Latest news with #Binghatti
Khaleej Times
3 hours ago
- Business
- Khaleej Times
Binghatti net profit surges 172% in first half on continued demand
Binghatti Holding Ltd, a leading UAE luxury real estate developer, on Tuesday reported year-on-year profit and revenue almost tripling for the first half of 2025, driven by the continued demand for its projects. Net profit in the first half of 2025 rose 172 per cent year-on-year to Dh1.82 billion, compared to Dh668 million in the same period last year. Total sales reached Dh8.8 billion, representing a 60 per cent year-on-year increase, while revenue surged almost threefold to Dh6.3 billion, making the Company one of the fastest growing in Dubai's real estate market. The Group also saw strong expansion of its development pipeline. As of 30 June 2025, Binghatti's revenue backlog reached Dh12.5 billion, compared to Dh6.6 billion in the same period last year. The surge in backlog was driven by the launch of seven new projects, while five projects were successfully delivered during the first half, handing over 1,441 units into the market. Branded residence drive global investor demand Binghatti's flagship branded residences, developed in collaboration with world-renowned luxury partners Bugatti, Mercedes-Benz, and Jacob & Co. continue to resonate with global customers. In H1 2025, 61 per cent of Binghatti's sales were made to non-resident buyers, up from 55 per cent a year earlier, underscoring Dubai's safe-haven appeal and Binghatti's pro-active marketing, which include the launch of a London sales office in July. Leading buyer nationalities in H1 2025 included India, Turkey and China. While international investors continue to play a growing role in driving sales, Binghatti also continued to benefit from strong local demand, supported by the UAE's expanding population, and ongoing investment in infrastructure and housing accessibility. The company continued to broaden its domestic customer base by improving affordability and access to high-quality real estate developments. In May, Binghatti signed a Memorandum of Understanding with Abu Dhabi Islamic Bank (ADIB) to offer Sharia-compliant home financing solutions tailored to both ready and off-plan residential units. Under the agreement, eligible buyers will be able to secure financing once construction reaches 35 per cent completion and 50 per cent of payments have been made, a flexible structure designed to unlock new demand among UAE-based homeowners and investors. The company was selected in July by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) as one of 13 developers participating in the newly launched First-Time Home Buyer (FTHB) Programme. As part of this initiative, Binghatti has committed to allocating at least 10 per cent of its newly launched and existing residential units priced under Dh5 million exclusively to eligible first-time buyers. In July, Binghatti also became a founding partner of the Dubai PropTech Hub, a joint initiative of the DIFC Innovation Hub and the Dubai Land Department. The Hub, which aims to attract $300 million in venture capital by 2030, will position Binghatti at the forefront of real estate innovation through access to emerging technologies such as AI, blockchain, and sustainable smart infrastructure. As a founding partner, Binghatti will benefit from early engagement with next-generation PropTech start-ups through the Hub's Living Lab, Scale-up Accelerator, and bespoke innovation programs. Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Meydan, Dubai Science Park, Dubai Production City, and Sports City. During the first half, Binghatti launched seven new projects featuring 5,000 units spread over 3.8 million square feet and and handed over five developments comprising 1,441 units over 1 million square feet. The company acquired a landmark megaplot in Nad Al Sheba 1, in the heart of Dubai's sought-after Meydan district with over 9 million square feet of gross floor area, which will serve as the foundation for its first master-planned residential community in Dubai with a total development value of over Dh25 billion. In the first half of 2025, Binghatti's credit profile was formally recognised by leading global rating agencies. In March, Moody's Ratings assigned Binghatti a first-time Ba3 Corporate Family Rating (CFR) with a stable outlook, citing the company's strong market position in Dubai's luxury real estate sector. Shortly after, Fitch Ratings upgraded Binghatti's Long-Term Issuer Default Rating (IDR) and senior unsecured debt to BB- from B+, also with a stable outlook. 'The first half of 2025 has been a period of exceptional growth for Binghatti Holding and the extraordinary year-on-year growth of our net profit and revenue is a reflection of the market's confidence in our differentiated model, one that is built around architectural excellence, speed of execution, and integrated value creation across the entire real estate ecosystem. As Dubai continues to attract global capital and high-net-worth individuals, our developments have become increasingly relevant to an international audience. The rising share of non-resident buyers speaks volumes about both our reach and Dubai's position as a safe, fast-growing investment destination,' said Muhammad BinGhatti, Chairman. 