Mercedes-Benz Places – Binghatti City

Mercedes-Benz Places by Binghatti Dubai is the first city-scale community to feature the German marque's name, and it will be located in Nad Al Sheba 1 rather than one of its towers. Binghatti Developers is building Mercedes-Benz Places in partnership with Mercedes-Benz Group AG, and instead of one residential tower, there will be twelve residential towers comprising over 13,000 homes.

These Nad Al Sheba apartments sit within the Mohammed Bin Rashid City area, close to Meydan and the racecourse. For those who want a residential community with full amenities rather than a single complex, the Binghatti Mercedes-Benz City location is the draw.

The architecture of the community features the sensual purity design language that Mercedes-Benz uses for its cars, all built into the residential towers. There are also parks, retail spaces, restaurants, cultural spaces, and wellness and sports facilities within the community, so residents can enjoy their lives within Binghatti City rather than outside the community.

As is typical of branded residences, these homes will trade at a premium to non-branded developments. This is the calculation that most investors will use when considering purchasing these developments in Dubai. The exact figures are provided in the buyer's pack.

Pricing on these off-plan apartments in Dubai opens at around AED 1.37 million, with studios, two- and three-bed layouts on offer. The payment terms are staged through construction and spelled out in the buyer pack. Binghatti is putting the towers up in phases, so the earliest homes land in 2027. For income, the Binghatti City Mercedes-Benz residences are pitched at the upper-single-digit net yields this stretch of Dubai tends to return. Anyone wanting to see the developer's finished standard can look at Binghatti Luxuria.