Binghatti Delivers 10th Straight Record Quarterly Results
| (in AED million) | Q1 2026 | Q1 2025 | % Change, YoY |
| Sales | 5,876 | 4,187 | 40% |
| Revenue | 4,388 | 2,893 | 52% |
| Gross Profit | 1,906 | 1,186 | 61% |
| EBITDA | 1,827 | 999 | 83% |
| Net Profit | 1,433 | 826 | 73% |
Development Backlog | Sales Backlog | Revenue Backlog |
ca. AED52bn | ca. AED16bn | ca. AED18bn |
“Q1 2026 marked the 10th consecutive record quarter for Binghatti, underpinned by strong sales execution, disciplined delivery, and resilient demand across our diversified portfolio.
Against a complex global and regional backdrop, Dubai’s real estate fundamentals remain compelling, supported not only by a robust and transparent regulatory framework, but also by valuations that continue to sit on a solid and sustainable footing. These fundamentals reinforce market confidence and long-term capital formation. Our vertically integrated development model allows us to convert these structural strengths into scalable growth, margin durability, and consistent cash generation.”
“Q1 2026 record breaking results reinforce the resilience and scalability of Binghatti’s business model, underpinned by strong cash generation, disciplined liquidity management, and continued earnings momentum.
The successful issuance of our benchmark USD 500 million Sukuk further strengthened our capital structure and extended our yield curve, enhancing transparency and price discovery for regional and international fixed income investors.
Supported by our vertically integrated operating platform, high sales visibility, and substantial contracted backlog, we remain well-positioned to deliver sustainable growth while maintaining prudent leverage and financial flexibility.”
Dubai, UAE, 07 May 2026 – Binghatti Holding Ltd, a leading UAE real estate developer, announced record financial results for the quarter ended 31 March 2026, underlining strong sales execution, disciplined delivery, and continued strengthening of the Group’s balance sheet.
Financial and Operational Performance
Net profit increased 73% year on-year to AED 1.43 billion, supported by operating leverage, margin discipline, and more project launches. Revenue rose 52% year-on-year to AED 4.39 billion, driven by robust off-plan sales and diversified product segmentation.
Gross profit margin improved to 43% and net profit margin increased to 33%, reflecting Binghatti’s ability to expand profitability during a period of heightened market stress, even as competition intensified and new supply continued to enter the market.
Total assets reached AED 32.9 billion, up 35% from year-end 2025, while cash balances increased to AED 9.9 billion, providing strong balance sheet flexibility.
During the quarter, the Group reported sales of AED 5.88 billion, with over 4,000 units sold, and launched five new projects comprising 4,696 units, reinforcing the depth and scalability of its development pipeline. The Group sold approximately 2,400 units, leading its peers in the sub-AED 2 million ticket segment and achieved nearly three times the sales volume of its closest competitor.
As at 31 March 2026, Binghatti’s development backlog stood at approximately AED 52 billion, with sales backlog of AED 16 billion and revenue backlog of AED 18 billion, providing strong visibility over medium term earnings.
Market Outlook
The UAE was built to operate through uncertainty, and this defining principle continues to shape Dubai’s economic and real estate resilience. In an environment marked by global volatility and shifting macro conditions, the outlook for the UAE and Dubai real estate markets remains constructive, supported by durable fundamentals, proactive policymaking, and sustained investor demand.
Dubai’s real estate market continues to benefit from deeply embedded structural strengths, reinforced by coordinated government policy and long-term strategic planning. Pro-investment regulations, sustained infrastructure investment, disciplined fiscal management, and clearly articulated economic and urban development strategies have strengthened confidence among regional and international investors. Dubai’s transparent and well-regulated market framework continues to differentiate the emirate globally and has historically enabled swift, effective responses to external shocks.
Consistent with past cycles, periods of volatility have often been followed by renewed momentum, supported by safe-haven capital flows, responsive governance, and Dubai’s role as a global hub for capital, talent, and entrepreneurship. This ability to adapt and re-accelerate remains a defining characteristic of the market.
Against this backdrop, Binghatti is well positioned to navigate evolving conditions. The Group’s diversified product offering, strong balance sheet, substantial backlog, and disciplined approach to land acquisition and project phasing provide resilience across cycles, while continued focus on execution and customer outcomes supports sustainable long-term growth.
Strategic Milestones and Global Positioning
Binghatti further strengthened its capital-markets profile during the quarter, successfully issuing a USD 500 million benchmark Sukuk with a 5 year and 6-month maturity, the longest-tenor Sukuk ever issued by a UAE private-sector real estate developer. The transaction was over 4.4x oversubscribed, highlighting strong international investor appetite amid heightened global uncertainty.
Binghatti continues to earn prestigious recognition for its capital-markets activity, most recently receiving major accolades from Global Banking & Markets (GBM) and Global Capital Markets. The USD 500 million 2030 Sukuk was named Real Estate Finance Deal of the Year by GBM and awarded CEEMEA Corporate Deal of the Year by Global Capital Markets. In both instances, the award-winning Sukuk issuance was advised by Binghatti Capital as lead advisor.
The quarter also marked a significant step in Binghatti’s global brand positioning. In January 2026, the company hosted its first-ever dedicated pavilion on the sidelines of the World Economic Forum Annual Meeting in Davos, engaging global policymakers, investors, and business leaders on urban development, branded real estate, and long-term investment themes. During the forum, Binghatti unveiled Mercedes-Benz Places | Binghatti City to a global audience, presenting the world’s first Mercedes-Benz branded city and the Group’s inaugural fully master-planned community.
The ca. AED 30 billion Mercedes-Benz Places | Binghatti City development represents a strategic evolution from tower-led projects to integrated urban ecosystems, aligning Binghatti with global peers pursuing large-scale, mixed-use, branded communities. The unveiling at Davos reinforced both Dubai’s positioning as a global investment destination and Binghatti’s ambition to export locally conceived developments to an international stage.
These milestones build on the Group’s 2025 achievements, including record Sukuk oversubscription levels and the launch of its first single- and multi-asset real estate investment funds through Binghatti Capital, its DIFC-based investment management platform.
About Binghatti Holding Limited
Binghatti Holding Limited is a vertically integrated real estate developer founded in 2008 with roots as a contractor before transitioning into full-scale development. Leveraging in-house design, development, construction and delivery capabilities, the Group stands out as one of Dubai’s most avant-garde private developers, operating across the full market spectrum from affordable housing to ultra luxury branded residences.
With a total portfolio exceeding 100 projects valued at more than AED100bn, Binghatti has delivered more than 50 projects to date and maintains a robust pipeline of approximately 30 million square footage of sellable area.
Binghatti delivers across the housing ladder from affordable and mid-market homes to premium and ultra luxury branded residences differentiating itself through design led products, branded collaborations and a consistent focus on customer outcomes. The developer’s contractor heritage underpins its operational agility and ability to scale across segments.
Sustainability is embedded across Binghatti’s developments through energy efficient technologies, responsible materials selection and long-term value creation strategies that enhance returns for stakeholders and livability for residents.
Founded on contractor roots and built around a vertically integrated model, Binghatti Holding continues to expand its real estate portfolio to meet growing market demand, delivering quality projects across every market tier while prioritizing design, delivery excellence and sustainable outcomes.
Further Information for Media and Investors
For further information on Binghatti, please visit: www.binghatti.com/en/investors-relations
For media enquiries, please contact: [email protected]