'Our H1 2025 results and operational achievements underscore the discipline, agility, and long-term thinking that drive every aspect of our business. Launching seven projects and handing over four in just six months demonstrates our operational leadership in the market and our deep commitment to on time delivery. Our growing backlog, diversified landbank, and expanding portfolio of unique branded residences created in partnership with global icons Bugatti, Mercedes-Benz Jacob & Co. provide the market with luxury living, investment value and architectural distinction,' said Katralnada Binghatti, CEO
Time of India
3 hours ago
- Sport
- Time of India
Battle of styles, battle for survival: Shubman Gill and Ben Stokes brace for Manchester showdown
Shubman Gill, Ben Stokes (Sahil Malhotra/ in Manchester: Three Tests, six innings, and the series has already seen monumental efforts by both captains. If it was Shubman Gill with the bat at Edgbaston, it was Ben Stokes with his long spells at Lord's, helping their respective teams to Test wins. Two individuals in the hot seat have little in common, but they share one common drive — to lead from the front. One is 34, the other is 25. One has seen a lot as a leader, while the other is taking baby steps into his new role. One is obsessed with a certain way of playing Test cricket , while the other is obsessed with batting and is navigating his way through what is his maiden assignment as captain. There's very little in common, but both are chasing an important moment in their respective careers, standing at contrasting junctures, and a Manchester win stands in their way. Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! The series win would give Stokes the assurance that his methods still tick, while victory for India would do a world of good for Gill, who has struggled with player availability and injuries in his first series as a captain. It's all to play for from July 23 at the Old Trafford cricket ground. The series is on the line for the visitors, while the hosts have a bright opportunity to deliver the knockout blow. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dubai's Next Icon: Experience Binghatti Aquarise Luxury Binghatti Developers FZE Learn More Undo On the eve of the game, very little cricketing activity was possible due to consistent rain, and the press conferences of the two captains turned out to be the only talking point. Stokes spoke at length about his workload, England's approach, sledging the opponents, and the makeup of their XI. Gill, in a much shorter interaction, was very precise and took a nice parting jibe. Very like Stokes, but very unlike Gill. That's how the two media sessions unfolded, but a lot of 'unlike Gill' things have happened in the series so far. The brush with captaincy has certainly flipped the intensity switch in Gill, and he has been far more in-your-face over the last month than he has been in his entire career. The youngster said the challenges of captaincy have been more mental than physical, but he continued to hold his ground on his side's theatrics during those dramatic six minutes at Lord's on Day 3. Poll Who do you think will lead their team to victory in the upcoming Test match in Manchester? Shubman Gill Ben Stokes Draw Too close to call "The English batsmen on that day had 7 minutes of play left. They were 90 seconds late to come to the crease. Not 10, not 20 but 90 seconds late. Even if we were in that position, we would have also liked to play fewer overs. But there is a manner to do it. And we felt, yes, if you get hit on your body, the physios are allowed to come on, and that is something that is fair. But to be able to come 90 seconds late to the crease is not something that I would think comes in the spirit of the game," said Gill, while throwing punches at the opposition, which has upped the chatter on sledging and verbal volleys. Not long before Gill's comments, Stokes mentioned that while they would not initiate any chatter, they would not take a "backward step" when tension rises in the middle. "It's not something that we're going to purposely go out and look to start again, because then that will take our focus off what we actually need to do out in the middle. But by no means are we going to take a backward step and let any opposition try and be confrontational towards us, and not try to give a bit back. I think that goes for most teams, to be honest. So it's not like we're the only team who does that," said Stokes. Shubman Gill explosive press conference: Hits back at England and big revelation on India Playing XI The series is very well placed at the moment, and while India would be disappointed to see the 1-2 scoreline, it's not a reflection of the kind of cricket they have played so far. The scoreline could well have been 2-1 in their favour, if not 3-0, and Manchester will be a stiff test for the depleted bunch to throw the right punches and keep the Anderson-Tendulkar Trophy alive before the caravan moves to London for the final Test. Gill has had a fantastic run with the bat, looked tactically very sound, and Stokes was back to doing Stokes things with his marathon spells and signs of returning to form with the bat. The two captains will be at it for the next five days, chasing the same goal, one with far bigger implications for their, and their teams', futures. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
