While some automakers are still focused on developing the next electric vehicle, Mercedes-Benz has unveiled a project in a completely different category.
As automakers wrestle with the challenges of electric mobility, Mercedes-Benz has taken a bold step into real estate. In Dubai, construction has begun on Mercedes‑Benz Places – Binghatti City, a massive development billed as the world’s first “branded city.” The project represents a new era where the brand’s luxury and philosophy extend beyond vehicles, shaping an entire lifestyle.
The move comes amid a challenging period for the carmaker. Mercedes-Benz reported a sharp decline in profits: for the first nine months of 2025, net income dropped more than 50% compared to the same period last year, while adjusted profit fell a staggering 68% in Q2 alone. The reasons are complex—tariff pressures, declining sales, and intense competition in key markets. In this context, exploring new, sustainable revenue streams is not just prudent but essential to preserve financial strength and fund future innovation.
Mercedes‑Benz Places – Binghatti City marks the brand’s first collection of residences, developed in collaboration with Binghatti Developers. The concept transfers the DNA of Mercedes-Benz cars into urban architecture. Covering roughly 10 million square feet, the project includes 12 towers housing 13,000 standard residences and 150 ultra-luxury units, ranging from two-bedroom apartments to three-story, seven-bedroom penthouses exceeding 16,000 square feet. The architectural philosophy, called “sensual purity,” translates the brand’s principles of speed, aerodynamics, and elegance into building design. The centerpiece will be the stepped Vision Iconic Tower, surrounded by 11 other buildings named after iconic Mercedes concepts such as Vision One‑Eleven, Vision Mercedes Simplex, and Vision Mercedes‑Maybach 6.
Beyond residences, the development will feature retail boulevards, cultural and recreational spaces, parks, sports hubs, and restaurants. The goal is a walkable community minimizing the need to travel outside the district. Residents can expect a five-star level of service, including infinity pools overlooking the Burj Khalifa, state-of-the-art gyms, spa complexes with hammams and saunas, and 24/7 concierge service. Amenities also include yoga and Pilates studios, fencing and archery zones, climbing walls, golf simulators, and esports arenas.
The buildings will integrate smart home systems and solar panels that power EV charging stations. Located in the heart of Dubai, landmarks such as the Dubai Mall, the fountain, and the opera house are within walking distance, while Dubai International Airport (DXB) is just a 15-minute drive.
This marks Mercedes-Benz’s second joint venture with Binghatti in Dubai, reflecting the format’s success. Branded real estate in the emirate is booming, attracting global investors. For Mercedes-Benz—facing a 10% drop in sales in 2025 due to heightened competition—this project represents a strategic business expansion, turning the brand’s philosophy and values into a new revenue stream.
The official launch of Mercedes‑Benz Places – Binghatti City took place on January 14, 2026, with completion expected in Q4 2026. Entry into the private club starts at $2.7 million, with foreign buyers eligible for a long-term UAE “Golden Visa.” Where once the three-pointed star adorned the hood of a car, it now symbolizes an entire urban district—redefining how a brand can sell not just a product, but a lifestyle and philosophy.