Binghatti Sky Terraces, Dubai Motor City

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Off-Plan10 photos

777,999 – 11,079,520 AED

Binghatti Sky Terraces

Developer

Dubai Motor City View on map

ApartmentsType

Studio – 3Bedrooms

311 – 2,770 sq.ftArea

About this property

Binghatti Sky Terraces presents a striking architectural presence defined by its vertical elegance, sculpted terraces, and contemporary façade rhythm.

Mortgage estimate

Pre-filled with this project’s starting price. Change any figure to model your own.

Property price

Down payment (20%)

Term years

Interest rate%

Estimated monthly payment

3,282 AED

per month · 25-year term

Loan amount622K AED

Total interest362K AED

Estimate only. Excludes DLD transfer, agency and bank fees, and your bank sets the final figure.

Speak to a mortgage specialist See properties up to this price

Project facts

Construction: Under Construction
Availability: On Sale
Available price range: 777,999 – 11,079,520 AED
Available sizes: 311 – 2,770 sq.ft
Available bedrooms: Studio – 3
Unit type: Apartments
Units in project: 1694
Buildings: 1
District: Dubai Motor City
Service charge: 12-18 AED/sqft
Furnishing: Only kitchen
DLD permit: 0206718620

Dubai Land Department permit QR code, permit number 0206718620 — Scan to verify this listing with the Dubai Land Department.

Open the exact location in Maps

Layouts, sizes and prices

Studio25 layouts311 – 508 sq.ft774,999 – 2,135,999 AED

Layout	Size	Developer price
Studio	311 – 418 sq.ft	777,999 – 861,999 AED
Studio	508 sq.ft	810,959 – 862,999 AED
Studio	388 – 389 sq.ft	803,999 – 813,999 AED
Studio	388 – 391 sq.ft	803,999 – 880,800 AED
Studio	482 – 499 sq.ft	880,999 – 899,999 AED
Studio	360 sq.ft	774,999 – 781,999 AED
Studio	365 sq.ft	780,999 – 785,999 AED
Studio	365 – 495 sq.ft	780,999 – 864,999 AED
Studio	360 sq.ft	774,999 AED
Studio	467 sq.ft	831,999 – 844,999 AED
Studio	311 – 488 sq.ft	781,999 – 2,135,999 AED
Studio	385 sq.ft	811,999 – 816,999 AED
Studio	422 sq.ft	869,999 – 874,999 AED
Studio	384 sq.ft	792,999 – 797,999 AED
Studio	377 – 488 sq.ft	799,999 – 849,999 AED
Studio	384 – 495 sq.ft	818,999 – 861,999 AED
Studio	391 sq.ft	812,999 – 817,999 AED
Studio	391 sq.ft	817,999 – 821,999 AED
Studio	311 sq.ft	778,999 – 783,999 AED
Studio	332 sq.ft	831,999 – 836,999 AED
Studio	420 sq.ft	861,999 – 864,999 AED
Studio	379 – 440 sq.ft	799,999 – 1,069,405 AED
Studio	467 sq.ft	835,999 AED
Studio	388 – 467 sq.ft	840,999 – 1,005,137 AED
Studio	311 – 499 sq.ft	777,999 – 1,068,059 AED

