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Binghatti Skyrise

Business Bay · Binghatti Developers

Project factsheet

Storeys 56
Units in the building 3 333
Developer Binghatti Developers
Status Under development
District Business Bay

Developer prices

These are the starting prices as of the date shown, not today's list: off-plan they are revised several times a year, and more often upwards than down.

Developer
Binghatti

Figures come from the developer's own materials sent to brokers, dated 6 April 2026. The commentary behind them is written up in the Russian version of this page.

About the building

Located in Business Bay. Developer — Binghatti Developers. Architect — Silver Stone Engineering Consultants.

What the building has

  • Swimming pool
  • Shops

Specifications for Binghatti Skyrise per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

About the project

Binghatti Skyrise is a residential complex of several buildings in Business Bay, currently under construction.

The developer is Binghatti Developers. The architecture is by Silver Stone Engineering Consultants.

The complex holds 3 333 apartments in total. The tallest tower rises 56 storeys.

The database currently holds 3 lots in this project, from 1 399 000 AED; 1 of them priced below the market, the deepest discount 17%.

56 storeys and 3,333 residences in Business Bay — the largest building by apartment count of any we've covered. Under construction.

Scale

Binghatti Skyrise is a residential complex in Business Bay by Binghatti Developers, engineered by Silver Stone Engineering Consultants. 56 storeys, 3,333 residences, under construction. Confirmed by the factsheet: a pool and a retail gallery.

3,333 apartments is the population of a small town at a single address — a density Hong Kong's most crowded harbourfront towers would recognise — almost two and a half times more than the next-largest building we've covered (Bayz 101, with its 1,346).

Across 56 storeys, that's around sixty units per floor — an extremely small unit mix. A building of studios and one-bedrooms, built for rental turnover.

What three thousand apartments means

The main consequence is competition within the address itself. At handover and on resale, you're competing not with the district but with thousands of identical units in the same complex, and price is the only lever that sets you apart.

Second is the load on common areas. Sixty apartments per floor means a queue for the lifts at peak hours and high tenant turnover. In a completed building this is checked in person; in one under construction, you're left counting from the plans: how many lifts per core, how many parking spaces per apartment.

Third is the market entering all at once. On handover, three thousand new apartments will appear in Business Bay at the same time, and the first year's rent could come in below projections simply because of the volume.

Prices

Our three listings run from AED 1.4 to 3.58 million (~$380K–970K) at an average price per square foot around AED 2,975 (~$810/ft²). That's substantially below the Business Bay average of roughly AED 4,900 — a direct result of the small unit mix and the sheer volume.

The district's median lot is AED 3.5 million, and the building's range sits around and below it. For entering the city's most expensive-per-square-foot district with the smallest possible cheque, the format works; for anything else, it doesn't.

The launch

Binghatti Skyrise went on sale in late October 2024, with prices starting from USD 265,000 (about AED 970,000) — the floor of the Business Bay market.

The developer put the construction budget at USD 1.3 billion, roughly AED 4.8 billion. Views of Burj Khalifa and Dubai Water Canal were part of the pitch, but with more than three thousand units that won't hold for every apartment — check orientation on the floor plan.

propsearch factsheet (storeys, residence count, developer, engineer, status, amenities) and our own stock as of 27 August 2026 (three lots in the building, the median and price per square foot for Business Bay). Launch date, entry price and construction budget — launch announcements, October–November 2024.

What the complex has

Swimming pool
Shops

Where it is

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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Frequently asked about Binghatti Skyrise

Who is the developer of Binghatti Skyrise?

Binghatti Developers. The architecture is by Silver Stone Engineering Consultants.

How many floors does Binghatti Skyrise have?

56 — that is the tallest building of the complex. The complex has 3 333 apartments.

When is Binghatti Skyrise handed over?

Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.

Where is Binghatti Skyrise?

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.

How much does an apartment in Binghatti Skyrise cost?

The database currently holds 3 lots in this project, from 1 399 000 AED; 1 of them priced below the market, the deepest discount 17%. The list changes daily — I will send a fresh selection for the building on request.

In the news

What has been written about the building, its developer and Business Bay

Where this project stands today

I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.

Ask a question

Telegram is the fastest way — I answer personally.

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