Binghatti Elite: Handover Date & Completion Status

What is being built

Binghatti Elite is a single high-rise tower rather than a multi-block masterplan. The developer's own project page describes a structure of four basement levels, a ground floor, two parking levels and 23 residential storeys plus a roof level. The unit mix is weighted toward studios, with a smaller allocation of one-bedroom apartments; sales listings from Binghatti's own channel and third-party brokers also reference a limited number of duplex-style units. The facade follows Binghatti's recurring geometric, metallic-accent styling seen across its other towers in Business Bay and Jumeirah Village Circle.

Amenities listed across the developer's marketing and broker sites are a standard mid-market set rather than a resort offering: an adult pool measuring roughly 28m by 9.4m, a separate kids' pool, a jogging track, a basketball court, a children's play area and a pool deck.

The location in practice

The project sits in Dubai Production City (formerly the International Media Production Zone, or IMPZ), a roughly 43-million-sq-ft district in the Me'aisem 1 area along Sheikh Mohammed Bin Zayed Road (E311), next to Dubai Sports City and Jumeirah Village Triangle. The area was built as a media and production free zone and still carries that identity — it hosts business space such as the In5 Media co-working hub alongside its residential stock — while functioning day-to-day as a value-oriented rental community rather than a premium address. There is no metro station within the core district, so residents rely on the road network (Sheikh Zayed Road, Al Khail Road and Mohammed Bin Zayed Road all run nearby) or a car; Dubai Hills Mall and Mall of the Emirates are commonly cited as 8-10 minutes away by road, with Dubai Marina and Expo City further out. Tenant demand in the wider area skews toward singles, couples, relocating professionals and smaller families seeking affordable, modern units rather than luxury buyers.

Binghatti's delivery record

Binghatti Holding's FY2025 results, published by the company, show revenue of AED 12.43 billion (nearly double the AED 6.34 billion reported for 2024) and net profit of AED 3.58 billion, up 96% year on year. The company states it sold more than 17,000 units in 2025, which it describes as making it Dubai's top-selling off-plan developer by unit volume that year, against a combined completed, ongoing and pipeline portfolio it values at close to AED 100 billion. Separately, industry press has reported individual Binghatti towers — such as Binghatti Creek — being handed over in under a year from launch, consistent with the fast construction cycles (commonly 24-36 months) the developer is known for in the Dubai off-plan market. None of this guarantees Binghatti Elite's specific timeline, but it is relevant context for a buyer assessing delivery risk.

Payment plan and buying context

The developer's own listing for Binghatti Elite sets out a 20/50/30 structure: 20% on booking, 50% in instalments during construction, and the remaining 30% due at handover. Studio units are marketed from AED 600,000 by the developer, with broker portals showing asking prices for larger or higher-floor units running up to roughly AED 1.25 million. As with any off-plan purchase on this structure, the bulk of the buyer's capital is committed before the building is complete, which puts weight on the construction-progress tracking that this page provides.

What handover will mean here

On completion, units will enter a rental market where Property Finder's area data for Dubai Production City shows an average residential rent of roughly AED 51,500 a year, with studios averaging around AED 42,000 and one-bedroom units around AED 62,000, and a blended gross rental yield of about 7.7% — above the citywide average and typical of Dubai's mid-market, non-central communities. Binghatti Elite's studio-heavy unit mix positions it toward that studio and one-bedroom rental demand rather than the family-sized segment, which is the more relevant comparison for owners weighing rental income against the purchase price once the tower is handed over.