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.