1601, Mercedes Benz Places
Sold prices and rental history: sold once, by the developer in July 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Mercedes Benz Places
What is 1601 worth today?
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Source: Dubai Land Department. Updated 24 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,837 sqft
- Floor
- 16th of 51
- Parking
- 2 1
- Developer
- Binghatti
- Completed
- 2026
- Last sold
- AED 13.25M · July 2024
- Building
- Mercedes Benz Places
About 1601, Mercedes Benz Places
1601 is a two-bedroom apartment of 1,837 sqft on the 16th floor of Mercedes Benz Places, a 51-storey tower in Downtown Dubai completed in 2026 by Binghatti. The developer sold it on 24 July 2024 for AED 13,248,000, or AED 7,211 per sqft, 50% above the AED 4,796 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1601 over time
1601 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Mercedes Benz Places, and where 1601 sits
All 65 2-beds →1601 last sold in July 2024 at AED 7,211 per sqft, 50% above what two-beds in Mercedes Benz Places were fetching at the time (AED 4,796). Over the last 12 months two-beds sold for AED 2,275,000 to 14,000,000, around AED 2,073 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Dec 202525 December 2025 | 2,884 sqft | 14,000,000 | 4,854 | ||
| 21 Nov 202521 November 2025 | 1,097 sqft | 2,275,000 | 2,073 | ||
| 15 Nov 202515 November 2025 | 2,535 sqft | 7,805,000 | 3,078 | ||
| 10 Nov 202510 November 2025 | 4,390 sqft | 9,100,000 | 2,073 |
Mercedes Benz Places
Building101 apartments, 2-bed to 4-bed over 51 floors in Downtown Dubai, completed in 2026 by Binghatti. 11 sold in the last 12 months.
- Typical price per sqft
- AED 5,005 Down 6.0%
- Typical sale
- AED 17.16M
- Typical rent
- Few contracts
- Typical yield
Other units on the 16th floor
All 101 units in Mercedes Benz Places1601, Mercedes Benz Places in numbers
- Sold once: by Binghatti on 24 July 2024 for AED 13,248,000, or AED 7,211 per sqft.
- Two-beds in Mercedes Benz Places sold for AED 2,275,000–14,000,000 in the 12 months to November 2026; the building's median across all types is AED 5,005 per sqft.
Source: Dubai Land Department. Updated 24 July 2024.
Questions about 1601, Mercedes Benz Places
What did unit 1601 last sell for?
AED 13,248,000 on 24 July 2024, sold by the developer: AED 7,211 per sqft for 1,837 sqft. It is the only registered sale of the unit.
How big is unit 1601?
1,837 sqft (170.7 sqm): a two-bedroom apartment on the 16th floor of a 51-storey tower completed in 2026.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mercedes Benz Places sold for AED 2,275,000 to 14,000,000 in the last 12 months, around AED 2,073 per sqft.
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Mortgage on 1601, Mercedes Benz Places
Starts from the last sale price (AED 13.25M, 24 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 13,248,000
- Deposit, UAE resident (20%)
- AED 2,649,600
- Deposit, non-resident (40%)
- AED 5,299,200
- Monthly over 25 years at 3.7%
- AED 54,202
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →