Latest news with #MuhammadBinghatti
Economy ME
15 hours ago
- Business
- Economy ME
Binghatti Holding sees record AED 1.82 billion profit in first half of 2025
Binghatti Holding, one of the UAE's leading luxury real estate developers, has reported record-breaking financial results for the first half of 2025, with net profit and revenue nearly tripling year-on-year. The performance was fueled by sustained demand for Binghatti's high-end developments, specifically its branded residences in partnership with global luxury icons. The company's net profit surged 172 percent to AED 1.82 billion, up from AED 668 million in H1 2024. Revenue rose nearly threefold to AED 6.3 billion, while total sales climbed 60 percent year-on-year to AED 8.8 billion, solidifying Binghatti's position as one of the fastest-growing players in Dubai's dynamic real estate market. Binghatti's development pipeline also expanded significantly, with the revenue backlog reaching AED 12.5 billion as of June 30, 2025 — nearly doubling from AED 6.6 billion a year earlier. The jump was attributed to the launch of seven new projects, while five were delivered in the first half of the year, adding 1,441 units to the market. Binghatti's total sales increased 60 percent YoY to AED 8.8 billion Read: Binghatti launches first International Sales Boutique in the U.K. to attract global investors Chairman Muhammad Binghatti says: '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.' Chairman Muhammad Binghatti CEO Katralnada Binghatti added: '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.' CEO Katralnada Binghatti Branded residences attract global buyers Binghatti's strategic collaborations with luxury brands Bugatti, Mercedes-Benz, and Jacob & Co. continue to elevate its appeal among global investors. The company's unique blend of architectural innovation and iconic design has drawn high-profile clients such as Brazilian footballer Neymar Jr. and opera legend Andrea Bocelli. In H1 2025, 61 percent of Binghatti's sales came from non-resident buyers, up from 55 percent in H1 2024 — a clear sign of growing international demand. This was supported by the company's global outreach strategy, including the opening of a London sales office in July. Expanding access for local buyers While international demand continues to grow, Binghatti also saw strong domestic interest, supported by the UAE's rising population and government-backed housing initiatives. In May 2025, Binghatti signed an MoU with Abu Dhabi Islamic Bank (ADIB) to provide Sharia-compliant home financing for both ready and off-plan units. The structure allows eligible buyers to access financing once 35 percent of construction is completed and 50 percent of payments are made — enhancing affordability for local investors. In July, Binghatti was selected by the Dubai Land Department (DLD) and Dubai Department of Economy and Tourism (DET) as one of 13 developers for the First-Time Home Buyer (FTHB) Program. As part of the initiative, 10 percent of Binghatti's residential units priced under AED 5 million will be reserved for first-time buyers, with early access, exclusive discounts, and reduced fees — benefitting both Emiratis and expatriates. PropTech leadership and innovation Binghatti further cemented its leadership in real estate innovation by becoming a founding partner of the Dubai PropTech Hub in July. The Hub — a collaboration between the DIFC Innovation Hub and Dubai Land Department — aims to attract $300 million in venture capital by 2030 and drive adoption of AI, blockchain, and sustainable smart infrastructure. As a founding partner, Binghatti gains early access to cutting-edge startups through innovation labs and accelerator programs. Binghatti's revenue rose 189 percent YoY to AED 6.3 billion Aggressive development strategy and landmark land acquisition Binghatti currently has approximately 20,000 units under development across 30 projects in key Dubai locations, including Downtown, Business Bay, Jumeirah Village Circle, Meydan, and Dubai Science Park. During H1 2025, the developer launched seven new projects spanning 5,000 units over 3.8 million square feet, and handed over five developments totaling 1,441 units across 1 million square feet. The company also acquired a megaplot in Nad Al Sheba 1, at the heart of the Meydan district, with over 9 million square feet of gross floor area. This site will anchor Binghatti's first master-planned residential community, with a projected development value exceeding AED 25 billion. Binghatti Holding sets itself apart in the market by being active across the entire real estate ecosystem Credit ratings affirm strong financial position Binghatti's credit strength was validated in H1 2025 by global rating agencies. In March, Moody's Ratings assigned the company a Ba3 Corporate Family Rating (CFR) with a stable outlook, citing its strong market position, vertical integration, and sound financial management. 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 firm's net debt-to-EBITDA ratio of 0.8x, robust liquidity, and ability to self-fund projects were among the key strengths highlighted. Both agencies noted Binghatti's improved governance and institutional credibility following its $500 million sukuk issuance, now listed on both the London Stock Exchange and Nasdaq Dubai.
