Binghatti Skyrise Business Bay Dubai

Binghatti Skyrise is a three-tower apartment complex in Business Bay by Binghatti Developers. Each tower has 48 residential floors above five podium levels and four or five basements, and the complex holds an estimated 3,333 apartments, from studios to three-bedrooms. Studios start at AED 975K (about Rs 2.51 crore), one-bedrooms at AED 1.65 M, two-bedrooms at AED 2.5 M and three-bedrooms at AED 3.25 M.

Handover is December 2026 (Q4 2026) on every source we checked, and the plan was sold as 20/50/30 with monthly instalments running to September 2026. Unlike Binghatti's studio towers, Skyrise has two and three-bedrooms, so it works for families and Golden Visa buyers as well as studio landlords.

At a glance

Price and unit pricing

We print AED 975K because broker pages agree on it for the entry studio. The per-foot figures above pair the lowest price with the smallest size, which is how launch price lists work, so read them as approximate. The three-bedroom figure pairs the lowest price with the largest published size, so its true rate is AED 1,431 per sq ft or more. Binghatti's price list for the tower and floor you are offered settles it.

Against the Business Bay average

Area guides put Business Bay apartments near AED 2,307 per sq ft on current listings. The Skyrise studio at about AED 2,310 is right on that average — unusual for a new small unit, which normally carries a premium. The one-bedroom at about AED 1,986 is roughly 14% below it, and the three-bedroom is far below.

That places Skyrise below Binghatti's own Skyhall in the same district, whose studio is about AED 2,490 per sq ft or more. The reason is partly location: Skyrise sits towards Al Khail Road, a drive from the Red Line rather than a walk. The size of the complex also gives Binghatti room to price keenly.

Payment plan and total cost

The plan is 20% on booking, 50% during construction, 30% at handover. The construction share was set as monthly instalments from December 2024 to September 2026, mostly 2% a month with 3% a month in the last four months. Read literally, that is 22 months adding to about 48%, so the published summary does not quite reach 50% on its face; ask for the instalment schedule attached to your SPA.

Worked on the AED 975,000 studio:

The monthly schedule ended in September 2026. A buyer who signs now does not get two years of 2% payments: the instalments already past due are payable at signing, so budget for about 70% up front and 30% at handover. On a two-bedroom at AED 2.5 M that is about AED 1.75 M before the DLD fee.

No service charge is published. Business Bay's average is about AED 14.75 per sq ft a year; on a 422 sq ft studio that is about AED 6,220 a year, and on a 2,271 sq ft three-bedroom about AED 33,500. A complex with courts, several pools and three towers of lifts may land above the average. Ask for the first-year budget.

Location and connectivity

Skyrise sits on the Al Khail Road side of Business Bay, the high-rise office and residential district south of Downtown, cut through by the Dubai Canal. Broker pages put Al Khail Road about 6 minutes away, Downtown Dubai about 10 minutes and the Burj Khalifa/Dubai Mall Metro station on the Red Line about a 7-minute drive.

That last point is the difference from central Business Bay. Tenants without a car will count the drive to the metro, and it shows up in rent. Families who drive anyway gain quick access to Al Khail Road, which runs north to the Creek and DXB and south towards Al Quoz and Dubai Hills.

Business Bay itself is still being built, and Skyrise's own 3,333 units will be one of the larger single additions to the district. Expect construction around you for some years and a busy first leasing season when the towers finish.

Compare Skyrise with Binghatti's studio and one-bedroom tower in the same district, Binghatti Skyhall, which is closer to Business Bay Metro but has nothing bigger than a one-bedroom. For a low-rise Binghatti at similar studio money outside the centre, see Binghatti Hillcrest in Arjan. 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 complex: an infinity pool with skyline views, a kids' pool, poolside cabanas, a gym, a padel and tennis court, a basketball court, a jogging and walking track and landscaped gardens. One page also lists a "golf course with a lake", which does not fit a Business Bay podium and is likely copied from another project; do not count on it.

The sources name Granada Europe Engineering Contracting as main contractor, and one says the substructure has five basement levels for parking. Not published: the appliance schedule, 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.

Independent trackers put its on-time handover rate near 78%. Skyrise is a large test of that record: three 48-floor towers at once, in the same district as its Skyhall tower and the Burj Binghatti Jacob & Co Residences. A delay of a quarter or two on one tower would be consistent with its history. Binghatti completes its projects; the risk is the date, not the building.

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 39,000 on the AED 975,000 studio and AED 100,000 on a AED 2.5 M two-bedroom — plus the AED 40 Oqood fee.

Remittance. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. The studio is about USD 265,000, just over one allowance; a couple's USD 500,000 covers it. The two-bedroom at about USD 681,000 needs two people across two financial years, and because about 70% is due at signing, that split has to be planned before booking.

Golden Visa. The threshold is AED 2 million of property. The two-bedroom from AED 2.5 M clears it by about AED 500,000 and the three-bedroom from AED 3.25 M by about AED 1.25 M. The studio and one-bedroom do not.

