Sky Terraces by Binghatti: Prices in a 40 Storey Tower in Motor City

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Hello everyone, 40 storeys a tower, generous terrace space and social areas on the roof. Today, from Motor City, SKY TERRACES by Binghatti is what we are looking at today!

For prices, taxes and the whole buying process, see our guide: Dubai Property Guide

Motor Cityis one of Dubai’s residential districts with established infrastructure: a self sufficient community with the Dubai Autodrome circuit, parks, schools and shops. Binghatti Developers here is about 40 storeys is developing a residential tower. Large glazed facades, high ceilings, open plan layouts and the feature the scheme takes its name from, generous terrace space. Options from studios to three bedrooms. Yes, you read that correctly: an apartment in a 40 storey tower at this price.

Prices

• Residences: AED 774,999and up
• Studio, 1, 2 and 3 bedrooms options
• Size: 30 m²and up
• Approximately 40 kat, a total of more than 1,800 apartments
• Konum: Motor City, Dubai

This is one of the largest scale Dubai developments in our portfolio. More than 1,800 apartments carries both an advantage and a risk, and we set out both openly below.

Why Sky Terraces?

Motor City: a settled community

New districts in Dubai can stay "developing" for years: no school, the shops far away, the surroundings a building site. Motor City passed that stage long ago. The Dubai Autodrome, parks, schools, shops and restaurants are already there. That is an advantage which removes the question "when will this district settle?"

• Motor City: a self sufficient community with parks, schools, shops and restaurants
• Dubai Autodrome the circuit and motorsport facilities in the district
• Sheikh Mohammed Bin Zayed Road connections to every part of the city
• Dubai Marina and Mall of the Emirates a short drive away
• Generous green space and walking trails built into the district plan

Terraces and rooftop social areas

The name is no accident: generous terrace space sits at the centre of the design. The social areas on the roof open the best view a 40 storey tower can offer to shared use. For anyone living in a compact layout, shared areas of this kind effectively enlarge the apartment.

Daily life: a self sufficient neighbourhood

A morning swim in the pool or a coffee on the roof terrace, then into the centre on Sheikh Mohammed Bin Zayed Road. Lunchtime in Motor City’s parks. The restaurants and shops of the district in the evening, all within walking distance. At the weekend an event at the Dubai Autodrome, or Dubai Marina a few minutes away. Motor City is a district families favour, away from Dubai’s tower density.

Sky Terraces rental yield

The entry price in Motor City is reasonable and demand is steady thanks to the established infrastructure. In this segment the gross rental yield is typically 7% to 8% band.

Tenant profile: families living in the district and professionals working in various parts of Dubai who are looking for a more affordable rent. Motor City’s settled character keeps tenants for a long time. And again: from that income no tax is withheld. For comparison, in Zone 1 London the gross yield sits in the 3.5-4% band and you pay income tax on that income.

The shared areas and the details that set Sky Terraces apart

• Generous terrace space: the design element the scheme takes its name from; it carries the living space of the apartments outside.
• Rooftop social areas: the best view in a 40 storey tower, in shared use.
• Swimming pool: A pool and sun terrace for residents only.
• Fitness facilities: A fully equipped gym with no membership needed.
• Landscaped living areas: Shared greenery around the tower.
• High ceilings: A sense of space even in compact layouts.
• Large glazed facades: Plenty of natural light and a panoramic view.
• Binghatti’s architectural signature: A facade language you can pick out on the Dubai skyline.

Who is buying?

This project yield focused investors and of those who want to live in a settled district choice. An AED 775,000 entry price and a yield of 7% to 8% make a strong start for anyone investing in Dubai for the first time. Motor City’s family friendly character is also attractive to anyone buying for their own use. A sensible balance for those who want tower living without paying central prices.

Frequently asked questions

Is 1,800 apartments not too many? This is the scheme’s most important risk and it should be said honestly. At handover hundreds of apartments from the same scheme will reach the rental and sale markets, which can create price pressure in the short term. Against that, the scale allows a richer set of shared areas and spreads the service charge. A manageable risk for an investor taking a long view, not for someone planning a short term exit.

Is there a metro in Motor City? No. Public transport in the area is limited; in practice you need a car for daily life and commuting.

Will 30 m² let? Studios in Motor City are favoured by single professionals and young couples. It is a liquid segment to let, but it may feel tight for your own use.