1 Bedroom178 layouts525 – 1,642 sq.ft1,165,929 – 1,750,000 AED

Layout	Size	Developer price
1 bed	751 sq.ft	1,360,999 AED
1 bed	1,252 – 1,277 sq.ft	1,524,999 – 1,649,999 AED
1 bed	754 – 757 sq.ft	1,355,999 – 1,381,999 AED
1 bed	757 sq.ft	1,365,999 – 1,373,999 AED
1 bed	715 – 774 sq.ft	1,177,949 – 1,381,999 AED
1 bed	757 sq.ft	1,365,999 – 1,373,999 AED
1 bed	857 sq.ft	1,537,034 AED
1 bed	728 sq.ft	1,322,999 AED
1 bed	723 – 850 sq.ft	1,308,999 – 1,688,200 AED
1 bed	639 sq.ft	1,216,999 – 1,225,999 AED
1 bed	816 – 827 sq.ft	1,362,999 – 1,382,999 AED
1 bed	772 – 1,044 sq.ft	1,337,999 – 1,435,999 AED
1 bed	713 – 714 sq.ft	1,237,999 – 1,268,999 AED
1 bed	711 sq.ft	1,274,999 – 1,688,200 AED
1 bed	701 – 723 sq.ft	1,262,999 – 1,688,200 AED
1 bed	887 – 934 sq.ft	1,327,999 – 1,508,999 AED
1 bed	525 – 934 sq.ft	1,199,999 – 1,519,999 AED
1 bed	777 – 786 sq.ft	1,399,999 – 1,404,999 AED
1 bed	782 sq.ft	1,371,999 – 1,389,999 AED
1 bed	782 sq.ft	1,384,999 AED
1 bed	742 sq.ft	1,354,999 – 1,359,999 AED
1 bed	612 sq.ft	1,328,999 – 1,331,999 AED
1 bed	666 sq.ft	1,207,999 – 1,215,999 AED
1 bed	674 – 683 sq.ft	1,290,999 – 1,301,999 AED
1 bed	816 – 832 sq.ft	1,427,999 – 1,482,999 AED
1 bed	1,639 – 1,642 sq.ft	1,524,999 AED
1 bed	1,038 – 1,044 sq.ft	1,426,999 – 1,443,999 AED
1 bed	850 sq.ft	1,428,999 – 1,446,999 AED
1 bed	816 – 827 sq.ft	1,361,999 – 1,389,999 AED
1 bed	770 sq.ft	1,342,999 – 1,344,999 AED
1 bed	754 – 755 sq.ft	1,359,999 – 1,367,999 AED
1 bed	816 sq.ft	1,428,999 – 1,437,999 AED
1 bed	887 sq.ft	1,327,999 – 1,331,999 AED
1 bed	525 – 774 sq.ft	1,172,401 – 1,281,999 AED
1 bed	713 sq.ft	1,238,999 AED
1 bed	884 sq.ft	1,447,999 – 1,456,999 AED
1 bed	832 sq.ft	1,472,999 AED
1 bed	525 – 1,633 sq.ft	1,176,100 – 1,750,000 AED
1 bed	714 sq.ft	1,275,999 – 1,283,999 AED
1 bed	715 sq.ft	1,165,929 AED
1 bed	715 sq.ft	1,170,552 AED
1 bed	715 sq.ft	1,171,477 AED
1 bed	715 sq.ft	1,171,477 AED
1 bed	715 – 718 sq.ft	1,173,326 – 1,282,999 AED
1 bed	715 sq.ft	1,178,874 AED
1 bed	525 sq.ft	1,199,999 AED
1 bed	666 sq.ft	1,208,999 – 1,210,999 AED
1 bed	639 sq.ft	1,211,999 AED
1 bed	666 sq.ft	1,216,999 – 1,223,999 AED
1 bed	570 sq.ft	1,221,999 – 1,224,999 AED
1 bed	666 sq.ft	1,223,999 – 1,230,999 AED
1 bed	572 sq.ft	1,225,999 AED
1 bed	713 sq.ft	1,231,999 AED
1 bed	572 sq.ft	1,233,999 – 1,235,999 AED
1 bed	713 sq.ft	1,235,999 AED
1 bed	713 sq.ft	1,237,999 AED
1 bed	572 sq.ft	1,242,999 AED
1 bed	713 sq.ft	1,242,999 AED
1 bed	713 sq.ft	1,245,999 AED
1 bed	703 sq.ft	1,251,999 AED
1 bed	705 sq.ft	1,252,999 AED
1 bed	747 sq.ft	1,252,999 AED
1 bed	705 sq.ft	1,253,999 – 1,266,999 AED
1 bed	711 sq.ft	1,253,999 AED
1 bed	711 sq.ft	1,253,999 – 1,256,999 AED
1 bed	705 sq.ft	1,258,999 AED
1 bed	705 sq.ft	1,259,999 AED
1 bed	711 sq.ft	1,260,999 – 1,269,999 AED
1 bed	799 sq.ft	1,261,999 AED
1 bed	641 sq.ft	1,261,999 AED
1 bed	705 sq.ft	1,261,999 – 1,268,999 AED
1 bed	701 sq.ft	1,261,999 AED
1 bed	701 sq.ft	1,261,999 – 1,262,999 AED
1 bed	641 sq.ft	1,262,999 – 1,264,999 AED
1 bed	714 sq.ft	1,266,999 AED
1 bed	714 sq.ft	1,266,999 AED
1 bed	714 sq.ft	1,267,999 AED
1 bed	641 sq.ft	1,269,999 – 1,278,999 AED
1 bed	641 sq.ft	1,278,999 AED
1 bed	683 sq.ft	1,289,999 – 1,290,999 AED
1 bed	683 sq.ft	1,291,999 AED
1 bed	674 sq.ft	1,291,999 AED
