The Binary by Omniyat — sale prices & transaction history

The Binary sale prices by floor area

Median recorded prices for The Binary by Omniyat by floor area. Each row is priced on the last 4 months wherever that period holds enough sales, and steps back only as far as it has to — 12 months, then 3 years, then the whole record. The period each row actually covers is named beside it, with the number of sales behind it, so you can see exactly how thin or deep the figure you are reading is. Every row also shows what has traded in the last 4 months, including when that is nothing — set against the full record of 739 recorded office transactions. These are the prices buyers actually paid — not asking prices, and not a district average.

A size band with fewer than five recorded transactions keeps its count and loses its median: below that sample a middle value is arithmetic, not a market rate. A median taken across the whole register mixes prices from every year the building has traded, so each row above is priced on the most recent period that clears that threshold. Rows can sum to less than the building total — a transaction recorded without a usable floor area belongs to no band.

Most recent The Binary transactions

The newest individual recorded office transactions on the register, exactly as recorded. A median is a claim we vouch for; these are facts you can check against the Land Department yourself.

Why below-market resale shows up in The Binary

• Owner-occupier businesses selling to a business deadline rather than a market one — the most common source of a genuinely below-market office price in any tower.
• A wide spread of suite sizes, which means there is nearly always one band with fewer active buyers than sellers; that band is where soft pricing surfaces first.
• Long-held pre-crisis ownership. Offices bought in the register's early years and held through a long delivery have owners whose original business case may no longer exist, and those owners sell on their own timetable.
• Holding cost. A vacant office runs up service charges and earns nothing, which moves an investor-owner toward the exit faster than an occupier.

What to check before you offer on The Binary

• Never price an office here off a whole-register figure. On this building the long-run middle sits at a fraction of the current rate, and a seller or a valuation quoting it is quoting a different decade.
• Read the period printed on each floor-area row before comparing rows. A band priced on the last year and a band priced on older sales are not comparable on this register, however close their floor areas are.
• Establish whether you are being offered shell-and-core or a fitted office, and who paid for the fit-out. Two units of identical size on the same floor can sit a long way apart on price for that reason alone — the register records what was paid, never the condition it was paid for.
• Ask whether the unit is vacant or tenanted and how long the lease has left. A sale with a sitting tenant transfers that lease with it, which can be the reason a price looks soft or the reason it is firm, and it decides what you can do with the space on day one.
• Ask for the current service charge per square foot and the last two years of it. Office service charges in Dubai are set per building and reviewed annually, and on a whole-floor unit a rise of a dirham or two per square foot comes straight off the net yield rather than out of a household budget.
• Ask which register the unit sits on. A completed office changes hands on the secondary register at the Land Department; a pre-handover unit is an assignment of the original sale contract, needs the developer's no-objection certificate, and carries whatever is left of the payment plan.

The Binary — common questions

Why is the recent office rate so far above the building's long-run figure?

Because this register spans more than one market. Its first office sales were recorded in 2009, and the price per square foot in those early years bears little relation to what the building trades at now. That is why the page leads on the last four months and labels every row with the period it covers.

Does this page include the retail units in The Binary?

No. The building's register holds retail units as well as offices, and they are a different market. This page is scoped to the office register only, so every count and figure on it describes offices.

Why is this table by floor area instead of bedrooms?

Because the Dubai Land Department does not record a bedroom count for a commercial unit. Floor area is also the axis an office is genuinely traded on.

Can I tell from this data whether a unit is selling below its original price?

No. The Land Department records a developer's first sale and a pre-handover resale under the same code, and the export carries no unit identifier, so an original price cannot be traced to a later sale of the same unit.

How current is this register?

The page states the date of the most recent recorded transaction it holds and recomputes every figure on load. Records arrive in batches, so the newest few days are typically not yet included.