<h2 class="">World’s Tallest Residential Tower In Dubai’s Business Bay in 2027</h2>﻿Have you ever dreamed of living among the clouds? The upcoming <a href="https://inchbrick.com/properties/burj-binghatti-jacob-co-residences" target="_blank">Burj Binghatti Jacob</a><a href="https://inchbrick.com/properties/burj-binghatti-jacob-co-residences" target="_blank"> &amp; Co Residences</a>, set to be completed in 2027, will soon make that a reality. This iconic skyscraper in <a href="https://inchbrick.com/location-in-dubai/business-bay" target="_blank">Business Bay</a>, Dubai, will be the world's tallest residential building, over 100 stories high. With breathtaking views of <a href="http://" target="_blank">Downtown Dubai</a>, the <a href="https://inchbrick.com/blogs/burj-khalifa-and-dubai-a-dreamy-experience" target="_blank">Burj Khalifa</a>, and the Dubai Canal, this <a href="https://inchbrick.com/new-launch-projects" target="_blank">new launch project in Dubai </a>will surely be a landmark on the city's skyline.<h2 class=""><img src="https://cdn.inchbrick.com/upload-editor-file/1724746413093_d1e49286-3250-4a86-bf77-3cdd4769be3e.jpg" alt="Largest residential tower in Dubai - Inchbrick Realty" style="font-size: 2rem; text-align: var(--bs-body-text-align);"></h2><img src="https://cdn.inchbrick.com/upload-editor-file/1724823368241_15e13092-3a1a-4e07-aca3-467cf73d3fae.jpg" alt="residential tower in Dubai - Inchbrick Realty"> The ultra-luxury residences in this tower will offer two distinct collections: The Sapphire Suite Collection with <a href="https://inchbrick.com/residential-properties/apartments-for-sale-in-dubai" target="_blank">two-bedroom apartments</a><a href="https://inchbrick.com/residential-properties/apartments-for-sale-in-dubai" target="_blank"> </a>and The Emerald Suite Collection featuring<a href="https://inchbrick.com/residential-properties/apartments-for-sale-in-dubai" target="_blank"> </a><a href="https://inchbrick.com/residential-properties/apartments-for-sale-in-dubai" target="_blank">three-bedroom apartments</a>. For those who desire even more exclusivity, there will be five Billionaire <a href="https://inchbrick.com/residential-properties/penthouse-for-sale-in-dubai" target="_blank">Penthouses</a>, each uniquely inspired by Jacob &amp; Co's luxurious watch designs.
Inside, residents will have access to a range of world-class amenities, including an infinity pool, a luxury spa, a state-of-the-art gym, and an exclusive private members' club. The building will also offer concierge services, such as private chefs, bodyguards, chauffeurs, and more.
Jacob &amp; Co, renowned for their exquisite jewelry and watches, have teamed up with <a href="https://inchbrick.com/top-real-estate-developer-in-dubai/binghatti-2" target="_blank">Binghatti</a>, a leading Emirati property developer, for this ambitious project. "We drew inspiration from the intricate mechanisms found in Jacob &amp; Co timepieces and incorporated these into the tower’s design," said Muhammad Binghatti, CEO and head of Architecture at Binghatti. "The diamond-shaped spires at the top of the tower resemble a crown, echoing the elegance of Jacob &amp; Co's finely crafted gems." <img src="https://cdn.inchbrick.com/upload-editor-file/1724823407561_96964cb9-c58c-4cce-a263-24874eb64181.jpg" alt="residential tower in Dubai - Inchbrick Realty"> Burj Binghatti Jacob &amp; Co Residences, an architectural marvel located in the heart of Dubai, set a new standard for luxury living with its impressive 116 floors.Designed for those with a taste for the extraordinary, this iconic tower offers a selection of penthouse and duplex homes, featuring 5, 6, and 7-bedroom super-luxury residences. Each home comes with a private swimming pool and provides breathtaking 360-degree views of Dubai's skyline, including landmarks such as Burj Khalifa, Creek Harbour, Tower Garden, and the tower’s exclusive amenities.The project offers a flexible 70/30 payment plan, ideal for investors and those seeking a magnificent home in Dubai's vibrant center.&nbsp;Although the exact height of the tower is still a secret, the Burj Binghatti Jacob &amp; Co Residences will need to surpass New York’s Central Park Tower, which is 472 meters tall, to become the tallest residential building in the world.<img src="https://cdn.inchbrick.com/upload-editor-file/1724823498206_cf7888a8-e197-4d89-8d59-7dd99573e6cb.jpg" alt="residential tower in Dubai - Inchbrick Realty"> <img src="https://cdn.inchbrick.com/upload-editor-file/1724823444690_d3019eb7-0696-47de-b9c1-02cb222e318c.jpg" alt="residential tower in Dubai - Inchbrick Realty"> 
Dubai continues to push the boundaries of architectural innovation, already home to world-record-breaking structures like the Burj Khalifa, the tallest building globally since 2009. If you're looking to <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">buy property in Dubai</a> don't worry <a href="https://inchbrick.com/" target="_blank">Inchbrick Realty</a>, this <a href="https://inchbrick.com/new-launch-projects" target="_blank">new launch project</a> is an opportunity you won't want to miss!

