Latest news with #NeymarJunior
ME Construction
4 days ago
- Business
- ME Construction
Binghatti Holding launches its first master-planned community
Property Binghatti Holding launches its first master-planned community By The company has acquired a sizeable land plot for its $6.8bn residential community Binghatti Holding has acquired a freehold plot of land in the heart of Dubai's Meydan district to develop a residential community valued at more than US $6.8bn. The land spans more than eight million sqft of gross floor area and is the company's first master-planned community project. Located in Nad Al Sheba 1, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle. The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup. With seamless connectivity to major roads and proximity to Dubai's key landmarks, the planned community will offer both convenience and exclusivity, said Binghatti Holding in a statement. 'The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule,' commented Chairman Muhammad BinGhatti. He added, 'Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' 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, Dubai Science Park, Dubai Production City and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli, the statement concluded.
Gulf Business
4 days ago
- Business
- Gulf Business
Binghatti acquires mega plot for Dhs25bn master planned community in Dubai
Image: Supplied The anticipated value of the development exceeds Dhs25bn($6.8bn), positioning it among the largest single-site residential projects in the emirate. The land is located in Nad Al Sheba 1, within Dubai's Meydan district, an area historically linked with equestrian heritage and the former Nad Al Sheba Racecourse. 'The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey,' said Muhammad BinGhatti, chairman of Binghatti Holding. 'The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule. Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' The future development is expected to offer a 'refined and tranquil' lifestyle, with the company citing its central location and access to major roadways and key landmarks as core to its appeal. A key milestone for Binghatti The move marks a significant shift for Binghatti, which until now has been focused on high-rise branded residences, including the Bugatti Residences, Binghatti has also attracted high-profile clientele, including football star Neymar Junior and opera legend Andrea Bocelli. Led by Muhammad BinGhatti, Binghatti Holding manages a portfolio of over 80 projects valued at more than Dhs50bn. In the past 16 months, the company has delivered more than 11,000 residential units, underscoring its rapid growth trajectory and market presence.
Arabian Business
19-02-2025
- Business
- Arabian Business
Binghatti Holding delivers record revenue of $1.72bn as sales double
Riding on high demand for luxury properties and the successful launch of new projects, Binghatti Holding announced it has achieved the highest-ever sales for a financial year of AED 11.6 billion ($3.16 billion), an increase of 161 per cent in 2024. Total revenue surged almost 200 per cent to AED 6.3 billion ($1.72 billion) in 2024, while net profit attributable to shareholders was up 152 per cent to a record AED 1.83 billion ($500 million), compared to AED 730 million ($198.8 million) in 2024. In 2024, the company significantly expanded its property portfolio, leading to an 182 per cent increase in its revenue backlog to approximately AED 10 billion ($2.72 billion) as of December 31, 2024. That figure stood at AED 3.4 billion ($930 million) in 2023. The increase was driven by the launch of 16 new projects, which introduced 11,750 new units to the market. Meanwhile, 3,700 units across 10 projects were successfully delivered to clients, reinforcing the company's strong execution capabilities. Muhammad Binghatti, Chairman of Binghatti Holding, commented: 'The year 2024 has been a transformative year for the company, and our exceptional financial results reflect the strengthening of our position in Dubai's luxury real estate market. 'Our record performance also demonstrates the growing demand for premium properties and our ability to deliver world-class developments in collaboration with global luxury brands. With a strong revenue backlog, robust project pipeline, and a strategic landbank, we are exceptionally well-positioned to drive sustainable growth that creates long-term value for our stakeholders.' Binghatti continued to attract attention in the market with its high-end and branded real estate collaborations, featuring renowned luxury brands such as Mercedes Benz, Bugatti, and Jacob & Co. Its clientele through the year included celebrities such as the Brazilian football star Neymar Junior and opera singer Andrea Bocelli. The company expected the growth to continue, having acquired over 13 million square feet of prime development land in Dubai, with an estimated future total development value exceeding AED 26 billion ($7.08 billion). Katralnada A Binghatti, the CEO of Binghatti Holding, added: 'The company's record sales in 2024 of AED 11.6 billion is a testament to the relationships our teams have built and the trust our clients place in us. Our commitment to innovation and quality continues to define our success in one of the world's most competitive real estate markets. 'Our growing landbank of prime development land underscores our ambition to shape the future of luxury urban living in Dubai. We remain committed to setting new industry benchmarks, driving profitability, and delivering unparalleled value.'
