Binghatti Phantom Jumeirah Village Circle Dubai

Binghatti Phantom is a completed 44-storey tower in JVC District 17 by Binghatti Developers, with 354 apartments and 15 ground-floor shops, started in February 2024 and finished in October 2025 — a 19-month build, a month past the Q3 2025 handover it was sold on. It has no studios: one-bedrooms of 794 sq ft and up launched at AED 999,999 (about Rs 2.57 crore), two-bedrooms at AED 1,999,999 and three-bedrooms of up to 2,142 sq ft at AED 2,499,999, on a 20/50/30 plan that is now history because the building is ready.

Two numbers set it apart. The one-bedroom works out at about AED 1,259 per sq ft, below JVC's ready average of AED 1,337 — unusual for a new Binghatti tower. And the three-bedroom clears the AED 2 million Golden Visa threshold by AED 499,999, while the two-bedroom misses it by a single dirham, a gap a buyer can close at the negotiating table.

At a glance

Price and unit pricing

The figures above are the launch list, which every developer-side page still prints and some broker pages round to AED 999,000. With the building complete and 110 apartments for sale on Property Finder, the resale asks and Bayut's DLD transaction record settle today's price; the launch list is the floor to negotiate from.

Phantom prices below JVC's ready average because of its mix — no studios, and larger homes carry lower rates everywhere in Dubai. The two-bedroom size is not published, so its rate comes from the title deed.

Payment plan and total cost

The launch plan was 20/50/30 — 20% on booking, 50% through construction, 30% at handover — but a purchase today is paid in full at the DLD registration trustee office, or with a UAE mortgage, which non-residents can usually get at 50% to 60% of value on a completed property. On the AED 999,999 one-bedroom bought on resale:

If Binghatti still holds unsold units — no source says either way — a purchase from the developer skips the commission but pays the same DLD fee and follows the SPA. On a resale, ask for the owners' association budget when the seller gets the developer's no-objection certificate. No source publishes Phantom's service charge; JVC towers commonly bill AED 12 to 15 per sq ft a year, or AED 9,500 to 11,900 on 794 sq ft, and Binghatti quotes AED 10 to 12 on its nearby Phoenix.

Location and connectivity

District 17 is on the southern side of Jumeirah Village Circle, Dubai's busiest freehold apartment market, towards Dubai Sports City. Circle Mall is a few minutes away by car, and the 15 shops at the foot of the tower give it retail of its own.

Guides put Dubai Marina and JBR at about 15 minutes, Mall of the Emirates and the nearest Red Line stations at 12 to 15, Downtown at about 20 and the airport at 25 to 30. JVC has no metro. Binghatti is the dominant builder here — Corner, Crest, Orchid, Galaxy, Tulip, Phoenix, House and Phantom — so near-identical stock competes for tenants, though Phantom's larger units sit in a thinner part of that market.

Compare the developer's other completed stock: Binghatti House in District 10, ready since 2024 with studios on resale from AED 583,000, or Binghatti Gateway in Al Jaddaf, a 2021 building with two-bedrooms from AED 950,000 and a metro station in the district. Everything we track in the emirate is on all Dubai projects, the developer's full list is on Binghatti Dubai projects, the community's resale market is covered in apartments for sale in JVC, and the wider list is on the projects page.

Amenities and specifications

Quoted for the tower: a gym, a large open-air swimming pool with sunbeds and pergolas, a sports court, landscaped gardens, parks and a children's play area, with 15 retail units at ground level. The 354 homes run from 794 sq ft one-bedrooms to 2,142 sq ft three-bedrooms over 44 storeys — about eight homes a floor, low for a Binghatti building.

Not published: the fit-out, appliance brands, parking allocation or the service-charge budget. Inspect the unit and read the tenancy contract; final condition as inspected and as per the memorandum of understanding.

About the developer

Binghatti Developers (Binghatti Holding, founded 2008, DLD developer registration 1051) had delivered about 12,000 homes before 2024 and reports more than 80 projects worth over AED 80 billion by end-2025, with seven handovers in 2025 — Phantom among them — AED 11 billion of buyers' money in escrow and 15 projects worth AED 15 billion due in 2026. It builds in-house, and its dates move by a month or a quarter rather than years: House in District 10 ran May 2023 to July 2024, Ghost in Al Jaddaf was sold on Q1 and finished in August, and Canal beat its end-2023 target. For a buyer of a finished unit that is no longer a risk; what remains is how well a 354-home building is run, which the owners' association accounts will show.

For Indian buyers

Ownership. JVC is freehold, so an Indian citizen holds the title deed outright in their own name — no local partner, no residence visa. The UAE charges no annual property tax and no VAT on a residential resale, so the government's cost is the 4% DLD transfer fee, AED 40,000 on the one-bedroom.

Remittance and visa. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. AED 999,999 is about USD 272,300, and about USD 290,000 with the fees — just over one allowance, so a couple can complete in one year or a single buyer over two, deposit first. The Golden Visa needs AED 2 million of property: the three-bedroom at AED 2,499,999 clears it by AED 499,999, and the two-bedroom at AED 1,999,999 misses by one dirham, so on a 2 BHK agree a deed price of AED 2 million or more if the visa is the point.

