Binghatti Holding Ltd has reported record financial results for the first nine months of 2025, with net profit soaring 145% year-on-year to Dh2.66 billion, marking its strongest performance to date.
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Binghatti Holding Ltd has reported record financial results for the first nine months of 2025, with net profit soaring 145% year-on-year to Dh2.66 billion, marking its strongest performance to date.
Binghatti Holding Ltd has reported record financial results for the first nine months of 2025, with net profit soaring 145% year-on-year to Dh2.66 billion, marking its strongest performance to date. The developer’s revenue nearly tripled to Dh8.96 billion, supported by accelerated sales and early project handovers, reflecting the resilience of Dubai’s property market.
The company sold around 12,000 units, becoming Dubai’s top-selling off-plan developer by volume. It launched 11 projects valued at over Dh11 billion, totaling more than 7,000 units and 6 million square feet of sellable area. Binghatti also has 27 projects under development, expanding its portfolio by 29% since the end of 2024, with an estimated gross development value of Dh44 billion, and 11 additional projects in planning stages set to add another Dh30 billion in value.
Financially, total assets rose 73% to Dh22 billion, cash more than doubled to Dh7.7 billion, and equity increased 84% to Dh5.8 billion. Binghatti maintained healthy margins with 44% gross, 37% EBITDA, and 30% net. Its debt-to-equity ratio stood at 1.2 times. The funding base was strengthened through two sukuk issuances, including a dual-listed $500 million Green Sukuk supporting sustainable developments, which were oversubscribed by more than five times. Rating agencies Moody’s and Fitch reaffirmed the company’s stable outlook, citing strong liquidity and disciplined capital management.
CEO Katrana BinGhatti described this period as a “defining phase of growth,” crediting Dubai’s strong fundamentals and the company’s integrated business model. CFO Shehzad Janab highlighted the firm’s margin discipline and liquidity as Binghatti progresses into its next growth phase.
The company anticipates sustained growth, supported by Dubai’s Economic Agenda D33, the Real Estate Strategy 2033, and the 2040 Urban Master Plan, driven by rising homeownership and steady inflows of international capital, signaling a shift toward a more sustainable property cycle.
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