Binghatti · Business Bay · Construction Update
Bugatti Residences Construction Update - December 2024
December 2024 Inspection Records Bugatti Residences at 20.04% as Structure Works Progress in Business Bay
With foundations complete and structure works rising on plot 83, the 06 December 2024 inspection placed Bugatti Residences at 20.04% in the DLD project register.
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Second DLD Register Reading
Bugatti Residences Construction Snapshot
A 20.04 point rise since May 2023 moves Bugatti Residences out of enabling and foundations and into the superstructure band, the stage in which the readings that follow track a 45-floor frame rising over four basements.
Bugatti Residences by Binghatti
2547
Active
20.04%
06 December 2024
01 March 2023
184 Residences
90,065.40 sq m
Q4 2026
Data source: DLD project register reading of 20.04% for the inspection of 06 December 2024, up from 0% at the 18 May 2023 inspection, with the RERA Independent Progress Monitoring Report of the same date recording the status Main Contract - Progressing; the report itself prints no percentage. The hero photograph is a later site view, captured in November 2025 per its caption, not the site in December 2024. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: December 2024.
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This Inspection Cycle
Bugatti Residences Construction Progress Summary
Between the 18 May 2023 and 06 December 2024 inspections, Bugatti Residences moved from 0% to 20.04% in the DLD project register, a gain of 20.04 points over 568 days, or about 1.06 points per 30-day month as plain arithmetic rather than a forecast. The RERA report places that gain below ground and in the first structural floors of the tower.
- Enabling works on plot 83, recorded complete in the RERA report
- Foundation works beneath the four basement levels
- Appointment of the main contractor, now working at site
- Structure works progressing, per the 06 December 2024 inspection notes
- Mobilisation works still under way on site
- Lower floors under formwork and reinforcement in the inspection photographs
- Basement and podium works with exposed rebar beside a tower crane
- The upper frame: health club level, 45 floors and the roof
- Block walls with the internal and external finishing packages
- Handover of the 184 Residences, expected in Q4 2026
Payment Linked Progress
What 20.04% Progress Means for Bugatti Residences Buyers
With foundations recorded as complete and the frame under way, a 20.04% reading marks the stretch in which construction-stage payments carry the most weight. Under the indicative 20/50/30 plan on record, to be confirmed in the Binghatti SPA, the 50% during-construction share belongs to this period, and the SPA rather than the register sets its timing. Four actions matter most while the structure rises.
Verify the escrow account
Each construction-stage payment for Bugatti Residences should reach only the DLD regulated escrow account registered for project 2547, held with Sharjah Islamic Bank according to the RERA report. Bugatti Residences escrow account verification is the step before any transfer; the lookup itself takes about two minutes against the official DLD project record.
Reread your SPA milestone schedule
Check whether your sale and purchase agreement ties the during-construction share to calendar dates or to construction stages, and how it frames the handover notice against the Q4 2026 expected handover. Not sure how your installments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Book the snagging window
At 20.04% the frame is only beginning to climb, so the pre-handover inspection belongs to the finishing months before Q4 2026, well beyond this reading. Bugatti Residences snagging inspection guide sets out what branded-residence buyers check at acceptance.
Track the structure readings
During the superstructure stage each new reading reflects the frame added since the last one. Bugatti Residences construction updates hub sets the readings side by side so the pace between them stays visible.
General framework, not legal advice: milestone definitions, payment timing, and notice periods are set by your individual SPA and the DLD record, and both should be read directly.
Buying at 20.04%?
Entering while the structure rises trades part of the payment-plan runway for evidence: the foundations are recorded as complete and the frame is under way, while most of the build and all of the finishing still lie ahead. Every payment goes to the DLD-registered escrow account for project 2547, released against recorded construction progress.
- Enabling and foundation works recorded complete on 06 December 2024
- Expected handover Q4 2026, roughly two years after this reading
- The during-construction share of the 20/50/30 plan scheduled by your SPA
- Ground risk carried from an empty plot onward
- The longest wait between booking and handover
- The full construction share spread across the whole build
Limited Availability listed on the project page at the time of publishing; prices and availability shift between cycles.
About the Development
Bugatti Residences Project Details
By the December 2024 inspection Bugatti Residences had moved from paper to concrete: foundations finished beneath plot 83 and the frame of a 45-floor branded tower over four basements rising toward its planned 184 Residences. Starting prices: AED 19.4M ≈ USD 5.28M.
Buying during the structure stage weighs a long wait to the Q4 2026 expected handover against seeing the foundations recorded before committing.
