Dubai-based developer Binghatti Holding Ltd has delivered exceptional financial results, showcasing the strength of the emirate’s property sector. The company’s performance highlights key achievements across multiple financial metrics:
- Net profit surged 145% to Dh2.66 billion
- Revenue nearly tripled to Dh8.96 billion
- Gross profit increased 143% to Dh3.95 billion
- Sold approximately 12,000 units, becoming Dubai’s top off-plan developer
The company’s success is driven by accelerated sales, early project handovers, and strategic market positioning. Dubai’s commercial property momentum has significantly contributed to this growth.
“We are shaping communities, driving design innovation, and contributing to Dubai’s global reputation as a model for urban development and investment,” said CEO Katrana BinGhatti.
Notably, Binghatti’s financial strength is underpinned by:
- Total assets growing 73% to Dh22 billion
- Cash and equivalents more than doubling to Dh7.7 billion
- Total equity rising 84% to Dh5.8 billion
The developer has strategic plans for continued expansion, with 27 projects currently under development covering over 20,000 units and an estimated gross development value of Dh44 billion. An additional 11 projects in planning stages will add approximately 18,000 units.
The company’s performance reflects broader UAE construction sector trends, characterized by strong growth and sustainability focus.
