Binghatti Surges in H1 2025: 172% Profit Growth & Expanding Global Reach
Binghatti Holding Ltd, one of the UAE’s leading luxury real estate developers, has announced a remarkable 172% year-on-year increase in net profit for the first half of 2025, reaching AED 1.82 billion. This comes on the back of unprecedented demand for its projects and an aggressive expansion strategy that includes luxury branded residences, domestic partnerships, and PropTech innovation.
Sales during the period soared to AED 8.8 billion, representing a 60% year-on-year jump, while revenue surged nearly threefold to AED 6.3 billion. With such performance, Binghatti is now firmly positioned among the fastest-growing players in Dubai’s property market, especially in sought-after areas like Downtown Dubai, Business Bay, and Jumeirah Village Circle.
Robust Pipeline and Delivery Track Record
As of June 30, 2025, Binghatti reported a revenue backlog of AED 12.5 billion, nearly doubling from AED 6.6 billion in H1 2024. This growth stems from the launch of seven new projects and the delivery of five developments, handing over 1,441 units to market. Their ongoing projects cover over 30 communities, including Al Jaddaf, Meydan, Dubai Science Park, and Sports City.
In a major acquisition, Binghatti secured a megaplot in Nad Al Sheba 1, within Meydan, to develop its first master-planned residential community. Spanning over 9 million square feet and carrying a total development value of more than AED 25 billion, this project underscores Binghatti’s long-term vision for Dubai’s urban expansion.
Branded Residences Driving International Demand
Flagship developments in partnership with global icons such as Bugatti, Mercedes-Benz, and Jacob & Co. have seen surging interest among foreign investors. In H1 2025, 61% of sales came from non-resident buyers, up from 55% last year. Leading nationalities include India, Turkey, and China. This international demand is further reinforced by Binghatti’s new sales office in London, launched in July.
At the same time, the developer continues to cater to local demand by improving affordability and financing access. With the UAE’s population growth and strong infrastructure push, homeownership is now more accessible through partnerships with institutions like Abu Dhabi Islamic Bank (ADIB). Their Sharia-compliant financing structure enables buyers to secure financing at 35% construction completion and 50% payment milestones.
Empowering First-Time Buyers and Innovating with PropTech
Binghatti was recently selected as one of 13 developers for Dubai’s First-Time Home Buyer Programme, led by the Dubai Land Department and Dubai Department of Economy and Tourism. Under this initiative, Binghatti commits to reserving 10% of residential inventory under AED 5 million for eligible first-time buyers, helping more UAE residents step into ownership across emerging hubs like Dubai Production City and Al Furjan.
The developer also became a founding partner of the Dubai PropTech Hub—a joint effort between DIFC Innovation Hub and the DLD aiming to attract $300 million in VC investment by 2030. Binghatti now gains access to AI, blockchain, and sustainable smart infrastructure through Living Labs and innovation accelerators.
Credit Ratings and Market Confidence
In recognition of its financial health and operational excellence, Binghatti secured high-profile international credit ratings. Moody’s assigned a Ba3 Corporate Family Rating (CFR) with a stable outlook in March 2025, while Fitch upgraded the company’s Long-Term IDR to BB-. These affirmations bolster confidence among global investors and banks alike.
Leadership Commentary
Muhammad Binghatti, Chairman of Binghatti Holding, stated: “Our differentiated model built around architectural excellence, execution speed, and integrated real estate value creation is what sets us apart. As Dubai continues to draw global capital and high-net-worth individuals, our branded residences and prime locations are more relevant than ever.”
CEO Katralnada Binghatti added: “Launching seven projects and delivering five in just six months reflects our agility and commitment to timely delivery. Our growing backlog and portfolio of branded partnerships highlight our long-term investment in Dubai’s real estate ecosystem.”
Conclusion: Binghatti’s Ascent Continues
With global investor interest, cutting-edge development models, and deep-rooted market confidence, Binghatti is redefining luxury real estate in Dubai. From Business Bay to Meydan, their portfolio caters to lifestyle seekers, high-net-worth investors, and first-time homeowners alike.
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