Bugatti Residences by Binghatti Project GuideSite Context This Cycle
Explore Bugatti Residences Location on Dubai Map
Plot 83 sits between the canal side of Business Bay and Al Khail Road, close to Burj Khalifa Boulevard, and the RERA photographs of 06 December 2024 show what that means on site: basement and podium works with exposed reinforcement and a tower crane working tight against finished neighbouring towers, so the frame climbs inside a built street block rather than on open ground.
Business Bay's roads, canal frontage and utility networks were long in service by December 2024, so this record follows a single building inside a working district, not a district still being built; the developer's location map puts Burj Khalifa and The Dubai Mall about six minutes away by car. See where the plot sits on the interactive Dubai real estate map. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in Bugatti Residences While the Structure Rises
In the superstructure stage the live questions are which payments fall due as the frame rises, whether the purchase supports residency, and how handover will one day be checked. Each resource below is matched to where Bugatti Residences stood in December 2024.
Bugatti Residences Construction Updates
This page: the 06 December 2024 reading for Bugatti Residences, 20.04% with foundations complete.
Bugatti Residences Golden Visa: Four Tiers Nearly Ten Times Over
Bugatti Residences is Binghatti's freehold Business Bay tower, and all four tiers clear the AED 2M line by a wide margin.
Read Bugatti Residences Golden Visa Guide
Bugatti Residences Escrow Account: Binghatti's Business Bay Tower
Payments for Bugatti Residences go to Sharjah Islamic Bank escrow under DLD project 2547; 191 units, 65.57% certified in September 2026.
Verify Bugatti Residences Escrow Account
Bugatti Residences Snagging: Private-Pool Mansions in a Branded Tower
Bugatti Residences is Binghatti's Bugatti-branded Business Bay tower of 184 residences; the pre-handover inspection covers each private-pool home.
Read Bugatti Residences Snagging GuideUpdate Timeline
Other Bugatti Residences Construction Updates
December 2024 is the second reading in the record: step back to the May 2023 baseline it is measured against, or forward to the inspection that followed it.
Where This Update Fits
Explore Bugatti Residences Structure
This December 2024 report is one point in a wider record: the Business Bay market the tower will compete in, the community it is joining, and the developer delivering it.
Business Bay Properties for Sale
Browse canal-front apartments, penthouses and branded residences for sale across Business Bay.
See Business Bay Properties for Sale
Business Bay Community Overview
Read the Business Bay guide: canal-front towers, offices and residences minutes from Downtown, with prices and rental demand covered.
Explore the Business Bay Community
Binghatti: Record Construction Speed and Branded Towers With Bugatti and Mercedes-Benz
Binghatti has delivered more than 60 projects since 2008, with 27 under development and two master communities across Dubai.
View the Binghatti Developer ProfileFAQs
Bugatti Residences Construction Progress in December 2024: Frequently Asked Questions
The DLD project register shows 20.04% for the inspection of 06 December 2024, the second reading logged for project 2547. The RERA Independent Progress Monitoring Report of the same date set the progress status to Main Contract - Progressing; that report prints no percentage of its own, so the figure is the register's.
The register moved from 0% on 18 May 2023 to 20.04% on 06 December 2024, a rise of 20.04 points over 568 days. Spread evenly, that is about 1.06 points per 30-day month: plain arithmetic on two dated readings, not a forecast, covering the span in which the RERA report records enabling and foundation works as complete.
The RERA report of 06 December 2024 records a main contractor appointed and progressing at site, mobilisation works still ongoing, enabling and foundation works completed, and structure works progressing. Its inspection photographs show lower structural floors under formwork and reinforcement, basement and podium works with exposed rebar, and a tower crane. The photograph at the top of this page is a later view, captured in November 2025 per its caption, not the site in December 2024.
The DLD register records a registered completion date of 31 December 2025, a date that still lay ahead at the 06 December 2024 inspection, while the expected handover is Q4 2026. The reading left 79.96 percentage points to 100%. The register's completion field is not a handover notice and may be revised in later cycles, so both dates are shown here exactly as recorded.
Under the indicative 20/50/30 plan on record, to be confirmed in the Binghatti SPA, a December 2024 reading falls inside the construction period that the 50% during-construction share covers; the SPA, not the register reading, sets when each part of that share is due. Payments for project 2547 belong in its escrow account at Sharjah Islamic Bank, as set out on the Bugatti Residences escrow account page.
With enabling and foundation works recorded as complete, the work ahead on 06 December 2024 was the rest of the concrete structure described for project 2547, up through the podium, health club level, 45 floors and roof, followed by block work and internal and external finishes. The next reading appears in the January 2026 update, and every reading is listed on the Bugatti Residences construction updates page.
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Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the December 2024 inspection record for Bugatti Residences correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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