What is the tenure? Motor City is a freehold area; foreign nationals can hold full title.

Total cost: what you actually pay when you buy at Sky Terraces

This is where Dubai’s biggest advantage shows: no property tax, no capital gains tax, no tax on rental income. Where an investor in the United Kingdom deals with stamp duty, income tax and capital gains tax on sale, an individual investor in the Emirates faces none of them. What there is instead is a one off transfer cost. Let us work it out on an apartment worth AED 774,999:

Government fees come to roughly 4.5% of the price; add the agency commission and the total acquisition cost lands in the 6-7% band. With a mortgage there is also a mortgage registration fee of 0.25% of the loan plus bank charges. On resales the developer’s no objection certificate (NOC) can cost between AED 500 and AED 5,000.

The only recurring item after that is the service charge: In the Emirates this charge is calculated per square foot per year and is supervised by the Dubai Land Department. It varies a great deal with the quality of the building and its amenities, and because it feeds straight into the net yield you should always ask for the current figure before buying. We obtain it for every apartment on your behalf.

Golden Visa: ten year residency through property

This is the biggest difference between investing in Dubai and investing in the United Kingdom. Buying property in the UK gives you no right of residence; in the United Arab Emirates, AED 2 million owning residential property worth a ten year Golden Visa. The visa covers your spouse and children as well.

In this project the entry price sits below the threshold. An apartment at the AED 774,999 level is not enough on its own; roughly a further AED 1,225,001 is needed to reach the threshold. The good news is this: the value of several properties can be combined. You can reach the threshold with a larger apartment in the project or with a second property; we work out which combination gets you there.

The rules were relaxed in 2026, and this matters:

• Mortgaged property is accepted as well. A "paid up amount" or a "50% equity" condition used to apply; now the total value reaching AED 2 million is enough.
• Off plan property counts too (provided it was bought from an approved developer). So you can spread the payments across the build and still reach the threshold.
• The value of more than one property can be added together. You do not have to buy a single expensive apartment.

Visa rules are updated from time to time, so we confirm the current conditions with you before an application. If residency is part of your plan, it belongs at the start of the purchase decision, not at the end.

The Sky Terraces buying process, step by step

If you are buying from another country, the process runs like this:

• 1. Choosing the apartment and reserving it. We settle the floor plan, the tower and the aspect. The reservation form is signed and a down payment of usually 5-10% of the price is made.
• 2. Sale and purchase agreement (SPA). The contract with the developer is signed and the payment plan is fixed. The signature can be given remotely.
• 3. Oqood registration. An off plan purchase is registered with the DLD and the 4% DLD fee is paid at this stage. That registration is the official proof that the property is recorded in your name.
• 4. Escrow account. Your payments do not go into the developer’s pocket but into a RERA supervised escrow account, released as construction progresses. This is the single most important protection for an off plan purchase in Dubai.
• 5. Payment plan. Instalments tied to construction milestones, with the balance on handover.
• 6. Handover and title deed. Once the building is handed over the title deed is issued in your name.

You can run the whole process from your own country; you do not have to travel to Dubai. There is no restriction on foreign nationals owning property in freehold areas.

Risks and what to watch for

We have set out the strengths; in fairness there are points to watch as well. For Sky Terraces, these are the ones worth pausing on:

• More than 1,800 apartments: a great many apartments will reach the market at once at handover; there can be price and rent pressure in the short term.
• Motor City’de metro yok: Public transport is limited; a car is necessary for daily life and commuting.
• The 30 m² layouts are very compact: Liquid to let but tight for your own use, and on resale the buyer pool is limited to investors.
• Away from the centre: Downtown and Business Bay need a car; not suitable for anyone after the prestige of a central address.

None of this makes the project a bad one, but there is a wide gap between buying with your eyes open and finding out afterwards. We give every client this list up front.

How does Sky Terraces compare with the alternatives?

Before you decide, it is worth looking at the other projects in the same budget band:

• LUXURIA by Binghatti: A smaller scale alternative in JVT with a larger entry floor area.
• Belmont Residences: A boutique, low density alternative in JVT.
• SKYHALL by Binghatti: For anyone wanting a central location in Business Bay.

We can work out together which project fits your goal, judged on budget, intended use and exit plan. For an overview, our guide to UK property investment for international buyers is worth reading too.

Answers to the most common questions on this topic: Can You Buy Property in Dubai in Instalments? How Payment Plans Work