Overview
Binghatti was founded by Hussain Binghatti, Muhammad Binghatti and Ahmed Binghatti in 2008. [1] [2] [3] [4]
The company has established real estate projects in Business Bay, Al Jaddaf, Downtown Dubai, Dubai Silicon Oasis, Jumeirah Village Circle, Jumeirah Village Triangle, Liwan, and Dubai Residential Complex with an investment value of more than DH 70 billion. [5]
In 2025, Binghatti founder Dr. Hussain Binghatti was ranked 17th on Forbes’ list of the World’s Richest Arabs. [6] That same year, Chairman Muhammad Binghatti was ranked 8th on Forbes’ list of the Middle East’s Most Impactful Real Estate Leaders, [7] while the Binghatti family placed 19th on Forbes’ annual ranking of the Middle East’s Top 100 Arab Family Businesses [8]
Partnerships and acquisitions
In 2014, Binghatti entered into an undisclosed deal to sell Binghatti Terraces, a mid-rise tower in Dubai Silicon Oasis to Emirates Real Estate Fund which is managed by the Emirates NBD. [9] [10]
In 2018, Binghatti completed an agreement with Izdihar Real-Estate Fund valued at AED 200 million ($54.4m), a fund managed by the Bank of Muscat to acquire two residential towers in Dubai Silicon Oasis; Binghatti Vista and Binghatti Sapphires. [11] [12] [13]
In 2021, Binghatti completed a deal with a Saudi food company, Almarai valued at AED 215 million ($58.54m), the deal comprises the acquisition of Binghatti Beverages Manufacturing Facility located in Khalifa Industrial Zone, Abu Dhabi. [14] [15] [16]
In November 2022, Binghatti announced the Burj Binghatti Jacob & Co Residences, co-designed and branded by Jacob & Co. [17] [18] [19] [20] [21]
In May 2023, Binghatti announced the Bugatti Residences, co-designed and branded by Bugatti. [22] [23]
In January 2024, Binghatti announced the Mercedes-Benz Places, co-desingned and branded by Mercedes-Benz. [24]
In February 2024 Binghatti successfully launched its first US dollar-denominated sukuk offering with a competitive yield of 9.625%. The issuance, initially targeted at $300 million, eventually reached $621 million. [25]
In August 2025, Binghatti issued a USD 500 million sukuk, which was listed on both Nasdaq Dubai and the London Stock Exchange. [26]
In December 2025, Binghatti Developers and Mercedes-Benz Group AG announced a second partnership for Mercedes-Benz Places | Binghatti City . The project was unveiled on 14 January 2026 at an event in Meydan, Dubai, marking the launch of the world’s first Mercedes-Benz-branded city. The launch event drew more than 21,000 guests, making it Binghatti’s largest real estate event to date, and featured a live performance by Italian tenor Andrea Bocelli. [27] [28] [29]
Finances
Binghatti has delivered strong financial performance, recording three consecutive years of record profits, driven by rapid growth in revenue, profitability, and asset base. [30]
In FY 2025, Binghatti reported a 96% year-on-year increase in net profit [31] , reaching AED 3.58 billion, while revenue nearly doubled to AED 12.43 billion. Gross profit rose by 89% to AED 5.43 billion, and EBITDA increased by 84% to AED 4.40 billion.
The company’s cash position grew by 135% to AED 8.84 billion, reflecting strong liquidity and financial discipline. [32] Total assets expanded by 92% year-on-year to AED 24.37 billion, while total equity more than doubled to AED 6.78 billion, supporting ongoing and future developments.
During FY 2025, Binghatti sold over 17,000 units, making it Dubai’s top-selling off-plan developer by units sold. Binghatti’s combined portfolio of completed, under-construction, and planned projects now stands at nearly AED 100 billion, reinforcing its position as one of the leading real estate developers in Dubai. [31] [32]
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