per square foot at a rate approved by the regulator, so they are a recurring cost rather than a one-off. If you intend to let the unit, allow for the interval between handover and the first tenancy — a vacant unit earns nothing, and gross yield is annual rent measured against the purchase price, before those costs are taken off.

Where do the Dubai Land Department figures on this page come from?

They are drawn from the Dubai Land Department’s public transaction register — sales actually registered against Mercedes-Benz Places by Binghatti, rather than asking prices, portal listings or developer price lists. They are a dated extract of the register, not a live query: the extract date is printed with the figures, and everything on this page is calculated from that single extract.

The number of sales behind every figure is shown alongside it. A median drawn from a handful of registrations carries far less weight than one drawn from several hundred, and should be read that way.

Who is Mitchell’s Realty, and how are you paid?

Mitchell’s Realty is the trading brand. The RERA-licensed brokerage behind it is The Luxury Real Estate Brokers LLC.

On developer off-plan sales the commission is paid by the developer. On resale transactions the brokerage fee is agreed with you in writing before terms are signed. We will confirm how we are paid on any specific transaction before you commit to it.

Please note. The above is general information about how transactions work in Dubai, not legal, tax or financial advice, and it is not a recommendation to buy. Fee rates, tenure rules and residency requirements change, and your own position may differ. Take your own independent legal and tax advice before you commit to a purchase.

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