Mercedes Benz Places by Binghatti

This 4-bedroom, 7-bathroom penthouse at Mercedes-Benz Places by Binghatti offers 3,662 sq ft in Downtown Dubai, priced from AED 35,799,999 (about AED 9,776 per sq ft).

Mercedes-Benz Places by Binghatti is a 65-storey, 1,119-foot residential tower in Downtown Dubai, near Burj Khalifa and Dubai Mall, with apartments and penthouses; sales opened in December 2023. Facilities include a pool, a gym and fitness centre, a spa, a yoga room, restaurants and retail, a children's play area, a barbecue area and valet parking.

4-bedroom penthouses range from about 3,007 to 4,010 sq ft.

DIFC is about 5 minutes away and Dubai International Airport about 10 minutes.

The penthouse suits buyers looking for a top-floor branded home in Downtown Dubai.

What is the payment plan for Mercedes-Benz Places? 20% on booking, 50% during construction and 30% on handover. Dubai Land Department registration adds 4% of the purchase price.

How does the price compare with Downtown Dubai? Registered sales in Downtown Dubai had a median of AED 2,829 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 1,654 sales). At about AED 9,776 per sq ft, this unit is around 246% above that median.

What rental yield can investors expect in Downtown Dubai? The median annual rent was AED 170,000, a gross yield of about 5.4% over the same period (Dubai Land Department, 16,822 Ejari contracts in Burj Khalifa). Actual returns depend on the unit, floor and market at handover.

When is handover? The developer feed lists Q4 2026, while Property Finder shows February 2027, so expect completion around the turn of the year; confirm the date with us before booking.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.