Entrepreneur
4 days ago
- Business
- Entrepreneur
Binghatti Opens its London Boutique Marking Larger International Presence
Binghatti's entry into the UK market represents a strategic move to facilitate international investment into the UAE's thriving real estate sector. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Binghatti, a UAE-based property developer, has officially launched its first International sales boutique in the United Kingdom. The landmark opening took place on July 16, 2025, in Knightsbridge on Brompton Road, part of the South Kensington Estate. The ceremony featured a symbolic ribbon-cutting led by Binghatti's founder Dr. Hussain Binghatti Aljbori, and Chairman Muhammad Binghatti celebrating a pivotal step in the brand's global expansion journey. With a development portfolio exceeding AED50 billion, over 80 projects, and more than 11,000 residential units delivered across Dubai, Binghatti's entry into the UK market represents a strategic move to facilitate international investment into the UAE's thriving real estate sector. The London Boutique will serve as a centralized hub for global investors, offering direct access to Binghatti's premium Dubai developments and personalized investment advisory services. Binghatti's name is synonymous with architectural distinction and global partnerships. The developer has launched several acclaimed branded residences in collaboration with iconic names such as Bugatti, Mercedes-Benz, and Jacob&Co. Among Binghatti's record-breaking branded residences are the Bugatti Residences by Binghatti, Mercedes-Benz Places by Binghatti, and the Burj Binghatti Jacob&Co. Residences, set to become the world's tallest branded residential tower. These developments have garnered worldwide recognition and attracted high-profile clientele, including global footballer Neymar Jr., opera legend Andrea Bocelli, footballer Aymeric Laporte, and most recently, Hollywood actor Terry Crews, who acquired a residence at Binghatti Aquarise in early 2025. The Binghatti London Boutique, will not only highlight Binghatti's latest real estate offerings but will also serve as a dedicated investment platform for international buyers. A team of real estate experts and sales professionals will be on-site to provide end-to-end client services, including property showcases, investment consultations, and sales transactions. Chairman Muhammad Binghatti commented, "Our presence in London marks a strategic evolution in our vision to make world-class real estate accessible to international investors. At Binghatti, we are committed to delivering architectural excellence and investment value to a global clientele, allowing them to connect directly with Dubai's most prestigious opportunities right from their own cities."
Zawya
5 days ago
- Business
- Zawya
Binghatti expands globally, launches first international sales boutique
UAE – Binghatti has officially launched its first International Sales Boutique in London on 16 July 2025 to serve as a centralized hub for global investors, according to a press release. The new facility, which is located in the UK's district of Knightsbridge on Brompton Road, part of the South Kensington Estate, offers direct access to Binghatti's premium Dubai developments and personalized investment advisory services. Binghatti is one of the UAE's fastest-growing leading property developers, with a development portfolio exceeding AED 50 billion, over 80 projects, and more than 11,000 residential units delivered across Dubai. The Binghatti London Boutique will serve as a dedicated investment platform for international buyers. Meanwhile, the company's entry into the UK market represents a strategic move to facilitate international investment into the UAE's thriving real estate sector. Chairman Muhammad Binghatti said: 'Our presence in London marks a strategic evolution in our vision to make world-class real estate accessible to international investors.' The official added: 'At Binghatti, we are committed to delivering architectural excellence and investment value to a global clientele, allowing them to connect directly with Dubai's most prestigious opportunities right from their own cities.' The developer has launched several acclaimed branded residences in collaboration with iconic names like Bugatti, Mercedes-Benz, and Jacob&Co. Amongst Binghatti's record-breaking branded residences are the Bugatti Residences by Binghatti, Mercedes-Benz Places by Binghatti, and the Burj Binghatti Jacob&Co. meanwhile, Residences is set to become the world's tallest branded residential tower. Earlier in 2025, Binghatti Holding Limited opened a Dubai International Financial Centre- (DIFC) based asset management firm under the name Binghatti Capital to target the management of about $1 billion in Sharia-compliant private credit and real estate strategies.
