Sara Al Mansouri
Meridian Properties
+971 50 123 4567
sara@meridianproperties.ae
BRN 34781
Building market report · Downtown Dubai · August 2026
Mercedes-Benz Places/Binghatti
Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026
Period covered: Sep 24 to Aug 26 · Ref AR-B9145-202608
Key takeaways
- Median price for apartments: AED 10,379,999 (AED 49,807 per sqm), down 33.5% year on year.
- Per sqm, apartments here are 82% above the Downtown Dubai average of AED 27,377 (sales-weighted across areas).
- 9 sales recorded in August 2026, up 29% from a year earlier.
- 2 bedrooms apartments were the most traded size: median AED 9,250,000 across 6 sales in three months.
1.Apartments9 sales · August 2026
Small sample: medians for August 2026 are based on only 9 recorded sales and can swing month to month. Read the trend, not a single point.
Sale price per sqm and monthly sales · 24 months
Six-month summary
| Month | Sales | Median price | AED / sqm | Median rent | Gross yield |
|---|---|---|---|---|---|
| August 2026 | 9 | AED 10,379,999 | AED 49,807 | — | — |
| July 2026 | 2 | AED 16,730,000 | AED 59,258 | — | — |
| June 2026 | 2 | AED 17,800,000 | AED 57,251 | — | — |
| May 2026 | 0 | — | — | — | — |
| April 2026 | 0 | — | — | — | — |
| March 2026 | 1 | AED 23,000,000 | AED 75,316 | — | — |
2.By bedroomthree months to August 2026
| Type | Sales | Median price | AED / sqm | Median rent | Contracts |
|---|---|---|---|---|---|
| 2 bedrooms | 6 | AED 9,250,000 | AED 46,942 | — | — |
Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.
3.Recent saleslast 15 registered in Mercedes-Benz Places/Binghatti
| Date | Unit | Size sqm | Price | AED / sqm | Status |
|---|---|---|---|---|---|
| 19 Aug 2026 | 3 bedrooms | 252 | AED 15,000,000 | AED 59,559 | Off-plan |
| 19 Aug 2026 | 3 bedrooms | 252 | AED 22,099,999 | AED 87,751 | Off-plan |
| 19 Aug 2026 | 2 bedrooms | 236 | AED 10,000,000 | AED 42,463 | Off-plan |
| 19 Aug 2026 | 2 bedrooms | 171 | AED 8,500,000 | AED 49,807 | Off-plan |
| 19 Aug 2026 | 2 bedrooms | 171 | AED 8,500,000 | AED 49,807 | Off-plan |
| 17 Aug 2026 | 2 bedrooms | 236 | AED 10,379,999 | AED 44,076 | Off-plan |
| 17 Aug 2026 | 4 bedrooms | 332 | AED 30,000,000 | AED 90,498 | Off-plan |
| 17 Aug 2026 | 4 bedrooms | 331 | AED 30,000,000 | AED 90,500 | Off-plan |
| 12 Aug 2026 | 2 bedrooms | 236 | AED 8,500,000 | AED 36,093 | Off-plan |
| 10 Jul 2026 | 2 bedrooms | 236 | AED 12,159,999 | AED 51,635 | Off-plan |
| 8 Jul 2026 | 3 bedrooms | 318 | AED 21,300,000 | AED 66,880 | Off-plan |
| 30 Jun 2026 | 3 bedrooms | 318 | AED 17,600,000 | AED 55,282 | Off-plan |
| 9 Jun 2026 | 3 bedrooms | 304 | AED 18,000,000 | AED 59,220 | Off-plan |
| 23 Mar 2026 | 3 bedrooms | 305 | AED 23,000,000 | AED 75,316 | Off-plan |
| 26 Jan 2026 | 3 bedrooms | 318 | AED 17,160,000 | AED 53,879 | Off-plan |
Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.
4.Methodology and source
Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.
Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.
Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.
Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.