Zawya
18-02-2025
- Business
- Zawya
Binghatti 2024 net profit surges 152% to AED 1.83bln, driven by record-breaking sales
Revenue backlog almost tripled to AED 10 billion at the end of 2024 Pretax profit exceeding AED 2 billion, a 177% year-on-year increase Dubai, The UAE - Binghatti Holding Ltd ('Binghatti' or 'the Company'), a leading UAE luxury real estate developer, announced an outstanding financial performance in 2024, with net profit attributable to shareholders soaring 152% to a record AED 1.83 billion, compared to AED 0.73 billion in 2023. The Company's exceptional growth was fueled by unprecedented demand for luxury properties in Dubai and the successful launch of new projects, driving the company's highest-ever sales. Binghatti reported AED 11.6 billion in total sales, which translated into a surge of almost 200% in revenue to AED 6.3 billion, underscoring the Company's commitment to operational excellence and strong market positioning in Dubai's luxury real estate sector. In 2024, the Company significantly expanded its property portfolio, leading to a 182% increase in its revenue backlog to approximately AED 10 billion as of December 31, 2024, compared to AED 3.4 billion in 2023. The significant increase was driven by the launch of 16 new projects, which introduced 11,750 new units to the market. Meanwhile, 3,700 units across 10 projects were successfully delivered to clients, reinforcing the company's strong execution capabilities. Binghatti continued to elevate its market appeal with high-end, branded real estate collaborations featuring globally renowned luxury icons such as Mercedes Benz, Bugatti, and Jacob & Co. The Company's exclusive clientele includes celebrities such as the Brazilian footballer Neymar Junior and opera singer Andrea Bocelli, further solidifying its status as a market leader in the high-end property sector. Looking ahead, the Company's growth will be enhanced by the acquisition of over 13 million square feet of prime development land in Dubai, with an estimated future total development value exceeding AED 26 billion. Chairman of Binghatti Holding Ltd., Muhammad Binghatti, commented: "2024 has been a transformative year for the Company, and our exceptional financial results reflect the strengthening of our position in Dubai's luxury real estate market. Our record performance also demonstrates the growing demand for premium properties and our ability to deliver world-class developments in collaboration with global luxury brands. With a strong revenue backlog, robust project pipeline, and a strategic landbank, we are exceptionally well-positioned to drive sustainable growth that creates long-term value for our stakeholders." CEO of Binghatti Holding Ltd., Katralnada A. Binghatti, added: "The Company's record sales in 2024 of AED 11.6 billion is testament to the relationships our teams have built and the trust our clients place in us. Our commitment to innovation and quality continues to define our success in one of the world's most competitive real estate markets. Our growing landbank of prime development land underscores our ambition to shape the future of luxury urban living in Dubai. We remain committed to setting new industry benchmarks, driving profitability, and delivering unparalleled value.' The Company's USD 500 million sukuk is listed on the London Stock Exchange and Nasdaq Dubai. -Ends- For more information, please contact: Mahmoud Kassem Brunswick mkassem@ About Binghatti: Binghatti Developers is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 70 projects valued at over 40 billion AED. The company 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 has successfully delivered over 15,000 residential units as of 2024, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. The company 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.
Yahoo
13-02-2025
- Business
- Yahoo
Neymar Junior eyeing summer return to Barcelona
Earlier this year, Neymar Junior brought his nightmare Al Hilal spell to an end, as he joined boyhood club Santos on a six-month contract. He took a massive wage cut to return to Brazil, and in doing so, it could set him up to join another of his former clubs during the summer transfer window. Over the last few years, Neymar has regularly been linked with a return to Barcelona, whom he left in 2017 to join Paris Saint-Germain for a world-record transfer fee. Many saw his career as having gone downhill from that moment, and with that in mind, he could end up returning to the summit later in 2025. According to Cadena SER, Neymar only intends to stay at Santos until the summer, as his goal is to make a return to European football. For him, the ideal situation would be to re-join Barcelona. The idea of Neymar during his short spell at Santos is to show the big clubs in Europe, including Barcelona, that he is still more than good enough to compete at the highest level. He also has his eyes on cementing a place in the Brazil national team squad for the 2026 World Cup, which takes place in North America. It has become something of a running joke that Neymar is constantly linked with a move back to Barcelona, although on this occasion, there does appear to be some chances that it could happen. Barcelona sporting director Deco is keen for the club to bring in a new left winger, and if the 33-year-old were to be willing to remain on similar wages to what he is currently earning at Santos, it would also make an operation more likely to be considered, given that the Catalans cannot afford to spend too much on wages because of their well-documented financial problems.