Arabian Business
5 days ago
- Business
- Arabian Business
Dubai real estate developer Binghatti opens London office
UAE property developer Binghatti has launched its first international sales boutique in the United Kingdom, opening the doors to its new London location on July 16, 2025. The boutique is located on Brompton Road in Knightsbridge, part of the South Kensington Estate. Binghatti's Founder, Dr. Hussain Binghatti Aljbori and Chairman Muhammad Binghatti conducted a ribbon-cutting ceremony to mark the opening. Dubai developer launches UK branch The Dubai-based developer operates a portfolio worth more than AED 50 billion, spanning over 80 projects and delivering more than 11,000 residential units across Dubai. The London boutique represents the company's move to attract international investment into the UAE's property sector. The new sales hub will serve as a centre for international investors, providing access to Binghatti's Dubai developments and investment advisory services. View this post on Instagram A post shared by Binghatti بن غاطي (@binghatti) The boutique will house a team of property experts and sales professionals offering property showcases, investment consultations, and sales transactions. Binghatti has developed branded residences in partnership with companies including Bugatti, Mercedes-Benz, and Jacob&Co. The developer's projects include the Bugatti Residences by Binghatti, Mercedes-Benz Places by Binghatti, and the Burj Binghatti Jacob&Co. Residences, which is set to become the world's tallest branded residential tower. The company's developments have attracted buyers including footballer Neymar Jr., opera singer Andrea Bocelli, footballer Aymeric Laporte, and Hollywood actor Terry Crews, who purchased a residence at Binghatti Aquarise in early 2025. Chairman Muhammad Binghatti said: 'Our presence in London marks a strategic evolution in our vision to make world-class real estate accessible to international investors. At Binghatti, we are committed to delivering architectural excellence and investment value to a global clientele, allowing them to connect directly with Dubai's most prestigious opportunities right from their own cities.' The opening event served as a networking platform for investors, property professionals, and institutional partners.
Zawya
5 days ago
- Business
- Zawya
Binghatti opens its London Boutique Marking Larger International Presence
Dubai, UAE - Binghatti, one of the UAE's fastest-growing leading property developers, has officially launched its first International Sales Boutique in the United Kingdom. The landmark opening took place on July 16th, 2025, in the prestigious district of Knightsbridge on Brompton Road, part of the South Kensington Estate. The ceremony featured a symbolic ribbon-cutting led by Binghatti's Founder Dr. Hussain Binghatti Aljbori, and Chairman Muhammad Binghatti celebrating a pivotal step in the brand's global expansion journey With a development portfolio exceeding AED 50 billion, over 80 projects, and more t han 11,000 residential units delivered across Duba i, Binghatti's entry into the UK market represents a strategic move to facilitate international investment into the UAE's thriving real estate sector. The London Boutique, will serve as a centralized hub for global investors, offering direct access to Binghatti's premium Dubai developments and personalized investment advisory services. Binghatti's name is synonymous with architectural distinction and global partnerships. The developer has launched several acclaimed branded residences in collaboration with iconic names such as Bugatti, Mercedes-Benz, and Jacob&Co.. Amongst Binghatti's record-breaking branded residences are the Bugatti Residences by Binghatti, Mercedes-Benz Places by Binghatti, and the Burj Binghatti Jacob&Co. Residences, set to become the world's tallest branded residential tower. These developments have garnered worldwide recognition and attracted high-profile clientele, including global footballer Neymar Jr., opera legend Andrea Bocelli, footballer Aymeric Laporte, and most recently, Hollywood actor Terry Crews, who acquired a residence at Binghatti Aquarise in early 2025. The Binghatti London Boutique, will not only highlight Binghatti's latest real estate offerings but will also serve as a dedicated investment platform for international buyers. A team of real estate experts and sales professionals will be on-site to provide end-to-end client services, including property showcases, investment consultations, and sales transactions. Chairman Muhammad Binghatti commented 'Our presence in London marks a strategic evolution in our vision to make world-class real estate accessible to international investors. At Binghatti, we are committed to delivering architectural excellence and investment value to a global clientele, allowing them to connect directly with Dubai's most prestigious opportunities right from their own cities.' The Binghatti London Boutique Grand Opening served as a high-level networking event for investors, real estate professionals, and institutional partners. This milestone affirms Binghatti's continued commitment to global market integration, design-led development, and the future of international real estate investment. About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED 50 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,600 residential units over the past 18 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai.
