Binghatti Achieves $1.6 Billion in Real Estate Sales in Q1 2026

Binghatti Achieves $1.6 Billion in Real Estate Sales in Q1 2026

Binghatti Holding recorded real estate sales of $1.6 billion (AED 5.88 billion) during the first quarter of 2026, selling over 4,000 units, driven by strong demand for its residential projects in Dubai.

Binghatti Holding The company achieved strong financial results during the three months ending March 31, 2026, with profits increasing by 52% year-on-year to reach $1.2 billion (AED 4.39 billion), while net income jumped by 73% to approximately $390 million (AED 1.43 billion), reflecting the company's successful performance. This also resulted in EBITDA reaching nearly $499 million (AED 1.83 billion), representing an 83% year-on-year growth. Consequently, net profit improved to 33%, compared to 29% during the same period last year, and advertising revenue increased significantly to 43%. Based on this, the company's total assets reached approximately $8.96 billion (AED 32.87 billion), and its assets reached $2.7 billion (AED 9.9 billion) by the end of the year, enhancing its ability to finance expansion and future projects. Firstly, Binghatti successfully launched five new development projects that are nearing completion. $2.34 billion (AED 8.58 billion), secured by 4,696 real estate units, while the value of development projects reached approximately $14.2 billion (AED 52 billion). Accumulated revenues amounted to approximately $4.36 billion (AED 16 billion), with projected revenues of $4.9 billion (AED 18 billion).

Mohammed Bin Ghatti, Chairman of the Board, stated that the results confirm the confidence in Dubai's real estate sector, supported by a reliable environment and the continued influx of global capital.

To this end, the company's management, led by Shahzad Janab, successfully issued $500 million (AED 1.83 billion) in comprehensive sukuk through the First Financial Instruments, contributing to the capital financing structure for the company's billionaire private investor base.

This period saw the issuance of $500 million (AED 1.83 billion) in multi-year sukuk, which was oversubscribed by more than 4.4 times, indicating the confidence of global investors in the company.

Bin Ghatti also departed during the World Economic Forum in Davos 2026 on the Mercedes-Benz Places project | The luxury Binghatti City unveiled its first residential city bearing the Mercedes-Benz brand and predicted a development of approximately $8.17 billion ($30 billion), as part of its partnership to expand in the Dubai real estate sector.