Binghatti · Business Bay · Construction Update
Bugatti Residences Construction Update - May 2023
May 2023 Inspection Records Bugatti Residences at 0% With No Works Yet Started in Business Bay
No construction activity was found on the Business Bay plot when inspectors visited on 18 May 2023, so Bugatti Residences opens its DLD register record at 0%.
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First DLD Register Reading
Bugatti Residences Construction Snapshot
A 0% baseline on 18 May 2023 is the first reading the DLD project register holds for Bugatti Residences, logged before any works began and placing the tower at the very start of the enabling and foundations stage.
Bugatti Residences by Binghatti
2547
Active
0%
18 May 2023
01 March 2023
184 Residences
90,065.40 sq m
Q4 2026
Data source: DLD project register reading of 0% for the inspection of 18 May 2023, with the RERA Independent Progress Monitoring Report of the same date recording the status Not Started; the report itself prints no percentage. The hero image is a project rendering of the finished tower, not the site in May 2023. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: May 2023.
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This Inspection Cycle
Bugatti Residences Construction Progress Summary
The 18 May 2023 inspection is the opening entry for project 2547, so this report has no earlier reading to compare against: inspectors found no construction activity on plot 83, and the register starts the record at 0%. Around it, the register lists construction start as 01 March 2023 and project registration as 24 May 2023.
- Construction start entered in the DLD register as 01 March 2023
- RERA site inspection on 18 May 2023, status Not Started
- DLD project registration on 24 May 2023
- No construction activities found at site during the inspection
- Open sand plot edged with paving in the RERA inspection photographs
- Trust account bank named on the report: Sharjah Islamic Bank
- Enabling, excavation and foundation works for four basement levels
- Concrete structure through ground, podium, health club level and 45 floors
- Block work, internal and external finishes for the 184 Residences
Payment Linked Progress
What 0% Progress Means for Bugatti Residences Buyers
At a 0% reading nothing has been built, so a buyer's protection rests on paperwork rather than concrete: the escrow account, the registration of the unit, and the terms of the sale and purchase agreement. Against the indicative 20/50/30 plan on record, the whole construction share still lies ahead. Four actions matter most at this baseline.
Verify the escrow account
Every Bugatti Residences payment belongs only in the DLD regulated escrow account registered for project 2547, which the RERA report places with Sharjah Islamic Bank. 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 how your sale and purchase agreement defines the during-construction share and the handover notice, confirm that Oqood registration of your unit follows the booking, and map those clauses 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
With the site still untouched in May 2023, the pre-handover inspection belongs to the final finishing months before the Q4 2026 expected handover. Bugatti Residences snagging inspection guide explains what to plan for long before acceptance.
Track every inspection cycle
The next reading will be the first to show movement off this baseline. Bugatti Residences construction updates hub lists each reading in sequence as the tower rises.
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 the 0% Baseline?
Entering at the first reading trades certainty for runway: nothing is built yet, the delivery horizon is long, and the full during-construction share of the indicative plan lies ahead. Every payment goes to the DLD-registered escrow account for project 2547, released against recorded construction progress.
- No construction activity on site at the 18 May 2023 inspection
- Expected handover Q4 2026, the longest wait in the build
- The full 50% during-construction share of the 20/50/30 plan still ahead
- Structure standing and recorded in later inspections
- A shorter wait between purchase and handover
- More of the construction share due at once, as the SPA sets
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
At the May 2023 inspection Bugatti Residences existed on paper and in the register only: a branded tower of 45 floors over four basements, ground, podium and health club levels, planned for 184 Residences. Starting prices: AED 19.4M ≈ USD 5.28M.
Buying at the baseline trades the longest wait in the build for the earliest position in the payment plan, with handover expected in Q4 2026.
Bugatti Residences by Binghatti Project GuideSite Context This Cycle
Explore Bugatti Residences Location on Dubai Map
Bugatti Residences is planned for plot 83 in Business Bay, between the canal side of the district and Al Khail Road, close to Burj Khalifa Boulevard. In the RERA photographs of 18 May 2023 the plot is open sand edged with paving and lined by finished towers, so the first works here will be enabling and excavation for four basement levels inside an already built district.
Business Bay was an established district by May 2023, with completed roads, canal frontage and utility networks, and the developer's location map puts Dubai Opera and The Dubai Fountain about five minutes away by car. For a buyer at the baseline, the neighbourhood carries little readiness risk; the open question is the building itself. See the plot's position 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 From the First Inspection
At the baseline the questions that matter are residency eligibility, payment protection from the first installment, and what handover will one day require. Each resource below is matched to where Bugatti Residences stood in May 2023.
Bugatti Residences Construction Updates
This page: the 18 May 2023 baseline for Bugatti Residences, recorded at 0% before works began.
Bugatti Residences Golden Visa
See whether an off plan Bugatti Residences purchase supports 10-year UAE Golden Visa residency eligibility.
Read Bugatti Residences Golden Visa Guide
Bugatti Residences Escrow Account
Confirm the DLD-registered escrow account for project 2547 before your first Bugatti Residences installment.
Verify Bugatti Residences Escrow Account
Bugatti Residences Snagging Inspection
At 0% the snagging window is years away; see what Bugatti Residences buyers check before acceptance.
Read Bugatti Residences Snagging GuideUpdate Timeline
Other Bugatti Residences Construction Updates
This is the first reading in the record; follow how Bugatti Residences moved off this baseline in the inspections that came after it.
All Bugatti Residences Construction UpdatesWhere This Update Fits
Explore Bugatti Residences Structure
This baseline report sits inside a wider record: the Business Bay market around the plot, the community the tower joins, and the developer building 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 Developer Profile
Explore Binghatti - bold branded architecture and fast delivery, from Bugatti Residences to Mercedes-Benz Places.
View the Binghatti Developer ProfileFAQs
Bugatti Residences Construction Progress in May 2023: Frequently Asked Questions
The RERA inspection of 18 May 2023 found no construction activities at the Business Bay site and set the progress status to Not Started. The DLD project register shows 0% for that inspection, the first reading logged for project 2547; the RERA report itself prints no percentage.
Because 18 May 2023 is the first inspection on record for project 2547, there is no earlier reading to measure against and no pace to calculate. The 0% figure is the baseline that every later Bugatti Residences reading is compared with, beginning with the December 2024 update.
As recorded in the DLD project register: construction start 01 March 2023, first inspection 18 May 2023, project registration 24 May 2023, and a registered completion date of 31 December 2025. The expected handover is Q4 2026. The registered completion date is a register field rather than a handover notice, and registered dates can be revised between inspection cycles.
The RERA inspection photographs from 18 May 2023 show an open sand plot edged with paving, with completed Business Bay towers behind it and no works under way. The night exterior image at the top of this page is a project rendering of the finished tower, not a view of the site in May 2023.
At the baseline the useful checks were documentary: that the project appeared in the DLD register as project 2547, that payments were directed to the escrow trust account the RERA report names at Sharjah Islamic Bank, and that the sale and purchase agreement matched the indicative 20/50/30 plan on record, to be confirmed in the Binghatti SPA. How escrow protection applies to this project is set out on the Bugatti Residences escrow account page.
The next update in this record is the December 2024 inspection, published on its own page with the reading recorded then. Every reading is listed in sequence on the Bugatti Residences construction updates page, and the DLD project register for project 2547 on Dubai REST shows the latest entry.
A Question the FAQ Can Not Answer?
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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 May 2023 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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