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Dubai has begun construction of a city project under the Mercedes-Benz brand

Dubai has begun the implementation of one of the most ambitious development projects in the emirate’s history — Mercedes-Benz Places | Binghatti City, with total investments estimated at more than $8.1 billion.

Mercedes-Benz Places Binghatti City Dubai

The project is positioned as the world’s first city under the Mercedes-Benz brand and is being developed by Binghatti in the Nad Al Sheba area. It represents the next stage of the partnership between Binghatti and Mercedes-Benz, which was previously introduced through a single branded skyscraper in central Dubai.

In 2025, Dubai launched a record number of projects

Dubai’s real estate sector saw an unprecedented wave of new project launches in 2025, setting an all-time record for market activity.

Dubai real estate project launches

Over the course of the year, developers announced a total of 648 new projects. This translates into an average of one new launch every 13.5 hours. For comparison, in the first quarter of 2024, new projects were introduced roughly once every 18 hours, clearly highlighting the acceleration in development activity amid sustained demand.

Dubai names the minimum budget needed to buy a home with a mortgage

Buying a first home in Dubai in 2026 will require buyers to have an initial capital of at least $82,000 and a stable monthly income ranging from $8,200 to $10,900, according to market participants. For properties priced up to $1.36 million, banks typically require a minimum down payment of 20%.

Dubai real estate mortgage market

For example, when purchasing an apartment priced at approximately $409,000, buyers are expected to contribute around $82,000 in personal funds. Once registration fees, bank charges and agency services are factored in, total upfront costs can rise to $98,000–109,000.

"Modest luxury" is the new trend among ultra-luxury home buyers in Dubai

Although Dubai initially made it into the world's top thanks to its 5-star chic and record-breaking architecture, it is now also gaining a reputation for its innovation, culture and art. As the market continues to grow at an exponential rate, it is also expanding and Dubai is attracting a more diverse demographic.

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In less than 2 months, Palm's new "Palm" Jebel Ali has seen sales reach AED 5 billion

A new man-made island is ready for a new round of launches for waterfront mansion sales.

Whereas Palm Jebel Ali (PJA) is preparing to sell the following homes under construction, which are considered to be the most expensive to date, the impact of sales on the island on overall real estate transactions in Dubai is already being felt.изображение 2023 11 14 132452461

 

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