1 bed	674 sq.ft	1,292,999 – 1,299,999 AED
1 bed	726 sq.ft	1,302,999 – 1,303,999 AED
1 bed	726 sq.ft	1,304,999 AED
1 bed	720 sq.ft	1,304,999 AED
1 bed	728 sq.ft	1,305,999 AED
1 bed	723 sq.ft	1,309,999 AED
1 bed	738 sq.ft	1,310,999 AED
1 bed	723 sq.ft	1,312,999 AED
1 bed	728 sq.ft	1,313,999 AED
1 bed	728 sq.ft	1,313,999 AED
1 bed	723 sq.ft	1,313,999 AED
1 bed	728 sq.ft	1,314,999 – 1,322,999 AED
1 bed	623 sq.ft	1,316,999 AED
1 bed	612 sq.ft	1,317,999 – 1,318,999 AED
1 bed	612 sq.ft	1,319,999 AED
1 bed	612 sq.ft	1,323,999 AED
1 bed	728 sq.ft	1,323,999 AED
1 bed	612 sq.ft	1,324,999 AED
1 bed	612 sq.ft	1,324,999 – 1,326,999 AED
1 bed	612 sq.ft	1,326,999 AED
1 bed	770 – 776 sq.ft	1,330,999 – 1,331,999 AED
1 bed	773 sq.ft	1,331,999 AED
1 bed	773 sq.ft	1,331,999 – 1,333,999 AED
1 bed	776 sq.ft	1,331,999 AED
1 bed	776 sq.ft	1,333,999 AED
1 bed	776 sq.ft	1,333,999 – 1,341,999 AED
1 bed	770 sq.ft	1,334,999 AED
1 bed	770 sq.ft	1,335,999 – 1,342,999 AED
1 bed	776 sq.ft	1,337,999 AED
1 bed	772 sq.ft	1,338,999 – 1,346,999 AED
1 bed	851 sq.ft	1,343,999 AED
1 bed	739 sq.ft	1,344,999 – 1,345,999 AED
1 bed	751 sq.ft	1,345,999 AED
1 bed	751 sq.ft	1,346,999 AED
1 bed	751 sq.ft	1,346,999 AED
1 bed	751 – 757 sq.ft	1,346,999 – 1,361,999 AED
1 bed	786 sq.ft	1,347,999 – 1,351,999 AED
1 bed	751 sq.ft	1,349,999 AED
1 bed	751 sq.ft	1,349,999 AED
1 bed	751 sq.ft	1,349,999 AED
1 bed	751 sq.ft	1,349,999 AED
1 bed	751 sq.ft	1,349,999 – 1,355,999 AED
1 bed	751 sq.ft	1,349,999 – 1,355,999 AED
1 bed	751 sq.ft	1,349,999 AED
1 bed	751 sq.ft	1,349,999 AED
1 bed	742 sq.ft	1,349,999 AED
1 bed	742 sq.ft	1,349,999 AED
1 bed	742 – 786 sq.ft	1,349,999 – 1,401,999 AED
1 bed	751 sq.ft	1,350,999 – 1,352,999 AED
1 bed	751 sq.ft	1,350,999 – 1,357,999 AED
1 bed	751 sq.ft	1,353,999 AED
1 bed	751 sq.ft	1,353,999 AED
1 bed	742 sq.ft	1,353,999 AED
1 bed	751 sq.ft	1,354,999 AED
1 bed	751 sq.ft	1,354,999 AED
1 bed	751 sq.ft	1,354,999 AED
1 bed	754 sq.ft	1,358,999 AED
1 bed	757 sq.ft	1,359,999 AED
1 bed	757 sq.ft	1,359,999 AED
1 bed	757 sq.ft	1,362,999 AED
1 bed	782 sq.ft	1,368,999 AED
1 bed	782 sq.ft	1,368,999 AED
1 bed	782 sq.ft	1,369,999 AED
1 bed	763 sq.ft	1,370,999 AED
1 bed	782 sq.ft	1,370,999 AED
1 bed	782 sq.ft	1,376,999 AED
1 bed	782 sq.ft	1,376,999 – 1,378,999 AED
1 bed	884 sq.ft	1,449,999 AED
1 bed	934 sq.ft	1,498,999 AED
1 bed	1,044 sq.ft	1,432,999 AED
1 bed	934 sq.ft	1,498,999 AED
1 bed	934 sq.ft	1,505,999 AED
1 bed	572 sq.ft	1,247,999 – 1,248,999 AED
1 bed	641 sq.ft	1,283,999 – 1,285,999 AED
1 bed	776 sq.ft	1,348,999 AED
1 bed	772 sq.ft	1,349,999 AED
1 bed	751 sq.ft	1,360,999 AED
1 bed	751 sq.ft	1,360,999 AED
1 bed	751 sq.ft	1,361,999 – 1,363,999 AED
1 bed	751 sq.ft	1,361,999 – 1,363,999 AED
1 bed	755 sq.ft	1,375,999 AED
1 bed	755 sq.ft	1,377,999 – 1,378,999 AED
1 bed	757 sq.ft	1,381,999 – 1,382,999 AED
1 bed	757 sq.ft	1,381,999 – 1,382,999 AED
1 bed	757 sq.ft	1,381,999 AED
1 bed	757 sq.ft	1,381,999 AED
1 bed	757 sq.ft	1,382,999 – 1,384,999 AED
1 bed	757 sq.ft	1,382,999 – 1,383,999 AED
1 bed	757 sq.ft	1,383,999 – 1,384,999 AED
1 bed	757 sq.ft	1,383,999 – 1,384,999 AED
1 bed	757 sq.ft	1,383,999 AED
1 bed	757 sq.ft	1,383,999 AED
1 bed	816 sq.ft	1,385,999 – 1,387,999 AED
1 bed	822 sq.ft	1,387,999 AED
1 bed	934 sq.ft	1,505,999 AED
1 bed	934 sq.ft	1,512,999 AED

