Binghatti Skyhall Business Bay Dubai

Binghatti Skyhall is a studio and one-bedroom tower in Business Bay by Binghatti Developers. Sources count about 717 apartments — 489 studios and 228 one-bedrooms — plus 11 shops, in a building of roughly 32 to 34 floors including its podium and mechanical levels. Studios of about 396 sq ft start at AED 985K (about Rs 2.54 crore) on most broker pages, on a 20/50/30 plan.

The handover date is the first thing to check. One source prints 31 August 2026 and another Q3 2026, both now passed with no completion confirmed; others print Q4 2026. This is a building for investors and single professionals: there is nothing larger than a one-bedroom, and no unit reaches the Golden Visa threshold.

At a glance

Price and unit pricing

We print AED 985K because it is the entry figure most pages give. One page prints AED 1,039,000 for the same 396 sq ft studio, about 5% more, which may be a later price release or a better floor. The sources do not date either figure. Binghatti's price list on the day you enquire settles it.

Against the Business Bay average

Area guides put Business Bay apartments near AED 2,307 per sq ft on current listings. Skyhall's studio at about AED 2,490 to 2,620 per sq ft is 8% to 14% above that average, which is normal for a new studio: small units always cost more per foot. The one-bedroom at about AED 1,860 to 1,890 is about 18% below it, because at 994 sq ft it is large for a Business Bay one-bedroom.

That makes the one-bedroom the better value in the building on price per foot. It costs almost twice the studio in dirhams but gives two and a half times the space. The studio is the cheaper ticket and the easier let; the one-bedroom is the better use of money per foot.

Payment plan and total cost

The plan is 20% on booking, 50% during construction, 30% at handover, with nothing after handover. Worked on the AED 985,000 studio:

The plan reads like a two-year schedule, but it is not one any more. Binghatti links instalments to construction milestones, and in a tower at or past one of its published completion dates, most of those milestones are behind it. A buyer signing now should expect to pay close to 70% within weeks, and the last 30% when the building completes.

No service charge is published for Skyhall. Business Bay's average is about AED 14.75 per sq ft a year, within a range of roughly AED 12 to 25. On a 396 sq ft studio the average works out at about AED 5,840 a year, and on a 994 sq ft one-bedroom about AED 14,660. Ask Binghatti for the first-year budget before you sign.

Location and connectivity

Business Bay is the high-rise district between Downtown Dubai and Al Khail Road, cut through by the Dubai Canal. It is a mixed office and residential area, with hotels, restaurants and a large working population, which is why studios let well here. It is also still being built: expect cranes and new towers around you for years.

Broker pages put Business Bay Metro on the Red Line about 5 to 8 minutes away by car, or about 15 minutes on foot, and Dubai Mall about 12 minutes by car. From Business Bay station the Red Line runs to Downtown, DIFC and on to Dubai Marina. Sheikh Zayed Road and Al Khail Road border the district, and DXB is across the Creek along Al Khail Road.

For a landlord the tenant base is the draw: office workers in Business Bay, DIFC and Downtown who want a studio they can walk or ride the metro from. The catch is supply. Skyhall alone adds 489 studios, and several other Business Bay towers are finishing in the same period.

Binghatti's other Business Bay launch in our set, Binghatti Skyrise, is a three-tower complex with two and three-bedrooms and a lower studio price, and it is worth comparing before you choose. Everything we track in the emirate is on all Dubai projects, and the wider list is on the projects page.

Amenities and specifications

Quoted for the tower: swimming pools, a gym, a jogging path, a children's play area, landscaped seating zones and smart-home features, with 11 retail units at the base. The marketing does not publish a floor-by-floor split, so ask which amenity floor serves which lifts, since 717 units will share them.

Not published: the appliance schedule, whether studios come with white goods, parking per unit and the escrow bank. Binghatti's recent towers are usually handed over with a fitted kitchen and built-in wardrobes; confirm it on the unit specification sheet. Final specification as per the SPA.

About the developer

Binghatti Developers, founded in 2008 and run under Binghatti Holding, is Dubai's busiest volume builder below AED 2 million, and designs and contracts largely in-house. In the first half of 2026 it reported revenue of AED 9.5 billion, net profit of AED 3 billion and about 1,700 homes handed over, and it has said it plans around 15 deliveries in 2026.

Its record on timing is mixed. Independent trackers put its on-time handover rate near 78%, and some of its 2026 buildings have finished a quarter or two after the advertised date. In Business Bay it is building Skyhall, the three-tower Skyrise and the Burj Binghatti Jacob & Co Residences at the same time, which is a lot of concrete in one district for one company. Binghatti does finish its buildings; plan for a date that may move.

For Indian buyers

Ownership. Business Bay is freehold for foreign buyers, resident or not, and the Dubai Land Department issues the title deed in your name. The UAE has no annual property tax and no VAT on a residential sale, so the government cost is the 4% DLD transfer fee — AED 39,400 on the AED 985,000 studio — plus the AED 40 Oqood fee.

Remittance. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. The AED 985,000 studio is about USD 268,000, just over one person's allowance, so a single buyer needs a second financial year or a co-buyer. The one-bedroom at about USD 504,000 sits just above a couple's USD 500,000. With most of the price due within weeks, plan the remittances before booking.

Golden Visa. The threshold is AED 2 million of property, and no unit here reaches it: the one-bedroom at up to about AED 1.88 M falls short by roughly AED 120,000 to 150,000.

