Binghatti Profit Rises 65% to Dh4.4bn in Nine Months

Dubai-based real estate developer Binghatti Holding reported a 65% year-on-year increase in net profit to Dh4.4 billion for the first nine months of 2026.

Revenue also increased 66% to Dh14.9 billion during the period ended September 30. Sales rose 11% to Dh14.2 billion, reflecting continued demand for residential properties across Dubai.

The financial performance comes amid population growth, infrastructure investment and increasing demand from residents and end users.

The developer said its results were supported by construction progress, project completions and sales across its residential portfolio.

Revenue and Sales Increase Across the Business

Binghatti recorded strong growth across its financial indicators during the first nine months of 2026.

Third-quarter revenue more than doubled compared with the corresponding period last year. Sales in the third quarter increased 7% to Dh4.6 billion.

Other financial highlights included:

• Gross profit increased 62% to Dh6.4 billion.
• EBITDA rose 74% to Dh5.7 billion.
• Total equity reached Dh11.2 billion, compared with Dh6.8 billion at the end of 2025.
• Corporate cash increased to Dh2.7 billion.

Chairman Muhammad BinGhatti attributed the performance to the company's integrated business model. Its in-house capabilities cover design, contracting and project delivery.

Five Residential Projects Completed During 2026

Construction progress and completed developments contributed to the company's revenue growth.

Binghatti completed five residential projects during the reporting period and handed over approximately 2,600 units to buyers.

The completed developments include:

• Binghatti Apex
• Binghatti Ghost
• Binghatti Ivory
• Binghatti Haven
• Binghatti Grove

The developer also has eight additional projects comprising approximately 6,400 residential units scheduled for completion before the end of 2026.

The company expects these handovers to support customer collections and cash conversion.

Also Read: Danube Sells Out ₹50-Crore Gauri Khan-Designed Penthouses

Binghatti Reports Strong Development and Revenue Backlogs

The company's contracted revenue backlog stood at Dh16.4 billion. This amount is expected to be recognised over the next one to three years. Its development backlog was valued at Dh33 billion.

These figures provide visibility into the company's future project pipeline and expected revenue recognition.

Binghatti also launched 12 projects during the first nine months of 2026.

Also Read: Binghatti Sells Two Penthouses for Dh270 Million

New Projects and Dubai Metro Expansion Support Growth Plans

Binghatti expanded its residential portfolio with the launch of Tilal Binghatti, its first villa community, and Mercedes-Benz Places | Binghatti City, its first master-planned development.

The developer also highlighted upcoming transport infrastructure as an important factor for its project locations.

More than half of its completed and under-development units are situated in communities expected to be connected by Dubai's new metro lines.

The Dubai Metro Blue Line is scheduled to open in 2029, while the Gold Line is planned for 2032. These developments are expected to improve connectivity across several residential communities.

With higher sales, completed projects and a substantial development backlog, Binghatti enters the final part of 2026 with a growing residential portfolio and continued expansion plans.

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