2 Bedrooms25 layouts1,055 – 2,047 sq.ft1,889,999 – 2,174,999 AED

Layout	Size	Developer price
2 bed	1,090 – 1,279 sq.ft	1,969,999 – 2,174,999 AED
2 bed	1,116 – 1,151 sq.ft	1,937,999 – 2,018,999 AED
2 bed	1,265 sq.ft	2,125,999 – 2,139,999 AED
2 bed	1,279 sq.ft	2,157,999 – 2,171,999 AED
2 bed	1,263 – 2,047 sq.ft	2,048,999 – 2,174,999 AED
2 bed	1,055 sq.ft	1,889,999 AED
2 bed	1,055 sq.ft	1,889,999 AED
2 bed	1,055 sq.ft	1,889,999 AED
2 bed	1,055 sq.ft	1,891,999 – 1,892,999 AED
2 bed	1,055 sq.ft	1,893,999 – 1,916,999 AED
2 bed	1,055 sq.ft	1,902,999 AED
2 bed	1,117 sq.ft	1,925,999 – 1,927,999 AED
2 bed	1,117 sq.ft	1,927,999 AED
2 bed	1,116 sq.ft	1,935,999 AED
2 bed	1,116 sq.ft	1,935,999 – 1,947,999 AED
2 bed	1,098 sq.ft	1,951,999 AED
2 bed	1,098 sq.ft	1,952,999 AED
2 bed	1,098 sq.ft	1,953,999 – 1,957,999 AED
2 bed	1,090 sq.ft	1,957,999 AED
2 bed	1,090 sq.ft	1,958,999 AED
2 bed	1,090 sq.ft	1,959,999 – 1,983,999 AED
2 bed	1,152 – 1,160 sq.ft	1,993,999 – 1,997,999 AED
2 bed	1,160 sq.ft	1,998,999 AED
2 bed	1,151 sq.ft	2,003,999 AED
2 bed	1,151 sq.ft	2,005,999 – 2,017,999 AED

3 Bedrooms4 layouts2,521 – 2,725 sq.ft2,924,999 – 2,974,999 AED

Layout	Size	Developer price
3 bed	2,521 – 2,725 sq.ft	2,924,999 – 2,961,999 AED
3 bed	2,521 sq.ft	2,974,999 AED
3 bed	2,725 sq.ft	2,952,999 AED
3 bed	2,521 sq.ft	2,944,999 AED

Every layout the developer has released for this project, with its price on launch. Some configurations may already be sold out, so this can start below the available range above. Ask an advisor for live inventory.

