Business Bay · Binghatti Developers
Floor plans from the developer's own materials. The areas and the unit split on them were correct when the drawing was issued — check them against the plan attached to the contract before the deal.
26-storey residential building in Business Bay, completed in 2023. Developer — Binghatti Developers. Architect — Silver Stone Engineering Consultants.
Specifications for Binghatti Canal per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Binghatti Canal is a 26-storey residential building in Business Bay, completed in 2023.
The developer is Binghatti Developers. The architecture is by Silver Stone Engineering Consultants.
The building holds 293 apartments in total.
The database currently holds 1 lot in this project, from 1 200 000 AED.
26 storeys and 293 apartments on the canal in Business Bay, handed over in 2023. Retail units on the canal were selling at roughly an 11% discount to the district.
Binghatti Canal is a residential tower on the canal waterfront in Business Bay. The property record lists 26 storeys and 293 apartments, developer Binghatti Developers, architect Silver Stone Engineering Consultants, and completion in 2023.
A canal-front location in Business Bay is the kind that works for two markets at once. For the residential side it's the view and a promenade; for the commercial side it's foot traffic, which is distributed very unevenly across the district and concentrates precisely along the water.
The building is completed, and that matters for evaluation: here you can look at actual occupancy, the condition of the common areas and real rental rates, rather than a developer's projections.
In spring 2026 a 138.5 sq m (1,491 sq ft) retail unit with a canal view was on the market in the building for AED 4.8 million ($1.296 million). The asking price was AED 3,219 per foot (~$875/ft²) against a Business Bay average of AED 3,634 (~$990/ft²) — a discount to the district of around 11%.
The unit came with a ready fit-out from a previous tenant: a salon or spa with eight rooms, a reception and waiting area, a separate entrance for clients and staff, and one parking space. It could be returned to shell condition if needed.
Target rental yield in the sales-side calculation was 9%. For commercial space in Business Bay that's a realistic benchmark, provided a tenant is found: a vacant unit in the district costs its owner real money in service charges.
First, why the discount. An 11% gap to the district average on a commercial unit is more often explained by the unit's own parameters than by seller generosity — the shopfront line, ceiling height, power capacity, whether ventilation for food service can be run out.
Second, the ready fit-out. A salon build-out is convenient if you're looking for the same kind of tenant, and a liability if you're not: stripping it back to shell costs time and money, during which the unit earns nothing.
Third, actual foot traffic. The canal promenade in Business Bay doesn't come alive along its whole length; count people on-site on a weekday evening and a weekend before taking the projected yield at face value.
Fourth, one parking space for 138 square metres of retail. That's fine for a salon, but a bottleneck for footfall-driven formats, and it limits the pool of possible tenants.
The propsearch property record (storey count, apartment count, developer, architect, completion year, district) and a public retail listing from 26 March 2026 — size, price, price per foot against the Business Bay average, fit-out, parking and target yield.
Our own photographs of the finished development: the gym, the pools, the terraces, the playground, a kitchen and the views from the balconies. The renders above are what the developer drew — comparing the promise with the result beats looking at either one alone.
Binghatti Developers. The architecture is by Silver Stone Engineering Consultants.
26. The building has 293 apartments.
Yes, the building was handed over in 2023. This is ready housing: you can move in or let it out right after the deal.
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
The database currently holds 1 lot in this project, from 1 200 000 AED. The list changes daily — I will send a fresh selection for the building on request.
What has been written about the building, its developer and Business Bay
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Corinthia Dubai, twin towers above 500 m on Sheikh Zayed Road with a rooftop pool and a Corinthia hotel, is due by 2030. Al Habtoor Group has announced an AED 5bn ($1.36bn) office tower in Al Habtoor City. What the two projects say about the market and who should care.
Omniyat bought a reclaimed island in Marasi Bay to build the Burj Khalifa district's only urban beach club and Sunset Park, a private floating island for VELA Viento residents. In March 2026 it priced a $600m sukuk at 7.25% and said its $11.7bn launched portfolio is fully funded to completion.
Deyaar is building DWTN (Downtown) Residences in Business Bay: twin 445 m, 111-storey towers with 522 homes — 432 apartments, 76 duplexes, 13 penthouses and a “Royal Palace”. From AED 1.86m with half due at keys. Construction began in January 2026; completion is quoted for 2029–2030.
In October 2024 Binghatti said it would lift its portfolio from about AED 40bn to AED 100bn ($27.2bn) in 18 months. In 2025 revenue reached AED 12.43bn, more than 17 000 units were sold, and the AED 30bn Binghatti City launched in Nad Al Sheba. What the growth means for buyers.
Downtown is Dubai's tourist and status core, around AED 2 433/sqft on our own data. Business Bay is the business district next door, home to 17 000+ companies, around AED 1 871/sqft. We compare lifestyle, rental economics and who should pick which.
SOM designed Burj Khalifa and a 74-metre metro station in Creek Harbour that will be the tallest in the world. Zaha Hadid Architects built The Opus and is now building Oystra in Ras Al Khaimah. What separates a real premium from a marketing line.
Three major office schemes are rising around DIFC and Business Bay: Immersive Tower ($300m, 58 573 sq m, 2027), Aldar's 88 000 sq m tower by Emirates Towers metro (Q4 2027), and an office park with a theatre on Business Bay's largest plot. Vacancy in central clusters sits at 2–5%.
The RTA and Dubai Holding signed an AED 6bn (about $1.6bn) road programme: four new JVC access points with interchanges, double the capacity and 70% shorter journeys. Hessa Street phase two adds a 780 m bridge and a 480 m tunnel out of JVC. What it means for owners and buyers.
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Telegram is the fastest way — I answer personally.
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