7 hours ago
- Entertainment
- Time of India
10 Colourful Birds That Look Like They Were Painted by Artists
These days, with filters and edits everywhere, it's easy to forget that some of the most amazing colours still come straight from nature. And birds? Some of them are honestly so colourful, you'd think they aren't real. But they are! No editing, no effects– just feathers that naturally look like they've been painted. All over the world, there are birds with bright blues, glowing greens, and shades that don't even seem real. Some of them use those colours to attract a mate, some to blend in, and others just stand out without trying. Here are ten birds that are so beautiful, you'll probably do a double-take– but yes, they're completely real. Keel-Billed Toucan If you've ever spotted a bird that looked like it had a rainbow for a beak, it was probably this one. The keel-billed toucan lives in Central America and is instantly recognised by its oversized, multicoloured bill– with green, orange, red, and blue all rolled into one. Surprisingly, the beak is lightweight despite its size. It helps the bird pick fruit, insects, and sometimes even small reptiles. With a mostly black body, a yellow throat, and a splash of red under the tail, this bird is as functional as it is eye-catching. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover Why These Off-Plan Dubai Apartments Sell Fast? Binghatti Developers FZE Read More Undo Splendid Fairy Wren For most of the year, this Australian bird blends into the background– until the breeding season, when the male transforms into a bright blue spectacle with black markings across the face. Colour alone isn't the only thing used to impress potential mates– males are also known to present flower petals during courtship. Gouldian Finch Nicknamed the 'rainbow finch,' this tiny bird wears a patchwork of green backs, purple chests, yellow bellies, and heads that can be red, black, or yellow. Each one looks slightly different, making them even more fascinating to spot. They usually move in groups and stay near water sources. Unfortunately, due to habitat loss and trapping, their numbers in the wild have declined. Fiery-Throated Hummingbird Small and quick, this hummingbird shines beautifully. Found in the highlands of Central America, its throat flashes orange, green, and blue when the light hits just right. It feeds on nectar and tiny insects, using its long beak to reach deep into flowers. Indian Peafowl (Peacock) One of the most recognisable birds in the world, the male peafowl's bright blue body and elaborate tail feathers are unmatched. The tail features "eyes" in blue and green, fanned out dramatically during mating displays. Interestingly, the females– known as peahens– are more subdued, dressed in earthy browns and greens without the ornate tail. Lilac-Breasted Roller Found across eastern and southern Africa, this bird looks like a flying colour palette– with a lilac chest, turquoise belly, green head, and bright blue wings. It's no surprise photographers can't resist stopping to capture it. During courtship, it puts on quite a show with quick dives and mid-air rolls. The rest of the time, it's usually perched up high, watching for insects, frogs, or lizards to swoop down on. Wilson's Bird of Paradise One of the most eye-catching birds in the bird-of-paradise family, Wilson's bird of paradise is found in parts of Indonesia. The male stands out with a red back, yellow collar, green chest, and a bright blue, bald head– plus two curly tail feathers that look almost unreal. Red-Necked Tanager With a green body, red neck and cheeks, bluish throat, and hints of purple on the head, this bird looks like someone coloured it in with every crayon they had. It lives mostly in the forests of South America. These birds forage mainly in treetops, occasionally coming down for fruit. Resplendent Quetzal This bird almost glows in the cloud forests of Central America. Males have shimmering green feathers, a red chest, and extremely long tail feathers during the breeding season– sometimes over three feet in length. More than just beautiful, the quetzal has deep cultural roots in ancient Mesoamerican traditions and still features in national symbols and folklore. Spangled Cotinga Found in the Amazon rainforest, the male spangled cotinga has soft blue feathers and a magenta throat– a colour combo you don't see too often. Despite their bright looks, they're usually quiet and stick to themselves, often seen perched high in fruiting trees. During breeding season, they add insects to their diet for a little extra energy– especially when it's time to impress a mate.
