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Hello everyone. A 40 storey tower in Dubai with prices from AED 775,000. Today, Skyterraces by Binghatti is what we are looking at today!
For prices, taxes and the whole buying process, see our guide: Dubai Property Guide
Apartment types, current price range and location: see the project page
Skyterraces is a 40 storey residential tower rising in Motor City, one of Dubai’s settled, family friendly districts. The scheme reflects Binghatti’s iconic facade design and holds commercial units at podium level. Completion is planned for December 2027.
Prices
- Apartments: AED 774,999and up
- studio, one, two and three bedroom options
- Apartment size: 30 m²and up
- A 40 storey tower, with commercial units on the podium
- Completion: December 2027
- Developer: Binghatti Developers
- Address: Motor City, Dubai
Binghattiis a developer that stands out in Dubai for its recognisable facade design and has delivered a great many schemes in recent years. Producing joint projects with brands such as Mercedes-Benz shows the company’s strength on the marketing and brand side. Its entry level pricing strategy opens the door for investors coming into Dubai for the first time.
Why Skyterraces?
Motor City is not one of Dubai’s speculative new districts; it is a settled community with its schools, shops and parks. Against that, the entry price is clearly below Downtown and Marina. AED 775,000 counts as a low level at which to buy a tower apartment in Dubai.
- Links to the city centre via Al Qudra Road and Sheikh Mohammed Bin Zayed Road
- Dubai Sports City and Arabian Ranches are neighbouring districts
- A short drive to Dubai Marina and Downtown Dubai
- Motorway access towards Al Maktoum Airport and Expo City
- Supermarkets, schools and healthcare within the district
Daily life
Motor City takes its name from the race circuit within it and has a flatter, calmer fabric than Dubai’s tower heavy districts. First Avenue Mall covers everyday needs. There are international schools and sports facilities in the area.
Rental yield and tenant profile
The tenant profile is mostly middle income families and professionals. Motor City is among the districts with a relatively high rental yield in Dubai; the low entry price supports that rate. No income tax is charged on rental income in Dubai.
Communal areas and specification
- Swimming pool and sundeck
- Fitness merkezi
- Children’s play areas
- Landscaped communal areas
- Commercial units at podium level
- Generous terraces and glazed facades
- Parking
Who is buying?
Investors who want to enter Dubai on a low budget and buyers who put the rental yield first. Studios and one bedroom apartments are the most liquid segment to let.
Total cost: what you actually pay when you buy at Skyterraces
There is no stamp duty in Dubai; its equivalent is the Land Department (DLD) transfer fee of 4% of the sale price. The table below is indicative, based on the entry price.
| Item | Amount |
|---|---|
| Property price | AED 774,999 |
| Land Department transfer fee (DLD, 4%) | AED 31,000 |
| Registration and administration fees | about AED 4,200 |
| Approximate total | AED 810,199 |
With a loan there are mortgage registration and bank charges, and if you let the property, management commission. For purchases on the United Kingdom side, use our purchase cost calculator page.
What to Check Before You Decide
- Completion is in 2027; no rental income begins during the payment plan.
- Binghatti delivers a great many schemes in the same period; keep an eye on the concentration of supply in the district.
- Motor City is not on a metro line; transport depends largely on a car.
- Settle the service charge and maintenance rates before purchase.
- On off plan purchases, check the payment plan and the completion guarantees in the contract.
How does Skyterraces compare with the alternatives?
- Ellington House: a more boutique, design led alternative in Dubai Hills Estate.
- Damac Tower: for anyone wanting a Dubai brand in London.
- One Trafford Edge: for anyone wanting to look at the England side on a similar budget.
We can work out together which project fits your goal, judged on budget, intended use and exit plan. We can also compare the areas of Dubai that fit your budget on yield and liquidity.
Answers to the most common questions on this topic: Can You Buy Property in Dubai in Instalments? How Payment Plans Work