Payment plan

Payment Plan

20%50%30%

On booking20%

During construction50%

Upon Handover30%

Documents and links

Brochure

Skyterraces floorplan

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Amenities

Indoor Gym
Adult Pool & Shallow Water Pool
Kids’ Pool & Splash Zone
Outdoor Kids Play Area
Pool Deck & Cabanas
Basketball Court
Jogging Track
Yoga Area
Sitting Area

Floor plans

Master plan

Location

DubaiOpen in Maps

What buyers actually paid

Registered sales at the Dubai Land Department, not asking prices.

7.1%Gross rental yield in the community

1,741Median per sq.ft in the community

3,861Registered sales, 12 months

79%Bought off-plan

Median price per sq.ft in Dubai Motor City

By month, from registered sales. Portals chart asking prices here.

Comparable sales in Dubai Motor City

Studio1 B/R2 B/R3 B/R4 B/R

What Studio sells for

1,130 registered sales in 12 months, median 1,951 per sq.ft.

Date	Property	Size	Price	Per sq.ft
8 Oct 2026	Studio FlatOff-planBeverly Grande	438	779,305	1,781
7 Oct 2026	Studio FlatOff-planBinghatti Skyterraces	414	875,999	2,117
7 Oct 2026	Studio FlatOff-plan15 CASCADE	492	863,385	1,754
6 Oct 2026	Studio FlatOff-planBinghatti Skyterraces	412	857,999	2,084
6 Oct 2026	Studio FlatOff-planANANDA RESIDENCES	367	851,077	2,318
5 Oct 2026	Studio FlatOff-planBinghatti Skyterraces	412	857,999	2,084
5 Oct 2026	Studio FlatOff-planBinghatti Skyterraces	382	815,999	2,138
2 Oct 2026	Studio FlatOff-planBinghatti Skyterraces	415	838,999	2,022

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What Studio rents for

235 registered contracts in 12 months, median 76 per sq.ft a year, a gross yield of 7.7%.

Contract	Size	Annual rent	Per sq.ft
9 Oct 2026	722	45,000	62
8 Oct 2026	722	50,000	69
5 Oct 2026	714	50,000	70
3 Oct 2026	686	70,000	102
3 Oct 2026	608	52,000	85
1 Oct 2026	623	55,000	88

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What 1 B/R sells for

1,863 registered sales in 12 months, median 1,741 per sq.ft.

Date	Property	Size	Price	Per sq.ft
9 Oct 2026	1 B/R FlatOff-planBinghatti Skyterraces	720	1,688,200	2,345
9 Oct 2026	1 B/R FlatOff-planSIERRA BY IMAN	792	1,223,629	1,546
8 Oct 2026	1 B/R FlatOff-planBeverly Grande	849	1,253,070	1,475
7 Oct 2026	1 B/R FlatOff-planBinghatti Skyterraces	747	1,100,000	1,472
7 Oct 2026	1 B/R FlatOff-planBinghatti Skyterraces	732	1,100,000	1,503
6 Oct 2026	1 B/R FlatOff-planMirdad	717	1,410,615	1,969
6 Oct 2026	1 B/R FlatOff-planBinghatti Skyterraces	780	1,386,999	1,778
5 Oct 2026	1 B/R FlatOff-planBinghatti Skyterraces	732	1,366,999	1,867

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What 1 B/R rents for

943 registered contracts in 12 months, median 72 per sq.ft a year, a gross yield of 7.0%.

Contract	Size	Annual rent	Per sq.ft
9 Oct 2026	941	95,000	101
9 Oct 2026	1,038	86,000	83
8 Oct 2026	1,478	76,000	51
8 Oct 2026	768	62,000	81
7 Oct 2026	1,091	74,000	68
7 Oct 2026	777	58,000	75

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What 2 B/R sells for

698 registered sales in 12 months, median 1,616 per sq.ft.