Jacob & co will build the world's largest residential tower in Dubai by 2027

<h2 class="">Jordanian Couple Purchases Home in Dubai’s Tilal Al Ghaf
</h2>Karam Albataineh, a Jordanian citizen, and his wife, Sula Al Khedery, recently purchased a ready three-bedroom townhouse in Dubai's Tilal Al Ghaf community. 30 years old, Mr. Albataineh works as a finance manager at <a href="https://inchbrick.com/tourism-place-in-dubai" target="_blank">Abu Dhabi</a> Energy Services and decided to buy this property, which is priced between 2 million Dirhams ($544,588) to 3 million dirhams, as a family home rather than for investment purposes.
Mr. Albataineh described the mortgage approval process as straightforward. "It was easy to get the mortgage pre-approval. You submit the required documents, and the bank may ask for specific conditions. In my case, I needed to lower one of my credit card balances and provide additional documents," he recalls. Within seven days, he received the mortgage pre-approval, and once all documents were submitted, the loan was disbursed in two weeks.
As he lived in UAE for 15 years, Mr. Albataineh made a 20 percent down payment on the property upfront, in addition to a 4 percent Dubai Land Department fee and a 2 percent agency commission. "We had a baby in May and wanted a home to raise our family in. It’s been my wife's dream to <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">buy property in Dubai</a>," he says. 
The couple explored various options, including properties in Al Furjan and Emaar South, before settling on their current home. They strategically prepared for the down payment by saving his wife's entire salary, while his income was allocated for household expenses. The family ensured that their expenses did not exceed more than 80 percent of Mr. Albataineh’s monthly salary. "My wife already had savings before our marriage, and it took us three years to save half of the down payment. We also received some financial help from our family," he says.
The <a href="https://inchbrick.com/dubai-property-market" target="_blank">UAE property market</a> continues to show strong growth, driven by government initiatives, economic expansion, and higher oil prices. 
Last year, Dubai recorded a 17 percent increase in <a href="https://inchbrick.com/blogs/dubai-real-estate-purchase-your-dream-property-in-minutes-not-days" target="_blank">real estate transactions</a>, totaling 1.6 million, according to the <a href="https://dubailand.gov.ae/" target="_blank">Dubai Land Department</a>. The value of these deals reached 634 billion Dirhams, reflecting an annual growth of 20 percent. <img src="https://cdn.inchbrick.com/upload-editor-file/1724487680874_c92ebe0b-4056-4b0d-9ec4-44a09560aa68.jpg" alt="buy property in Dubai by inchrbrick Realty"> 
<h3 class="">Navigating a Seller’s Market
</h3>"In currently seller's market. The price per square foot is high, but we were already paying similar amounts in rent," says Mr. Albataineh. He emphasized the financial benefits of purchasing <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">property in Dubai</a><a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">,</a> especially for those who have the cash to buy but might struggle with monthly mortgage payments. "It makes a lot more sense to buy rather than <a href="https://inchbrick.com/rent-properties-in-dubai" target="_blank">rent property in Dubai</a><a href="https://inchbrick.com/rent-properties-in-dubai" target="_blank">.</a>" <img src="https://cdn.inchbrick.com/upload-editor-file/1724487731016_3557d44f-eb14-436c-9899-11abeaf874c8.avif" alt="Buy proeprty in Dubai by inchbrick Realty"> 
To finance their purchase, Mr. Albataineh opted for a three-year fixed-rate mortgage at 4.5 percent interest, which will switch to a variable rate later on. The mortgage term is 25 years.
Arran Summerhill, co-founder of UAE mortgage broker Holo, advises that securing mortgage pre-approval is the first step for anyone looking to <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">buy property in Dubai</a><a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">.</a> "Pre-approval helps buyers to understand their budget and prevents them from looking at properties beyond their financial means. It also signals to sellers that the buyer is serious, making their offers more attractive."
This upfront financial approval accelerates the transaction process by completing most of the financial requirements in advance, allowing for a quicker transition to the valuation stage. To determine affordability accurately, a mortgage adviser needs details such as the client's age, monthly salary, credit card limits, loan payments, and available deposit amount.
According to Holo, the minimum salary required to qualify for a mortgage in the UAE is 10,000 Dirham per month, with at least one borrower needing to meet this threshold for joint applications. Mr. Summerhill further explains that the UAE Central Bank imposes a lending cap of seven times the annual income. "With a monthly salary of 20,000, Dirham you could borrow up to 1.68 million Dirham, while a salary of 30,000 Dirham allows for a maximum loan of 2.53 million Dirham," he says.
He also notes that any existing liabilities will impact affordability. "All current debts will be considered in the affordability assessment, which could affect the loan amount you qualify for."
So, After Reading this blog you definitely got to know that <a href="https://inchbrick.com/buy-property-in-dubai" target="_blank">buying property in Dubai</a> is how easy &amp; convenient. So if you are interested in buying any of the <a href="https://inchbrick.com/new-launch-projects" target="_blank">new launch projects in Dubai</a> or exploring investment opportunities, You can Contact <a href="https://inchbrick.com/" target="_blank">Inchbrick Realty</a>, A premium Dubai <a href="https://inchbrick.com/" target="_blank">Real estate company</a>, we offer a range of options, from <a href="https://inchbrick.com/ready-to-move-properties" target="_blank">ready to moves homes</a> to <a href="https://inchbrick.com/off-plan-properties-in-dubai" target="_blank">off-plan properties</a>, catering to various needs and budgets.

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Jacob & co will build the world's largest residential tower in Dubai by 2027

Detailed Guide to Buy Property in UAE within Your Budget