Rent and tax. No rent is published for Skyrise. Business Bay guides quote studio rents of AED 68,000 to 82,000 a year, about 7% to 8.4% gross on AED 975,000; expect the lower end here, given the drive to the metro and the number of competing units. Rent and any capital gain are taxable in India for an Indian tax resident; the UAE levies no income tax on the rent.

Resale. With thousands of flats finishing in the same complex, the months after handover are the worst time to sell. Buy to hold or to use.

Pros

• Studio at about AED 2,310 per sq ft is in line with the Business Bay average, not above it
• Two and three-bedrooms exist, which Binghatti's studio towers usually lack; both clear the Golden Visa threshold
• The 3 BHK works out at about AED 1,430 per sq ft or more, low for Business Bay
• Downtown about 10 minutes and Al Khail Road about 6
• A clear monthly schedule that ends before handover, with nothing after
• Padel, tennis and basketball courts plus an infinity pool are more than a single tower can offer

Cons

• About 3,333 apartments in one complex means heavy competition for tenants and resale buyers at handover
• The nearest metro is a 7-minute drive, not a walk
• The monthly plan has run out, so most of the 70% pre-handover share is due at signing
• 2 BHK sizes are not published, so its price per foot cannot be checked
• Binghatti's on-time rate is near 78%, and three towers may not finish together
• Binghatti has three large towers finishing in Business Bay at once

Who this is for

• Golden Visa buyers who want a Business Bay two or three-bedroom near AED 2.5 to 3.25 M
• Families who want Business Bay with sports courts and pools on site
• Studio investors who want Business Bay at the district-average price per foot
• Buyers who can pay most of the price at signing

Who should look elsewhere

• Anyone who needs to walk to the metro
• Buyers who want a small, quiet building
• Investors planning to flip at handover against thousands of units in the same complex
• Anyone who cannot fund about 70% of the price within weeks

Our verdict

Skyrise is the family-sized Binghatti in Business Bay: three 48-floor towers with two and three-bedrooms alongside the studios, sports courts and an infinity pool. On price it is fair: the studio sits at the district average per foot and the larger units come in below it, with the three-bedroom the cheapest per foot of anything on this page. The problem is scale. About 3,333 apartments finishing around the same time will crowd the rental and resale market in the complex itself, and Binghatti is finishing two other large towers in the same district. The monthly plan has also run out, so the soft payment terms that sold it no longer apply. For a Golden Visa buyer who wants a two or three-bedroom in Business Bay, it is one of the cheaper routes.

A sound choice for a Golden Visa buyer or a family who wants a Business Bay two or three-bedroom, and a fair-priced studio for a patient landlord. It is a poor choice for a quick flip. Ask which tower your unit sits in, get that tower's completion date and construction percentage in writing, and budget for about 70% at signing.

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 Skyrise?

Studios start at AED 975K (about Rs 2.51 crore), one-bedrooms at AED 1.65 M, two-bedrooms at AED 2.5 M and three-bedrooms at AED 3.25 M, per broker pages. The source listing carries no price. Binghatti's current price list and the tower and floor of the unit settle it.

What is the payment plan?

20% on booking, 50% in monthly instalments from December 2024 to September 2026, and 30% at handover. On AED 975,000 that is AED 195,000, AED 487,500 and AED 292,500, plus AED 39,000 of DLD fee. As the monthly schedule has ended, the past-due instalments are payable at signing.

When is the handover?

December 2026, or Q4 2026, on every source checked. The SPA date for your tower binds the developer; the Dubai REST app shows construction progress.

How many towers and units are there?

Three towers, each with 48 residential floors over five podium levels and four or five basements, and an estimated 3,333 apartments in total.

Does it qualify for a Golden Visa?

The two-bedroom from AED 2.5 M and the three-bedroom from AED 3.25 M clear the AED 2 million threshold. The studio and one-bedroom do not.

What rent and service charge should I expect?

Neither is published for Skyrise. Business Bay guides quote studio rents of AED 68,000 to 82,000 a year, about 7% to 8.4% gross on AED 975,000, and an average service charge near AED 14.75 per sq ft, about AED 6,220 a year on 422 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 975,000 studio is about USD 265,000, just over one person's LRS allowance of USD 250,000 a year and inside a couple's USD 500,000.

What is DLD permit 0220122314?

A broker page prints it for Skyrise. Numbers in that format appear on Dubai property adverts as marketing permits; it is not the DLD project number. Ask Binghatti for the project number and check it on the Dubai REST app.

Compare with other Dubai projects

Also in Business Bay: Binghatti Skyhall (from AED 985K, off-plan), The Bay (from AED 900 K, ready), Marquise Square (from AED 1,070,000, 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: Green Diamond One (from AED 975,000, ready), Samana California 2 (from AED 975K, handover 2027) and Bond Enclave (from AED 977.78 K, handover 2027).

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.