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Binghatti Reports Dh2.66 Billion Profit

Binghatti Holding Ltd reported a record net profit of AED 2.66 billion for the first nine months of 2025, marking a 145 percent increase compared to the same period in 2024. Revenue nearly tripled to AED 8.96 billion, while gross profit reached AED 3.95 billion and EBITDA rose to AED 3.28 billion. The company maintained healthy profitability levels with a gross margin of 44 percent, EBITDA margin of 37 percent, and net margin of around 30 percent.

Rapid Expansion and Project Launches

Binghatti sold about 12 000 residential units during the period, ranking as Dubai’s top off-plan developer by sales volume. It also launched 11 new projects valued at over AED 11 billion, adding 7 000 units and 6 million sq ft of sellable space. As of September 2025, 27 projects were under construction, comprising 20 000 units with a gross development value of AED 44 billion. An additional 11 projects are in advanced planning stages, expected to add another 18 000 units and AED 30 billion in value.

Strong Balance Sheet

The developer’s total assets grew 73 percent year-to-date to AED 22 billion, while cash and cash equivalents more than doubled to AED 7.7 billion. Shareholders’ equity increased 84 percent to AED 5.8 billion, highlighting Binghatti’s robust financial health and steady growth momentum.

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