Binghatti Achieves Record 145% Profit Surge as Dubai Real Estate Market Thrives

Binghatti Holding has reported a remarkable 145% YoY increase in net profit, reaching Dh2.66 billion for the first nine months of 2025. Backed by strong demand from both end-users and global investors, the developer continues to lead Dubai’s off-plan market with robust sales, a growing project pipeline, and powerful financial performance. With revenues nearly tripling and a healthy development pipeline of 40,000 units, Binghatti is firmly positioned for continued expansion, reflecting the strength and long-term outlook of Dubai’s property market.

Key Highlights:

• Net Profit: Dh2.66 billion — up 145% YoY
• Revenue: Dh8.96 billion — nearly tripled
• Gross Profit: Dh3.95 billion — up 143%
• EBITDA: Dh3.28 billion — up 139%
• Units Sold: ~12,000 — Dubai’s top off-plan developer by volume
• New Projects Launched: 11 with GDV over Dh11 billion
• Pipeline: Nearly 40,000 units across 38 projects (GDV ~Dh75 billion)
• Investor Mix: 60% non-resident buyers, highlighting global confidence
• Financial Strength:
  • Assets: Dh22 billion — 73% increase
  • Cash reserves: Dh7.7 billion — doubled
  • Gross margin: 44%, EBITDA margin: 37%, net margin: near 30%
• Capital Markets:
  • Two successful sukuk issuances, including USD 500M Green Sukuk
  • Strong oversubscription & reaffirmed stable outlook by Moody’s & Fitch
• Growth Outlook: Supported by D33 Agenda, Real Estate Strategy 2033, UAE 2040 Master Plan

Binghatti’s record performance reinforces Dubai’s position as a global real estate powerhouse, driven by sustained buyer confidence, innovative development, and strategic economic growth.