Binghatti Holding, one of the UAE’s leading luxury real estate developers, has reported record-breaking financial results for the first half of 2025, with net profit and revenue nearly tripling year-on-year.
The performance was fueled by sustained demand for Binghatti’s high-end developments, specifically its branded residences in partnership with global luxury icons.
The company’s net profit surged 172 percent to AED 1.82 billion, up from AED 668 million in H1 2024. Revenue rose nearly threefold to AED 6.3 billion, while total sales climbed 60 percent year-on-year to AED 8.8 billion, solidifying Binghatti’s position as one of the fastest-growing players in Dubai’s dynamic real estate market.
Binghatti’s development pipeline also expanded significantly, with the revenue backlog reaching AED 12.5 billion as of June 30, 2025 — nearly doubling from AED 6.6 billion a year earlier.
The jump was attributed to the launch of seven new projects, while five were delivered in the first half of the year, adding 1,441 units to the market.
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Chairman Muhammad Binghatti says: “The first half of 2025 has been a period of exceptional growth for Binghatti Holding and the extraordinary year-on-year growth of our net profit and revenue is a reflection of the market’s confidence in our differentiated model, one that is built around architectural excellence, speed of execution, and integrated value creation across the entire real estate ecosystem.
As Dubai continues to attract global capital and high-net-worth individuals, our developments have become increasingly relevant to an international audience. The rising share of non-resident buyers speaks volumes about both our reach and Dubai’s position as a safe, fast-growing investment destination.”
CEO Katralnada Binghatti added: “Our H1 2025 results and operational achievements underscore the discipline, agility, and long-term thinking that drive every aspect of our business. Launching seven projects and handing over four in just six months demonstrates our operational leadership in the market and our deep commitment to on time delivery. Our growing backlog, diversified landbank, and expanding portfolio of unique branded residences created in partnership with global icons Bugatti, Mercedes-Benz Jacob & Co. provide the market with luxury living, investment value and architectural distinction.”
Branded residences attract global buyers
Binghatti’s strategic collaborations with luxury brands Bugatti, Mercedes-Benz, and Jacob & Co. continue to elevate its appeal among global investors. The company’s unique blend of architectural innovation and iconic design has drawn high-profile clients such as Brazilian footballer Neymar Jr. and opera legend Andrea Bocelli.
In H1 2025, 61 percent of Binghatti’s sales came from non-resident buyers, up from 55 percent in H1 2024 — a clear sign of growing international demand. This was supported by the company’s global outreach strategy, including the opening of a London sales office in July.
Expanding access for local buyers
While international demand continues to grow, Binghatti also saw strong domestic interest, supported by the UAE’s rising population and government-backed housing initiatives.
In May 2025, Binghatti signed an MoU with Abu Dhabi Islamic Bank (ADIB) to provide Sharia-compliant home financing for both ready and off-plan units. The structure allows eligible buyers to access financing once 35 percent of construction is completed and 50 percent of payments are made — enhancing affordability for local investors.
In July, Binghatti was selected by the Dubai Land Department (DLD) and Dubai Department of Economy and Tourism (DET) as one of 13 developers for the First-Time Home Buyer (FTHB) Program. As part of the initiative, 10 percent of Binghatti’s residential units priced under AED 5 million will be reserved for first-time buyers, with early access, exclusive discounts, and reduced fees — benefitting both Emiratis and expatriates.
PropTech leadership and innovation
Binghatti further cemented its leadership in real estate innovation by becoming a founding partner of the Dubai PropTech Hub in July.
The Hub — a collaboration between the DIFC Innovation Hub and Dubai Land Department — aims to attract $300 million in venture capital by 2030 and drive adoption of AI, blockchain, and sustainable smart infrastructure. As a founding partner, Binghatti gains early access to cutting-edge startups through innovation labs and accelerator programs.
Aggressive development strategy and landmark land acquisition
Binghatti currently has approximately 20,000 units under development across 30 projects in key Dubai locations, including Downtown, Business Bay, Jumeirah Village Circle, Meydan, and Dubai Science Park.
During H1 2025, the developer launched seven new projects spanning 5,000 units over 3.8 million square feet, and handed over five developments totaling 1,441 units across 1 million square feet.
The company also acquired a megaplot in Nad Al Sheba 1, at the heart of the Meydan district, with over 9 million square feet of gross floor area. This site will anchor Binghatti’s first master-planned residential community, with a projected development value exceeding AED 25 billion.
Credit ratings affirm strong financial position
Binghatti’s credit strength was validated in H1 2025 by global rating agencies. In March, Moody’s Ratings assigned the company a Ba3 Corporate Family Rating (CFR) with a stable outlook, citing its strong market position, vertical integration, and sound financial management.
Shortly after, Fitch Ratings upgraded Binghatti’s Long-Term Issuer Default Rating (IDR) and senior unsecured debt to BB- from B+, also with a stable outlook. The firm’s net debt-to-EBITDA ratio of 0.8x, robust liquidity, and ability to self-fund projects were among the key strengths highlighted. Both agencies noted Binghatti’s improved governance and institutional credibility following its $500 million sukuk issuance, now listed on both the London Stock Exchange and Nasdaq Dubai.
