Dubai luxury real estate developer Binghatti Holding Ltd posted a net profit of AED 1.82 billion in the first half of 2025, marking a 172% increase compared to AED 668 million in the same period last year. Total sales reached AED 8.8 billion, up 60% year-on-year, while revenue climbed 189% to AED 6.3 billion.
The company’s revenue backlog also rose to AED 12.5 billion, up from AED 6.6 billion in H1 2024, reflecting strong market confidence in Binghatti’s integrated real estate model.
Chairman Highlights Growth and Market Confidence
Muhammad BinGhatti, Chairman, stated: “The first half of 2025 has been a period of exceptional growth. Our net profit and revenue surge reflect market confidence in our architectural excellence, speed of execution, and integrated value creation.”
He emphasized the global appeal of Binghatti developments, driven by a rising share of non-resident buyers, and highlighted the launch of Binghatti Capital as a milestone in funding and structuring their expanding portfolio.
Expansion and Project Portfolio
During H1 2025, Binghatti:
- Launched seven projects
- Delivered four developments with 1,441 units handed over
- Maintains approximately 20,000 units under development across 30 projects in areas including Downtown, Business Bay, JVC, Al Jaddaf, Meydan, Dubai Science Park, Dubai Production City, and Sports City
Non-resident buyers accounted for 61% of sales, up from 55% the previous year, with leading nationalities including India, Turkey, and China.
Branded Residences and High-Profile Clients
Binghatti’s branded residences, in partnership with Bugatti, Mercedes-Benz, and Jacob & Co., continue to attract high-profile buyers, including Neymar Jr. and Andrea Bocelli.
The company also expanded internationally with a London sales office and launched Binghatti Capital, a DFSA-regulated firm in DIFC targeting $1 billion in private credit and real estate strategies.
First-Time Buyer Program and PropTech Initiatives
Binghatti partnered with Abu Dhabi Islamic Bank (ADIB) to offer Sharia-compliant home financing, allowing buyers to secure loans once construction reaches 35% completion and 50% of payments are made.
The company also joined the Dubai PropTech Hub, a DIFC-DLD initiative aiming to attract $300 million in venture capital by 2030.
Megaplot Acquisition and Future Developments
Binghatti acquired a 9-million-square-foot megaplot in Nad Al Sheba 1, Meydan, marking the foundation for its first master-planned residential community in Dubai with a total development value exceeding AED 25 billion.
Financial Ratings and Market Outlook
- Moody’s assigned a Ba3 Corporate Family Rating (CFR) with a stable outlook
- Fitch Ratings upgraded the Long-Term IDR to BB, with a stable outlook
Both agencies recognized Binghatti’s low net debt-to-EBITDA ratio (0.8x) and its ability to self-fund future projects.
Dubai’s population surpassed 3.75 million in June 2025 and is expected to exceed 4 million by the end of 2026, supporting strong real estate demand.
Company Achievements to Date
- Over 12,000 residential units delivered since inception
- Portfolio of 80+ projects valued at over AED 70 billion
- Positioned to meet rising demand across all real estate segments in Dubai
Binghatti continues to strengthen its position as a leading luxury real estate developer in the UAE, combining architectural innovation, global appeal, and financial stability.