Yield and exit. A 2026 district report puts JVC at 7.43% gross in Q2 2026, the best of Dubai's established apartment areas; the one-bedroom needs about AED 74,300 of rent a year to match it, before AED 9,500 to 11,900 of service charge. Family-sized units let to a thinner but steadier tenant pool, from the month you complete. On exit you sell below the district rate with a published DLD record — better than most Binghatti resales in the circle, though you are never the only seller. Rent and any gain are taxable in India for an Indian tax resident; the UAE levies no tax on either.

Pros

• Completed: inspect the unit, read the tenancy contract, collect rent from transfer
• Below JVC's ready rate per sq ft — rare for a new Binghatti tower
• Family-sized units rather than the district's usual studios
• The 3 BHK clears the Golden Visa threshold
• JVC's 7.43% gross, earned from day one
• 15 shops at street level and a 19-month build

Cons

• The 2 BHK misses the Golden Visa threshold by one dirham — negotiate the deed price up or buy the 3 BHK
• The entry is above one person's LRS allowance once fees are added
• 354 homes plus eight or more Binghatti towers compete for the same tenants
• No published service charge
• No studios, so the cheapest ticket is AED 1 million rather than JVC's usual AED 600,000
• JVC has no metro; the Red Line is 12 to 15 minutes away

Who this is for

• Families or end users who want a ready 1 to 3 BHK in JVC at or below the district rate per sq ft
• Golden Visa applicants taking a 3 BHK, or a 2 BHK with the deed price agreed at AED 2 million or more
• Yield investors who prefer a family-sized tenant pool to the studio market
• Buyers financing with a UAE mortgage, which a completed tower allows

Who should look elsewhere

• Anyone who needs a unit inside one LRS allowance in one year — the entry is just over it
• Buyers who want a studio or the lowest absolute ticket in JVC
• Anyone who needs a metro within walking distance
• Buyers who will not read the owners' association accounts and the tenancy contract before signing

Our verdict

Binghatti Phantom is the family-sized exception in a district built for studios, and that is what makes it worth a look. It finished a month past the advertised quarter, which by JVC standards is on time, and it prices below the district's ready rate. The three-bedroom clears the Golden Visa line; the two-bedroom misses by one dirham, a Binghatti pricing habit a buyer can fix by agreeing a deed price of AED 2 million. Against it: the entry is just over one LRS allowance with fees, sister towers compete for tenants, the service charge is unpublished and there is no metro — so buy on the tenancy contract and the owners' association accounts, in the size that fits the visa if the visa is the point.

A reasonable buy for a family or an end user who wants a ready 1 to 3 BHK in JVC at or below the district rate, or for a Golden Visa applicant taking the 3 BHK. Buy on the current tenancy contract and the service-charge invoices, not the launch brochure. Not for buyers who need one LRS allowance to cover the purchase, studio investors or anyone who needs a metro.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of Binghatti Phantom?

On the launch list, one-bedrooms of 794 sq ft and up started at AED 999,999 (about Rs 2.57 crore or USD 272,300), two-bedrooms at AED 1,999,999 and three-bedrooms of up to 2,142 sq ft at AED 2,499,999. Property Finder carries 110 resale listings; check their asks against those figures.

Is there a payment plan?

Not any more; the 20/50/30 launch plan ended with completion, so a unit is paid at transfer or with a UAE mortgage. With the 4% DLD fee, about AED 4,600 of deed and trustee fees and 2% commission, AED 999,999 becomes about AED 1,066,000.

When was it handed over?

Construction began in February 2024, the recorded handover was Q3 2025, and the building completed in October 2025 — a 19-month build, about a month past the advertised quarter. It has 354 apartments and 15 shops in JVC District 17.

How does the price compare with the rest of JVC?

Favourably: about AED 1,259 per sq ft on the one-bedroom and AED 1,167 on the largest three-bedroom, against JVC's 2026 ready average of AED 1,337. Phantom has no studios, which is why it sits below the district.

Does it qualify for a Golden Visa?

The three-bedroom does, by AED 499,999. The two-bedroom misses by a single dirham, so it qualifies only if the title deed price is AED 2 million or more. Confirm the current rule with the Dubai Land Department.

What rent and yield can I expect?

JVC returned 7.43% gross in Q2 2026 on a district report; the one-bedroom needs about AED 74,300 a year to match it. No source publishes the building's achieved rents, so ask for tenancy contracts on comparable units.

Can an Indian buyer own here, and how does the remittance work?

Yes, JVC is freehold. AED 999,999 is about USD 272,300, or USD 290,000 with fees — above one person's USD 250,000 LRS allowance, so plan on a couple remitting together or one buyer over two financial years.

What are the service charges?

Not published. JVC towers commonly bill AED 12 to 15 per sq ft — AED 9,500 to 11,900 on 794 sq ft — and Binghatti quotes AED 10 to 12 on nearby Phoenix. Ask the seller for the last two invoices.

Compare with other Dubai projects

Also in Jumeirah Village Circle (JVC): Binghatti House (from AED 583,000, ready). See every Jumeirah Village Circle project with prices and handover dates.

More by Binghatti Developers: Binghatti Gateway (from AED 950,000, ready), Binghatti Starlight (from AED 850,000, off-plan) and Binghatti Aquarise (from AED 1.15 M, handover 2027).

A similar budget elsewhere in Dubai: Evergr1n House 2 (from AED 992 K, handover 2026), Marquis Galleria (from AED 990,000, ready) and Sobha Solis (from AED 1.01 M, handover 2027).

Read next: Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.