Binghatti Group revenue rises 66% as project pipeline stays on schedule
Revenue reached AED14.9 billion and net profit AED4.4 billion in the first nine months of 2026, with eight more projects due for handover by year-end.
Binghatti Group's development pipeline remains on schedule, and the Dubai developer closed the first nine months of 2026 with revenue of AED14.9 billion, a 66% rise on the same period a year earlier. Net profit grew 65% to AED4.4 billion. Sales for the nine months ended 30 September 2026 reached AED14.2 billion. Timely execution and disciplined growth remain the organising principles behind those numbers.
Muhammad BinGhatti, chairman of Binghatti Holding, said holding a lead in the market takes more than announcing new launches. Converting demand into sales, keeping to timelines and delivering the finished property matter just as much, he said. He put buyer confidence and execution at the centre of the company's performance.
Five projects were completed in the period: Binghatti Apex, Binghatti Ghost, Binghatti Ivory, Binghatti Haven and Binghatti Grove. Together they handed over roughly 2,600 units. Another eight projects, about 6,400 units in total, are reported on track for completion by the end of 2026.
The balance sheet is being managed on the same footing. Binghatti Group intends to repay its $500 million sukuk in full when it matures in February 2027, using cash generated inside the business rather than new borrowing. Corporate cash stood at about 1.5 times the amount due as of 30 September 2026. Binghatti Holding earlier secured a $500 million green sukuk, an issuance that drew more than $2 billion in orders.
The company runs a vertically integrated operating model, which gives it tighter control over design, procurement and construction, and helps hold coordination together across many simultaneous sites. It has also moved past its conventional project range. Tilal Binghatti is a villa community. Mercedes-Benz Places | Binghatti City carries a branded component. Both point to larger residential formats.
Dubai's property market is going through changing dynamics, and the sector's next phase of growth depends on balancing expansion against execution: construction progress, operational control and timely handover. Investors are becoming more sensitive to where the opportunities and the risks sit. Binghatti's development pipeline, delivery record and strategic land bank are expected to let it capitalise on those trends.