Rent and tax. No rent is published for Skyhall. Business Bay guides quote studio rents of AED 68,000 to 82,000 a year and gross yields of 7.5% to 8.5% for non-canal studios; on AED 985,000 those rents give about 6.9% to 8.3% gross. Subtract a service charge near AED 5,840 and the net drops by about 0.6 points. Rent and any capital gain are taxable in India for an Indian tax resident; the UAE levies no income tax on the rent.

Resale. Business Bay resale is liquid, but 489 studios of the same size in one tower compete directly with each other. If you plan to sell soon after handover, you will be pricing against your neighbours. Hold for rent, or choose a unit with a better view or floor.

Pros

• Business Bay address with the Red Line metro about 15 minutes' walk away and Dubai Mall about 12 minutes by car
• Studios near AED 1 M keep the entry inside a couple's LRS allowance
• Business Bay studios are quoted at 7.5% to 8.5% gross yield, among Dubai's higher numbers for a central district
• The 1 BHK at about AED 1,860 per sq ft is below the Business Bay average near AED 2,307
• Late-stage: keys should be months, not years, away
• Binghatti builds in-house and delivered about 1,700 homes in the first half of 2026

Cons

• One published completion date, 31 August 2026, has passed with no delivery confirmed
• Studio at about AED 2,490 to 2,620 per sq ft is above the Business Bay average
• 489 identical studios in one tower means strong competition for tenants and resale buyers inside the building
• No two or three-bedroom units and no Golden Visa-grade unit
• Two entry prices in circulation (AED 985K and AED 1,039,000)
• Much of the 70% pre-handover share is due soon after signing in a building this far along

Who this is for

• Investors who want a Business Bay studio for corporate tenants and short lets
• Single professionals who want a one-bedroom near Downtown and the metro
• Couples funding from India who can split the price across two LRS allowances
• Buyers comfortable with a handover date that may move by a quarter

Who should look elsewhere

• Families: there is nothing bigger than a one-bedroom
• Golden Visa buyers: no unit reaches AED 2 M
• Anyone who needs a confirmed handover date before paying
• Buyers who want a small, quiet building rather than a 717-unit tower

Our verdict

Skyhall is a Binghatti investor tower: 489 studios and 228 one-bedrooms in Business Bay, close to the Red Line and Downtown. The location earns its price for a tenant, and Business Bay's studio yields are among the better numbers for a central district. The studio is priced above the Business Bay average per foot while the one-bedroom is below it, which makes the one-bedroom the better buy in the building on price alone. The handover is the soft spot: one published date has passed, others say Q4 2026, and nobody has confirmed completion. When 489 near-identical studios reach the rental market together, expect the first year's rents to be competitive inside the tower itself.

A reasonable Business Bay buy for a one-bedroom or a studio landlord who is comfortable with Binghatti's timing, with the one-bedroom the better value per foot. It is not for families or Golden Visa buyers. Get the SPA completion date, the construction percentage and the studio price in writing before paying the 20%.

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 Skyhall?

Studios of about 396 sq ft start at AED 985K (about Rs 2.54 crore) on most broker pages; one page prints AED 1,039,000. One-bedrooms of about 994 sq ft start at AED 1.85 M to AED 1,877,000. The source listing carries no price. Binghatti's current price list settles which studio figure applies.

What is the payment plan?

20% on booking, 50% during construction and 30% at handover, nothing after. On AED 985,000 that is AED 197,000, AED 492,500 and AED 295,500, plus AED 39,400 of DLD fee.

When is the handover?

Sources disagree: one prints 31 August 2026 and another Q3 2026, both passed without a confirmed completion, while others print Q4 2026. The SPA date binds the developer; the Dubai REST app shows the construction percentage.

How many units are there?

About 717 apartments: 489 studios and 228 one-bedrooms, with 11 retail units. The building is quoted at about 34 floors including podium and mechanical levels; a SkyscraperCity thread lists it as 32 floors.

Does it qualify for a Golden Visa?

No. The threshold is AED 2 million of property and the largest unit, a one-bedroom at up to about AED 1.88 M, falls short by about AED 120,000 to 150,000.

What rent and service charge should I expect?

Neither is published for Skyhall. Business Bay guides quote studio rents of AED 68,000 to 82,000 a year, about 6.9% to 8.3% gross on AED 985,000. The district's average service charge is about AED 14.75 per sq ft, or about AED 5,840 a year on 396 sq ft.

Can an Indian resident buy here?

Yes. Business Bay is freehold for foreign buyers and the DLD issues the title deed in your name. The AED 985,000 studio is about USD 268,000, just over one person's LRS allowance of USD 250,000 a year, and well inside a couple's USD 500,000.

Compare with other Dubai projects

Also in Business Bay: Binghatti Skyrise (from AED 975K, handover 2026), Marquise Square (from AED 1,070,000, ready), The Bay (from AED 900 K, ready) and MAG 318 (from AED 1,100,000, ready). See every Business Bay project with prices and handover dates.

More by Binghatti Developers: Binghatti Phantom (from AED 999,999, ready), Binghatti Gateway (from AED 950,000, ready) and Binghatti Starlight (from AED 850,000, off-plan).

A similar budget elsewhere in Dubai: Sobha Orbis (from AED 985,000, handover 2028), Creek Edge (from AED 988,888, ready) and Marquis Galleria (from AED 990,000, ready).

Read next: Apartments for Sale in Business Bay: Prices and Net Yields · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.