| Detail | Figure |
|---|---|
| District | Business Bay, Al Khaleej Al Tejari |
| Studio plan types | 9, spanning 395 to 583 sq ft |
| 1 bedroom plan types | 3, spanning 825 to 994 sq ft |
| Retail unit sizes | 798 to 2,163 sq ft |
| Payment plans offered | 2 |
| Entry price in USD, GBP, EUR | 265,950 / 197,000 / 226,550 |
A service charge rate is stated before handover, so a buyer can work out the yearly charge at the point of booking. Studio and 1 bedroom plans are both released across floors 1 to 30, so unit size places no limit on the level. Two payment plans are offered on the same property, one clearing most of the price during the build and the other holding it back to completion. 11 retail units occupy the lower levels.
Studios outnumber 1 bedroom layouts by 3 to 1 on plan types, so choice narrows for anyone wanting the larger format. The step between the biggest studio and the smallest 1 bedroom is 242 sq ft. Both layouts are available across floors 1 to 30. Full-height glazing runs through the open-plan interiors and home automation is built into the units.
Two plans are offered on the same property and they pull in opposite directions. The 70/30 plan asks for most of the money during the build. The 30/70 plan asks for very little until the keys change hands.
| 70/30 plan | 30/70 plan | |
|---|---|---|
| Booking amount | 20% | 10% |
| Instalments | 7, ending at month 16 | 2, first month and during construction |
| Paid before handover | 70% | 30% |
| Due on handover | 30% | 70% |
| Applies to | Studio | Not specified |
The 70/30 plan closes its instalments at month 16, well ahead of completion, so a buyer funding from cash finishes early and holds a smaller final payment. The 30/70 plan keeps AED 689,500 back to handover on a purchase at the entry price, which is the structure a buyer arranging mortgage finance at completion will want.
| Installment | Payment | Milestone |
|---|---|---|
| Down Payment | 20% | On booking date |
| 1st Installment | 9% | Within 30 days from booking date |
| 2nd Installment | 9% | Within 4 months from booking date |
| 3rd Installment | 8% | Within 7 months from booking date |
| 4th Installment | 8% | Within 10 months from booking date |
| 5th Installment | 8% | Within 13 months from booking date |
| 6th Installment | 8% | Within 16 months from booking date |
| Final Installment | 30% | On handover |
| Installment | Payment | Milestone |
|---|---|---|
| Down Payment | 10% | On booking date |
| 1st Installment | 10% | Within 1 month from booking date |
| 2nd Installment | 10% | During construction |
| Final Installment | 70% | On handover |
The rate stands at AED 18 per sq ft. Applied across the released sizes, the yearly charge works out as follows.
| Unit | Size | Yearly Charge |
|---|---|---|
| Smallest studio | 395 sq ft | About AED 7,110 |
| Largest studio | 583 sq ft | About AED 10,494 |
| Smallest 1 bedroom | 825 sq ft | About AED 14,850 |
| Largest 1 bedroom | 994 sq ft | About AED 17,892 |
Set against the other Business Bay releases carrying a published price, the position is clear.
| Project | Developer | Opens at |
|---|---|---|
| Reva Residences | Damac Properties | AED 740,000 |
| Binghatti Skyhall | Binghatti Developers | AED 985,000 |
| The Quayside | Ellington Properties | AED 1,315,828 |
| Peninsula Two | Select Group | AED 1,550,000 |
| Damac Canal Heights 2 | Damac Properties | AED 2.8 M |
| Ellington One River Point | Ellington Properties | AED 3.31 M |
Only 1 of them opens lower. The next project up starts more than AED 330,000 above, and the highest opens more than AED 2.3 million above. Several other releases in the district are listed without a published price, so this is the picture across those that quote one.
Binghatti Developers is led by Muhammad BinGhatti as chief executive and head of architecture. The company carries 84 or more projects across 5 or more communities, with built work in Dubai Marina, Jumeirah Village Circle, Dubai Silicon Oasis and Dubai Land Residence Complex, and delivery for banks, hotel groups and real estate funds as well as end-user buyers.
Measured on project count against the other developers active in the market, it places 4th.
| Rank | Developer | Projects |
|---|---|---|
| 1 | Emaar Properties | 309+ |
| 2 | Damac Properties | 178+ |
| 3 | Aldar Properties | 105+ |
| 4 | Binghatti Developers | 84+ |
| 5 | Azizi Developments | 81+ |
| 6 | Sobha Group | 75+ |
| 7 | Meraas | 67+ |
Its current releases span AED 674,999 at Binghatti Vintage up to AED 2,887,499 at Binghatti Ivory, a spread of more than 4 times. Skyhall opens near the bottom of that range.
12 apartment plans have been released in total. Studio buyers choose from 9 of them and 1 bedroom buyers from 3, so the depth of choice is very different depending on which format is wanted. Anyone set on a 1 bedroom is picking from a short list and should move early.
The leisure deck holds an infinity pool, a gymnasium and a kids play area, set within green landscaping. Retail outlets, a supermarket, restaurants and dining outlets fall within reach, along with a healthcare centre. Security runs 24 hours across the building.
The address is Business Bay, on the canal and minutes from Downtown Dubai. The Dubai Mall is 5 minutes out, the nearest metro station 7 minutes, and Burj Khalifa, Downtown Dubai and the Dubai International Financial Centre all fall at 8. Sheikh Zayed Road and Al Khail Road handle the road connection while the metro covers the commute without a car.
Content Reviewed By: Vikas Taneja-RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
The 70/30 plan suits a buyer paying from cash across the build, since instalments finish at month 16 and only 30% remains. The 30/70 plan suits a buyer arranging a mortgage, since 70% falls due only at completion.
The booking amount differs at 20% against 10%, and so does the split. The 70/30 plan settles 70% before handover across 7 instalments. The 30/70 plan settles just 30% before handover across 2 instalments.
The entry price works out at roughly INR 1.99 crore and USD 265,950, with GBP 197,000 and EUR 226,550 as the sterling and euro equivalents. Exchange rates move daily, so have the figure confirmed on the day of booking.
Yes. 11 retail units occupy the lower levels of the tower, sized from 798 to 2,163 sq ft. They give residents shops and food outlets at street level within the same building.
Yes. Studio and 1 bedroom plans are both released across floors 1 to 30, so unit size places no limit on which level a buyer can pick from the released plans.
At the stated rate of AED 18 per sq ft, a 395 sq ft studio comes to roughly AED 7,110 a year and a 994 sq ft 1 bedroom to roughly AED 17,892. Ask for the review terms in writing.
The tower holds 717 residential units across studio and 1 bedroom formats, spread over floors 1 to 30, with the 11 retail units placed separately on the lower levels of the tower.
The exact area of the specific unit, which of the two payment plans applies, the final service charge rate and its review terms, the floor and view assigned, and the anticipated handover date.
Limited Period: Free DLD Waiver on select units