Date	Property	Size	Price	Per sq.ft
8 Oct 2026	2 B/R FlatReady	2,218	1,900,000	857
8 Oct 2026	2 B/R FlatOff-planSIERRA BY IMAN	1,060	1,644,999	1,552
7 Oct 2026	2 B/R FlatOff-planBinghatti Skyterraces	1,278	1,728,000	1,353
6 Oct 2026	2 B/R FlatOff-planBinghatti Skyterraces	1,277	1,800,000	1,409
6 Oct 2026	2 B/R FlatOff-planSIERRA BY IMAN	1,063	1,743,404	1,641
5 Oct 2026	2 B/R FlatOff-planSobha Solis	1,126	2,212,610	1,965
5 Oct 2026	2 B/R FlatReady	1,880	1,800,000	957
2 Oct 2026	2 B/R FlatReady	2,000	1,925,000	962

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What 2 B/R rents for

588 registered contracts in 12 months, median 71 per sq.ft a year, a gross yield of 6.8%.

Contract	Size	Annual rent	Per sq.ft
9 Oct 2026	1,452	110,000	76
8 Oct 2026	2,562	137,500	54
7 Oct 2026	1,458	110,000	75
6 Oct 2026	1,471	52,084	35
5 Oct 2026	2,198	128,000	58
5 Oct 2026	1,446	105,000	73

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What 3 B/R sells for

115 registered sales in 12 months, median 1,109 per sq.ft.

Date	Property	Size	Price	Per sq.ft
6 Oct 2026	3 B/R FlatReady	2,253	2,100,000	932
5 Oct 2026	3 B/R FlatOff-planTakaya	1,687	2,889,831	1,713
25 Sep 2026	3 B/R FlatReady	2,533	2,680,000	1,058
22 Sep 2026	3 B/R VillaReady	4,299	6,700,000	1,559
21 Sep 2026	3 B/R FlatOff-planTakaya	1,879	3,585,857	1,908
17 Sep 2026	3 B/R FlatReady	5,247	5,100,000	972
17 Sep 2026	3 B/R FlatReadyOIA Residence	2,411	2,320,000	962
16 Sep 2026	3 B/R VillaReady	4,306	7,050,000	1,637

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What 3 B/R rents for

209 registered contracts in 12 months, median 71 per sq.ft a year, a gross yield of 7.0%.

Contract	Size	Annual rent	Per sq.ft
6 Oct 2026	3,530	250,000	71
1 Oct 2026	5,262	270,000	51
1 Oct 2026	2,780	165,000	59
29 Sep 2026	5,338	262,500	49
25 Sep 2026	1,828	145,000	79
24 Sep 2026	1,923	160,000	83

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What 4 B/R sells for

53 registered sales in 12 months, median 1,079 per sq.ft.

Date	Property	Size	Price	Per sq.ft
24 Sep 2026	4 B/R VillaReady	10,982	9,100,000	829
12 Aug 2026	4 B/R VillaReady	10,196	9,000,000	883
11 Aug 2026	4 B/R FlatOff-planTakaya	6,564	9,694,466	1,477
7 Aug 2026	4 B/R VillaReadyGREEN COMMUNITY MOTOR CITY, PHASE II - CASA FAMILIA	3,234	6,300,000	1,948
3 Aug 2026	4 B/R FlatOff-planTakaya	4,422	7,115,384	1,609
29 Jul 2026	4 B/R VillaReadyCASA FLORES AND EDEN APARTMENTS	2,894	4,430,000	1,531
22 Jul 2026	4 B/R FlatReadyOIA Residence	2,936	2,900,000	988
13 Jul 2026	4 B/R VillaReady	9,954	8,885,000	893

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What 4 B/R rents for

37 registered contracts in 12 months, median 76 per sq.ft a year.

Contract	Size	Annual rent	Per sq.ft
30 Sep 2026	5,339	340,000	64
27 Sep 2026	3,004	220,000	73
17 Sep 2026	3,360	240,000	71
15 Sep 2026	3,228	340,000	105
20 Aug 2026	8,395	575,000	68
10 Aug 2026	2,894	261,000	90

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Registered sale transactions published as open data by the Dubai Land Department, covering 12 months to 2026-10-09. Sizes are converted from the square metres DLD records. A registered price is what a buyer paid, which is not the same as an asking price. Gross yield is registered Ejari rent over registered sale price for the same twelve months, before service charge, agency fee, vacancy and management. It is the ceiling on a return, not the return.