Mercedes-Benz Places | Binghatti City: the 20/50/30 payment plan explained
Mercedes-Benz Places | Binghatti City in Meydan is sold with 20% at booking, 50% during construction and 30% at handover. What each share covers, when it falls due and where the money goes.
The structure in one line
Mercedes-Benz Places | Binghatti City, a planned 12-tower community in Meydan announced by Binghatti on 15 January 2026, is sold off-plan with 20% at booking, 50% during construction and 30% at handover. The construction share is the heaviest among the verified plans in our selection, meaning more of the price is paid while the Grand Promenade and the towers are being built, and a comparatively lighter share is due at completion.
Availability spans studios to five-bedroom homes, with current prices on request from your adviser.
What each tranche represents
| Stage | Share | What it covers |
|---|---|---|
| Booking | 20% | Reserves the unit, signs the sales agreement, opens the escrow file |
| Construction | 50% | Milestone instalments as the towers and the Grand Promenade progress, according to the schedule in your contract |
| Handover | 30% | Settled before the keys and title deed transfer |
Because half the price is collected during construction, a buyer here commits more steadily over the build period than at Coastal Haven or Golf Residences, where most of the balance sits at one end of the timeline.
When each payment falls due
Booking is due at signature of the sales agreement. The 50% construction share is not one payment; it is spread into instalments tied to progress on site, as stated in your contract, not to fixed calendar dates. The 30% handover share is the final payment, due once the residence is ready, before you receive the keys. Your adviser confirms the exact sequence for your unit and tower from the sales documents in force, since availability and terms can vary by tower in a multi-tower community of this scale.
Where the money goes
Every instalment is transferred to an escrow account opened for this project at a UAE bank, controlled by the Dubai Land Department. Binghatti cannot draw on these funds freely: release follows certified construction progress, verifiable at any time through the DLD's Project Status Enquiry service. For a buyer transferring funds from India, the Gulf or Europe across several years of instalments, this regulatory control is what makes a long construction schedule workable at a distance.
What you prepare at each step
- At booking: passport copy, proof of funds for the 20%, signed sales agreement, confirmation of the specific tower and unit.
- During construction: a standing international transfer arrangement with your bank for the 50% share, since it arrives across a series of milestones over the build period rather than as one sum.
- Before handover: the 30% balance, plus acquisition costs on top of the unit price, including the Dubai Land Department's 4% registration fee and the Oqood registration for off-plan sales.
- If financing part of the 30%, tell your adviser at booking. Bank financing remains subject to the lender's approval and valuation, never guaranteed in advance.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Why the schedule suits a steady-payer profile
A 20/50/30 structure asks for the largest share while the community is under construction rather than concentrating it at booking or at handover. This can suit a buyer with steady income who prefers predictable instalments over a long build period, as opposed to one who wants to keep most of their cash available until completion, which is closer to how Coastal Haven's 20/80 works. Weigh this against your own cash flow before choosing a tower and unit, and ask your adviser for the current release phase, since terms can differ across the community's twelve towers.
Reserving from abroad
- Send your budget and preferred home type to Orven on WhatsApp.
- Receive current availability by tower, floor plans and the exact schedule for a matching unit.
- Sign the sales agreement electronically with a copy of your passport.
- Transfer the 20% to the escrow account with the proof of source of funds your bank requires.
- Follow the construction instalments as confirmed by your adviser, then settle the 30% before handover.
See the Mercedes-Benz Places | Binghatti City page for the current release, and compare this structure with the other verified plans in our guide on comparing off-plan payment plans in Dubai. Brokerage is carried out through ORVEN REAL ESTATE BROKERAGE L.L.C S.P.C (Economic License No. CN-6800129, ADRA).
FAQ
Does the 20/50/30 plan apply to every tower in Binghatti City? Ask your adviser to confirm the schedule in writing for the specific tower and unit you reserve, since a community of this scale can release towers in phases.
Can the 30% at handover be financed? For some non-residents, subject to a UAE bank's approval and valuation near completion. Possible, not guaranteed.
How are the 50% construction instalments spread over time? According to the milestones stated in your sales agreement, not fixed calendar dates. Your adviser confirms the sequence at booking.
Where is my money held between instalments? In the project's escrow account at a UAE bank, controlled by the Dubai Land Department, released to the developer as construction milestones are certified.
What is included in the Mercedes-Benz Places | Binghatti City community? The published amenities include the Grand Promenade green space, water features and shaded groves, art pavilions, active circuits, twelve sporting clubs and indoor resident facilities.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Frequently asked questions
Does the 20/50/30 plan apply to every tower in Binghatti City?
Ask your adviser to confirm the schedule in writing for the specific tower and unit you reserve, since a community of this scale can release towers in phases.
Can the 30% at handover be financed?
For some non-residents, subject to a UAE bank's approval and valuation near completion. Possible, not guaranteed.
How are the 50% construction instalments spread over time?
According to the milestones stated in your sales agreement, not fixed calendar dates. Your adviser confirms the sequence at booking.
Where is my money held between instalments?
In the project's escrow account at a UAE bank, controlled by the Dubai Land Department, released to the developer as construction milestones are certified.
What is included in the Mercedes-Benz Places | Binghatti City community?
The published amenities include the Grand Promenade green space, water features and shaded groves, art pavilions, active circuits, twelve sporting clubs and indoor resident facilities.
Continue reading
Payment plans
Paying a Dubai developer from a bank account abroad: the compliance steps
What happens when you pay a Dubai developer from an account held abroad: AED pricing, the escrow account, the documents the bank and developer request, and why there is no crypto or third-party payment shortcut.
Read the guide →
Payment plans
Transferring from a Mauritian bank to a Dubai project's escrow account
How a payment moves from a Mauritius-based bank to the escrow account of a Hilton Residences unit in Dubai: documents expected, currency, and what to confirm with your own bank.
Read the guide →
Payment plans
Paying for Batumi Property from Israel
Batumi prices are published in US dollars or Georgian lari, exactly as shown, with no fixed conversion applied. What your bank will ask for, and the NAPR registration fees to expect.
Read the guide →
Payment plans
Dubai Payment Plans for an Israeli Buyer, Compared
Coastal Haven's 20/80, Hilton Residences and FAUCHON's 20/40/40, Luxury Canal and Sanctuary's 20/45/35, Golf Residences' 20/20/60: the Prestige One plans, with amounts per AED 2 million.
Read the guide →INVESTOR GUIDES