Time of India
a day ago
- Health
- Time of India
How does healing work in Fortnite Chapter 6 Season 3?
Image via Epic Games. Healing is an essential part of any shooting game, and Fortnite is not an exception as well. This battle royale title features a huge array of healing items, like Medkit, Bandages, Chug Jug, Fish, and etc. to restore health in different manners. However, Epic Games has recently brought a peculiar change in the healing mechanism in Fortnite which is clearly ruining all the fun of the ongoing Chapter 6 Season 3. So, what is this change and why are fans so frustrated over it? Let's find out. Fortnite players can't heal anymore while in the air Mobility is one of the major aspects players need to succeed in Fortnite. Alongside gunplay, building mechanics plays a pivotal role in the game. Amidst heated situations, previously players used to heal while building structures in front of them or while jumping and falling from those structures. But that's going to change now. In the latest v36.20 update , Epic Games has reportedly implemented a huge change in the healing mechanism, as players are unable to heal themselves while being airborne, that means while jumping and falling. The most striking part of this change was that a big change like this wasn't even properly mentioned in the patch notes of the recent update. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You Won't Believe the Price of These Dubai Apartments Binghatti Developers FZE Get Offer Undo Fornite players are unable to heal while jumping or falling. | Image via Reddit. Fortnite players have always relied on fast-paced combat strategy, where healings are done while fighting the enemies, jumping or falling from the buildings during build battles and aerial escapes to avoid getting vulnerable and wasting time. But this sudden change in the healing mechanism is going to actually change the whole gameplay system. Players now need to find perfect covers in order to initiate healing. This gives the enemies an upper hand against the healing players. Even the rotations will require safer cover and timings. Not only that, players need to heal themselves up fully before escaping from unfavorable situations, which they could easily do while healing. Although, an Epic Game representative has responded to this situation and assured everyone that it is actually a bug and not a permanent change, which is preventing players from consuming Small and Big Shield potions while on the move. However, there has been no official response from Epic Games itself, and players have reported this issue to affect beyond Shield Potions. It's highly unlikely that Epic would ever change the whole gameplay dynamics deliberately. So, fans are eagerly awaiting the developers to bring a plausible fix to this situation. Read More: Fortnite leak reveals potential One Punch Man collaboration Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
Time of India
a day ago
- Politics
- Time of India
Nitish should hand over CM's post to son: Rabri
Patna: Former Bihar CM and leader of opposition in the state legislative council, Rabri Devi, on the opening day of the monsoon session on Monday, said that CM Nitish Kumar should now pass on the baton to his son for the post of state's CM, as he was young. Talking to reporters on the legislative council campus, she said the law and order related problems are everywhere in the country, but Bihar's situation is particularly grim. "Nitish is the state's CM and he also has the home department under him. It is clear that he is unable to control the situation. He should pass on the mantle of the post of CM to his son," she said. When asked by reporters whether she demanded resignation of the CM over law and order issue, she said, "No, I am not seeking his resignation. Instead, he should make his son the state's CM, since he is young." Reacting to Rabri's remark, JD(U) chief spokesman and MLC Neeraj Kumar advised her to worry more about her elder son and MLA Tej Pratap Yadav , who has been expelled from the family and the party by its national chief Lalu Prasad for transgressing the family morality by being in relationship with a woman even when the divorce between him and his wife was pending in the court. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo Senior BJP functionary and deputy CM Vijay Kumar Siha said: "Her (Rabri's) party (RJD) would go high in public esteem, if she considered removing her husband (Lalu) from the post of the party's president, as he had been convicted by a court."
