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Binghatti Developers · Downtown Dubai

Mercedes Benz Places by Binghatti

Handover Q4 2026Plan 20/50/30
Brochure
Starting price
AED 10.30M
From 2BR
Price / sqft
1,491
AED, derived from PropertyFinder unit data
Rental yield
5.5%
gross p.a., Downtown Dubai avg
Capital appreciation
+5%
to handover (1y)
Popularity
57/100
demand index

About this project

Mercedes-Benz Places is a 65-story residential tower in Downtown Dubai, standing 1,119 feet tall. Developed by Binghatti, it marks the first residential project globally to carry the Mercedes-Benz brand. The development offers apartments and penthouses with views across the Downtown skyline.

Location and Connectivity

Situated in Downtown Dubai, the tower is near Burj Khalifa and Dubai Mall. The area provides access to shopping, dining, and entertainment venues, with connections to public transport and highway networks.

Unit Types and Sizing

The project includes 2-bedroom units from 1,837 to 2,534 sq.ft., 3-bedroom apartments from 2,710 to 3,285 sq.ft., and penthouses ranging from 3,007 sq.ft. (4-bedroom) to 6,909 sq.ft. (3-bedroom and 5-bedroom variants). Interiors feature smart home systems covering lighting, climate control, security monitoring, and entertainment.

Amenities and Facilities

Residents have access to a shared pool, gymnasium, yoga room, spa, and beach access. The development includes valet parking, retail facilities, restaurants, children's play areas, and barbecue zones. Green spaces and parks are available within the community.

Pricing and Handover

Units start at AED 10,299,999, with completion scheduled for Q4 2026. The payment structure requires 20% down payment, 50% during construction, and 30% on handover.

Valet Parking
Gymnasium
Restaurants
Retail Facilities
Yoga room
Beach Access
Well-being and Fitness
Shared Spa
Children's Play Area
Barbecue Area
Shared Pool
Fitness Center
Smart Home Technology
Automated Lighting
Climate Control
Security Monitoring

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment, Penthouse
Buildings
1
Expected completion
30 Nov 2026

Project timeline

  1. Booking started
    15 Dec 2023 · completed
  2. Construction Started
    16 Dec 2023 · completed
  3. Expected Completion
    30 Nov 2026

Construction progressestimate

ExcavationStructureFaçadeMEPHandover

~25% — estimated from construction phase.

Frequently asked questions

What's the starting price for units?
Units at Mercedes-Benz Places start at AED 10,299,999.
What payment plan is offered?
The payment structure requires 20% down payment at launch, 50% in installments during construction, and the remaining 30% upon handover.
Is this a good investment opportunity?
The tower's Downtown Dubai location near Burj Khalifa and Dubai Mall, combined with its branded design and amenities, positions it as an investment option in a high-demand area.
Who is developing this project?
Binghatti Developers FZE is the developer behind Mercedes-Benz Places, known for luxury-focused residential projects.
When is completion expected?
The project is scheduled for handover in November 2026.