Binghatti vs DAMAC

DAMAC is the cheaper book per sqft, at AED 1,580 against AED 3,417 for Binghatti, so Binghatti is 116% dearer per sqft. On the typical unit that reads as AED 2.67M for a median 1,423 sqft home from DAMAC, against AED 1.56M for a median 721 sqft home from Binghatti. Part of that gap is product, not premium: the two are not selling the same mix of unit.

Binghatti sells mostly 1 BR units, 1,826 priced records at a median AED 2,149 per sqft and AED 1.56M a unit. DAMAC leans to 1 BR units, 584 records at AED 1,671 per sqft and AED 1.56M a unit.

Entry pricing: the lowest published starting price is AED 450K from Binghatti and AED 536K from DAMAC.

Across 110 published plans from Binghatti, the median asks 70% before handover, with 0% carrying instalments that run past the keys. DAMAC publishes 204 plans, a median of 75% before handover and 3% with a post-handover tail.

The heavy end matters more than the median when the plan is the reason to buy. 92% of Binghatti plans want 60% or more before keys, against 89% of DAMAC plans. At the light end, 8% of Binghatti plans and 11% of DAMAC plans ask 50% or less.

Binghatti builds in Dubai, across 17 communities, most of it in Jumeirah Village Circle, Al Jaddaf, Business Bay. DAMAC builds in Dubai, Ras Al Khaimah, across 23 communities, concentrated in DAMAC Lagoons, Dubai Investments Park, DAMAC Hills.

Binghatti peaks in 2027, when 23 of its 54 tracked projects are scheduled to hand over. DAMAC peaks in 2027 with 52 of 174. Published handover dates move, so read them as developer intent rather than a delivered date.

41% of the Binghatti projects tracked are listed as sold out or out of stock, against 35% for DAMAC. That is the share of each book no longer taking new bookings at listed prices, which reads as demand on the way in and as scarcity on the way out.