Binghatti Ivory, Al Jaddaf: What the AED 2.04M Price Point and 50% Down Payment Mean for Buyers
Binghatti Ivory is an apartment project by Binghatti Developers in Dubai Healthcare City 2, within the broader Al Jaddaf district. The project sits at a single price point of AED 2,047,499. Construction began in October 2024, with completion scheduled for December 2025.
Al Jaddaf and Dubai Healthcare City 2: Location Context
Al Jaddaf occupies a stretch of the Dubai Creek's south bank, sitting between the Deira waterfront to the north and Business Bay to the south. It is not a tourist district. It is a working neighbourhood with a growing residential footprint, anchored by the Dubai Healthcare City complex.
For residents, the healthcare adjacency means reliable access to medical facilities without leaving the area. Al Jaddaf Metro Station on the Green Line connects the district to Union Station, where passengers transfer to the Red Line. Downtown Dubai is roughly a 10-minute drive. Dubai Festival City is practically next door. The Creek waterfront has been redeveloped with parks and walkways that serve as the neighbourhood's outdoor backbone.
For investors, Al Jaddaf is an established mid-density residential zone. Pricing here reflects the area's accessibility and the Healthcare City employment base rather than a tourism or marina premium.
All Apartments at AED 2,047,499
The project lists AED 2,047,499 for both the minimum and maximum price. That means either the development offers one apartment configuration at a fixed price, or available inventory is uniform in size and type. There is no spread to unpack here.
At this level, the buyer profile splits two ways: an end-user working in or near the Healthcare City precinct, or an investor targeting long-term tenants in the medical and healthcare professional segment.
Apartments in Dubai Healthcare City 2
The project offers apartments as the sole property type. The address places it within Dubai Healthcare City 2, the newer phase of the district, which has seen more recent residential construction than the original Healthcare City zone.
Amenities: Service-Oriented Building
| Category | Amenities |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor & Green Space | Landscaped Gardens |
| Food & Services | Restaurants, Valet Parking |
| Family | Children's Play Area |
Valet parking and on-site dining are operational services that set this building apart from a standard residential block. They point at a resident who values convenience. The indoor swimming pool runs year-round, which matters in Dubai where outdoor pools become impractical during the summer months. The children's play area broadens the target resident profile to include small families, not just single professionals or couples.
Timeline: Handover Window Has Passed
Construction started October 2024, with a target completion of December 2025. That date is now several months in the past. The project has likely already reached handover or is in its final completion stages. Buyers entering now are looking at an apartment that is already finished or very close to it, which removes the usual off-plan waiting period.
Getting In: 50% Required at Signing
| Stage | Percentage |
|---|---|
| Down payment | 50% |
| During construction | 20% |
| At handover | 30% |
The 50% down payment represents half the purchase price upfront. At AED 2,047,499, that commitment works out to roughly AED 1,023,750 at signing. The remaining 20% pays during the construction phase, with 30% due at handover.
There is no post-handover installment plan. The full purchase price clears at keys. The structure is straightforward, but the front-loaded capital requirement is a meaningful filter. This is not a staged-cash-flow entry.