Binghatti Records 65% Surge in Nine-Month Profit as Dubai Property Business Expands
Developer reports AED 4.4 billion in net profit, supported by higher revenue, property sales and progress across its residential development portfolio
Dubai-based property developer Binghatti Holding Limited has reported a substantial increase in its financial performance for the first nine months of 2026, with net profit climbing 65% year-on-year to AED 4.4 billion.
The company's results for the period ending 30 September 2026 show that revenue reached AED 14.9 billion, marking a 66% increase compared with the corresponding period last year. Property sales also recorded positive growth, rising 11% to AED 14.2 billion.
The latest profit figure has already exceeded Binghatti's full-year net earnings of AED 3.6 billion recorded in 2025, highlighting the company's strong performance during the current financial year.
The developer also reported a notable improvement in its financial position. Total shareholders' equity increased to AED 11.2 billion, compared with AED 6.8 billion at the end of December 2025.
Five residential developments completed
Binghatti confirmed the completion of five projects within the reporting period, including Binghatti Apex, Binghatti Ghost, Binghatti Ivory, Binghatti Haven and another development identified in the company's announcement.
The company continues to advance construction activities across its wider portfolio, supporting its growing residential development pipeline in Dubai.
Its contracted revenue backlog reached AED 16.4 billion. The amount is expected to be recognised over the next one to three years, providing the developer with a pipeline of future revenue from its existing commitments.
In addition, Binghatti reported a development backlog valued at AED 33 billion, reflecting the scale of projects currently forming part of its development activities.
Expansion into villa and master communities
Beyond its established apartment developments, Binghatti has broadened its property portfolio by entering new residential segments.
The company launched Tilal Binghatti, marking its first villa community, while Mercedes-Benz Places | Binghatti City represents its entry into master-planned community development.
The developer is also focusing on locations expected to benefit from Dubai's expanding public transport network. According to Chairman, CEO and Managing Director Muhammad BinGhatti, more than half of the company's residential units are situated within communities expected to be connected by new metro lines.
Commenting on the financial results, Muhammad BinGhatti said the 11% increase in sales to AED 14.2 billion demonstrates continued buyer interest in homes that offer suitable locations and competitive pricing.
He added that the company's substantial contracted revenue and development backlogs provide greater visibility over its business outlook heading into 2027.
Binghatti strengthens its position in Dubai's property market
The latest financial performance reflects Binghatti's expanding role in Dubai's residential real estate sector. Its growing project portfolio, higher sales and progress in construction demonstrate the scale of its ongoing development activities.
The company's move into villa communities and large-scale master-planned developments also broadens its presence beyond its traditional residential offerings.
With AED 16.4 billion in contracted revenue awaiting recognition and a development backlog of AED 33 billion, Binghatti enters 2027 with a significant pipeline of business activity and projects supporting its future growth.
END.
