Binghatti set a record by achieving its ever highest profit value of AED 2.66 billion in the first 9 months of 2025, which is 145% higher compared to the last year, 2024. This is showing the continued strong growth of the Dubai real estate market, which is supported by the fast sale and early handover of projects.
During this period, the revenue of the Binghatti has almost tripled and reached AED 8.96 billion, and has seen the growth of 143% in gross profit, which is AED 3.95 billion. The company earned the revenue of AED 2.64 billion with the profit of AED 839 million in just the third quarter of 2025, which is double compared to 2024.
Strong Operations Growth
By selling the 12000 units in the first 9 months of 2025, Binghatti becomes a top off plan developer in Dubai. In 2025, it launched 11 projects worth of AED 11 billion, the total number of units is 7000, and with a space onf 6 million sq. ft.
Till the end of September, Binghatti had 27 on-ground active projects, which are under construction, representing higher 29% compared to last year, and a value of AED 44 billion in total. Binghatti planned another 11 projects, which are going to add more 18000 homes and a value of AED 30 billion.
Binghatti, around 60% sales are coming through international investors, which is showing strong confidence in investors in Dubai real estate.
Financial Strength
Total assets of the company have grown to 73% and reached AED 22 billion, and cash reserves are more than double to AED 7.7 billion. Including an AED 500 million Green Sukuk to support the sustainable projects, Binghatti issued the two sukuk bonds.
Moody's and Fitch both rated the Binghatti with a stable outlook, which highlights its solid cash flow and responsible financial management.
Source from: Gulf News
