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Mercedes-Benz Places, Binghatti City

Meydan · Dubai

Developer price from1,599,999 AED
HandoverQ2 2028
Contact us
Payment plan20% / 50% / 30%
Property typeApartments
Unit typesStudio · 1 bed · 2 bed · 3 bed · 4 bed · 5+ bed

About Mercedes-Benz Places, Binghatti City

Mercedes-Benz Places, Binghatti City is an off plan project by Binghatti in Meydan, Dubai, from 1,599,999 AED, with handover announced for Q2 2028. The Dubai Land Department recorded construction at 65.25%, buyer payments go to an escrow account at Sharjah Islamic Bank and the developer has registered 162 homes.

Prices and payment plan

Payment plan, studio20 / 50 / 30
Today20%320,000 AEDOn booking
Until Q2 202850%800,000 AEDDuring construction
Q2 202830%480,000 AEDOn handover
Total with fees1,664,019 AEDPrice 1,599,999 + land department fee 64,000 + 20 AEDSee the detail
Price1,599,999 AED
Dubai Land Department fee, 4%64,000 AED
Knowledge and innovation fees20 AED
Developer registration feeOn the developer invoice
Total estimate1,664,019 AED

Dubai Land Department fees for an off plan purchase, usually paid in full by the buyer. Full calculator, with mortgage

Homes in the project

2 bedrooms8653%
3 bedrooms6540%
4 bedrooms117%
Total162100%

Source: Dubai Land Department, units registered by the developer, file of 23 October 2026.

Handover (developer)Q2 2028
RERA project number2545
Escrow accountSharjah Islamic Bank
Construction progress65.25% built
Completion date (registered)31 December 2026

The two dates can differ. Sale contracts usually allow 6 to 12 months beyond the announced handover date.

Nearest metro stationCreek, 6.3 km; Blue Line (opening planned September 2029): Emaar Properties, Creek Harbour, 4.6 km

Gold Line planned in this area, opening planned in 2032, station locations not published.

Service charges: 14.9 AED per sqft a year, official median of 15 completed buildings by Binghatti, Dubai Land Department.

Source: Binghatti, official project page · binghatti.com

Data dates
Developer prices 29 September 2026
Dubai Land Department register 18 October 2026
Sales registered up to 2 November 2026

Property Radar score

out of 100
10 criteria measured

Highlights

Developer record: projects deliveredDeveloper record: cancelled projectsPayments into an escrow account

Good to know

Nearest metro stationNet rental yieldConstruction progress
See all 10 criteria
Developer record: projects delivered10/10
43 delivered, 36 ongoing, 0 cancelled
Developer record: cancelled projects10/10
none on record
Payments into an escrow account10/10
escrow at Sharjah Islamic Bank, status active
Handover date10/10
handover Q2 2028
New-build price vs the same developer's secondary market7/10
+19.4% on studio
Share of the price paid before handover4/10
70% of the price paid before handover
Developer record: projects on time1/10
22 of 35 ongoing projects still within their official end date
Construction progress1/10
65% built, 93% of the official construction time used
Net rental yield0/10
2.8% net of service charges
Nearest metro station0/10
Creek, 6.3 km; Blue Line (opening planned September 2029): Emaar Properties, Creek Harbour, 4.6 km
Price per square foot vs the area
Information not public or confidential
New-build price vs the secondary market
Information not public or confidential
Ease of resale in the area
Information not public or confidential
Size vs the area
Information not public or confidential
Homes of this type in the project
Information not public or confidential

Market data, studio

In short: gross yield 3.3% a year.
Price per sqft3,571 AED
Gross yield3.3%rent 52,000 AED a year, median of 27 registered rents in Meydan
Net yield2.8%After service charges

Same unit type, Dubai Land Department registered sales and rent contracts, Meydan.

After you buy

1
Today
Book with 20%

Through a licensed expert, at the developer price.

2
Q2 2028, handover
Pay the last 30%

In cash or with a mortgage, up to 80% for residents.

3
After the keys
Rent it out

Long term or holiday home, managed for you.

Services from our selected partners. It never changes the score.

Prices in Meydan

Median price per sqft of completed apartments resold

1,1801,3621,4691,5562023202420252026
Since 2023+32%
2026 against 2025+6%

AED per sqft. Dubai Land Department sales, data.dubai. 2026 up to 23 September.

Mercedes-Benz Places, Binghatti City in short

Starting price

1,599,999 AED

Source: Binghatti or a property portal, September 2026. Confirm with the developer.

Payment plan

20% On booking50% During construction30% On handover

Handover

Handover is announced for Q2 2028.

On time?

22 of 35 ongoing Binghatti projects are still within their official end date, in the Dubai Land Department project registry.

How to buy

A broker licensed by the Dubai Land Department, from our partner agency, confirms the price list and the units still available, and handles the booking with you. The contact is free.

Location and similar projects

Also in MeydanClaydon House by EllingtonEllington · Q4 20272,497,828
Consultation fee for you0 AED

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  3. 3Developer price and units available
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