Construction on the Mercedes-Benz Places hyper-tower by developer Binghatti in Downtown Dubai has advanced aggressively, reaching 65.25% completion following a comprehensive structural site audit. Vertical construction of the 341-meter, 65-story skyscraper has progressed well past its 52nd structural floor, with crews executing simultaneous mechanical, electrical, and plumbing (MEP) installations alongside the final upper-level concrete pours. The building’s iconic “Sensual Purity” aerodynamic facade, which mimics the design contours of Mercedes-Benz concept vehicles, is actively taking shape. This includes the integration of a massive 75,000-square-foot building-integrated photovoltaic (BIPV) solar array engineered to generate clean energy dedicated to powering the tower’s 40 electric vehicle charging stations. The ultra-luxury project remains strictly on schedule to meet its targeted Q4 2026 completion and handover timeline.
Capitalizing on the strong global momentum and market reception of this flagship tower, Binghatti and Mercedes-Benz dramatically expanded their joint real estate footprint by officially launching Mercedes-Benz Places Binghatti City in Meydan (Nad Al Sheba). Unveiled as a monumental AED 30 billion ($8.2 billion) megaproject spanning over 10 million square feet, this master-planned urban ecosystem will scale their initial concept into a full “city within a city” comprised of 12 architecturally synchronized towers. While the original Downtown hyper-tower nears its final structural phases to deliver 150 private-pool suites by the end of the year, this newly launched master community represents the next generation of their partnership, blending automotive design DNA, autonomous transit shuttles, and luxury branded residences on a massive civic scale. The Mercedes Benz Places tower upon completion, will redefine Dubai’s skyline alongside other tower projects such as the Dubai Creek Tower.
January 29, 2024
Binghatti Properties who are luxury-properties developers based in Dubai launched a newly branded residence in the city’s downtown,Binghatti Mercedes-Benz Places, in partnership with the German luxurious car maker company Mercedes Benz. This launching was done on Wednesday of this week. The building is also set to become the world’s first Mercedes-Benz sky scraper
Number of Apartments of the Building
The residence shall be constructed at a total cost of $1 billion. It is set to have a total of 150 apartments which will be priced from $2.7 million up to $10 million for a unit. The Mercedes Benz Places tower will contain two, three, four-bedroom units, as well as five-bedroom penthouses, along with both duplex and triplex apartments. As reported earlier, each of the units in the tower will come with its own private swimming pool.
Facilities of the Binghatti Mercedes-Benz Places
This upcoming Binghatti Mercedes-Benz Places residential tower will also constitute quite a number of facilities. It will contain a range of restaurants, sports zones, wellness areas, and a number of lounges, and even spaces that will be used for exhibition purposes. Other additional facilities will include electric vehicle charging spots. The Mercedes Benz Places will also include services such as chauffeuring services, automated valet parking, smart mobility apps, and lastly there will be bike and scooter sharing.
The duplex will constitute six bedrooms. It will also have a private gym and a spacious office among other facilities. As for the triplex, it will constitute of a private gym, a cinema, and a spa.
Height and Number of Storeys of the Tower
The Mercedes Benz Places Tower will stand at 1,118 feet have a total of 65 storeys. According to the CEO of Binghatti Properties, the façade is set to span over an area of 75,000 square feet in order to generate enough energy that will be utilized for the charging of 40 vehicles in a single day. This amounts up to 20,000 kilometers of carbon-free trips.
“There are quite a number of people who want to live and are end users. Then, there are others who are seeking good investment. In the automotive world, the might not have the ability to surpass certain price tags, but coming to brick and mortar, there is usually a rationale behind the yield and capital benefits and all the potential offered by such product. This eventually makes it highly lucrative for the potential investors to purchase such a product,” the CEO added.
The property market of Dubai has emerged as among the most lucrative and hottest in the world in the past few years. This makes the Mercedes Benz Places tower to be another high-stakes bet in terms of capital returns for its investors.
Location of the Binghatti Mercedes-Benz Places Tower
The Binghatti Mercedes-Benz Places will be located near the Dubai Mall, the Museum of the Future, and the Burj Khalifa. Its strategic position enables it to offer a clear view of the Burj Khalifa which is the tallest building in the world.
At the beginning of this year, Bighatti also partnered with the luxurious carmaker Bugatti on coming up with a luxurious penthouse located in Dubai that was priced at a cost of USD204.22 million.
Project Factsheet
Developer: Binghatti Developers
Brand Partner: Mercedes-Benz
Location: Downtown Dubai, UAE
Project Type: Ultra-luxury Residential Hyper-Tower
Structural Breakdown: 3 Basement Levels + Ground Floor + 5 Podium Levels + 65 Floors
Building Height: 341 meters (1,119 feet)
Total Units: 150 limited ultra-luxury residences
Ownership: Freehold
Ceiling Height: 4.2 meters (Slab-to-slab)
Architect of Record: Silver Stone Engineering Consultants
Main Contractor: Granada Europe Engineering Contracting Company
Commercials and Timeline
- Launch Price Entry: Started from AED 8.8 Million at initial launch phase.
- Payment Plan: 70/30 structure (70% during construction, 30% due on key handover).
- Target Completion Date: December 2026 (Q4 2026).
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