One By Binghatti: Handover Date & Completion Status

What is being built

One by Binghatti sits on Marasi Drive in Business Bay, on the canal frontage rather than set back among the district's inland office-and-apartment blocks. Binghatti's own project page and third-party portals describe a single tower of 61 residential floors over three basement levels, two podium levels and a dedicated amenity floor, with a unit mix spanning studios through four-bedroom "royal" penthouses and a small run of three-bedroom townhouse-style units. Sales launched in March 2024, with construction reported starting the same month and a developer-stated handover target of Q4 2026 — worth noting because that is a later window than the completion date some registry-fed listings carry, a gap common on large towers still mid-build.

Business Bay in practice for a premium-tier tower

Business Bay's canal-facing strip along Marasi Drive trades differently than the district's interior. Units with direct Dubai Water Canal or Burj Khalifa sightlines command a premium over the area's large stock of inland, mid-rise apartment towers built through the 2010s, many of which face other buildings rather than open water or skyline. A tower positioned on this frontage is competing less against Business Bay's broader mid-market supply and more against a narrower set of canal-adjacent developments — which matters for how it should be benchmarked on price per square foot and rent, since blended "Business Bay average" figures understate what canal-view stock actually achieves.

Binghatti's delivery record

Binghatti Developers, founded in 2008, describes itself as vertically integrated — design, engineering and construction handled in-house rather than through third-party contractors — which it cites as the basis for delivery timelines it says often run 12 to 18 months from launch on smaller projects. That claim is developer-reported and hasn't been independently audited here, so it should be read as the company's stated operating model rather than a verified average. For scale and contrast: Binghatti's other Business Bay tower, Burj Binghatti Jacob & Co Residences, is a 557-metre, 104-floor supertall with roughly 299 ultra-luxury units co-branded with the watchmaker Jacob & Co and was reported at about 12.8% complete in early 2026. One by Binghatti is a different product tier entirely — a broader unit mix at a materially lower entry price, without the branded-residence positioning — so the two towers shouldn't be read as comparable data points on delivery pace or market segment.

Payment plan

The payment structure is consistent across the developer's own listing, Property Finder and Bayut: 20% at contract signing, 50% staged through construction, and the remaining 30% due on handover. That consistency across independent sources is a reasonable indicator the structure is current, though buyers should confirm the construction-linked milestone triggers directly with the developer or a registered broker before reserving, since staged percentages are sometimes tied to build milestones that can move if the schedule slips.

What handover will mean

If Q4 2026 handover holds, units will land into a Business Bay rental market that Property Finder's January 2026 report placed at roughly AED 95,000/year for standard one-bedrooms and AED 115,000–130,000/year for canal-view or high-floor equivalents, with two-bedroom canal-view units listed in the AED 170,000–220,000/year range. Bayut's market data has put blended Business Bay apartment yields between roughly 5.1% and 6.7%, with studios at the top of that band. Bayut also recorded Business Bay rents up 18.2% year-on-year through 2025 with vacancy under 6% in Q1 2026 — but several market reports flag Business Bay specifically as an area facing new-supply pressure through the second half of 2026, which is the more relevant variable for a unit handing over into that same window than the historical growth rate.