Binghatti Holding Reports 73% Profit Growth in Q1 2026 Amid Strong Dubai Real Estate Demand
Wednesday, 13 May 2026
Binghatti Holding delivered exceptional financial performance in the first quarter of 2026, recording a 73% increase in net profit to Dh1.43 billion. Driven by strong property sales, new project launches, and sustained investor confidence in Dubai’s real estate market, the company continued its growth momentum with over 4,000 units sold and a strengthened development pipeline.
Key Highlights
- Binghatti Holding reported a 73% rise in Q1 2026 net profit to Dh1.43 billion
- Revenue increased 52% year-on-year to Dh4.39 billion
- EBITDA surged 83% to Dh1.83 billion during the quarter
- Net profit margin improved to 33%, up from 29% in Q1 2025
- Gross profit margin climbed to 43%, reflecting strong operational performance
- The company sold more than 4,000 residential units during Q1 2026
- Total sales for the quarter reached Dh5.88 billion
- Binghatti launched five new projects valued at Dh8.58 billion
- Newly launched developments include 4,696 residential units across Dubai
- Total company assets grew to Dh32.87 billion
- Cash reserves strengthened to Dh9.9 billion, highlighting solid financial flexibility
- Binghatti’s development backlog reached approximately Dh52 billion
- The company maintains a strong sales backlog of Dh16 billion and revenue backlog of Dh18 billion
- Binghatti successfully issued a $500 million Sukuk with a 5.5-year maturity
- The Sukuk issuance was oversubscribed by more than 4.4 times, reflecting strong global investor confidence
