Dubai, UAE: Binghatti Holding Limited has announced record net profit of AED 3.0 billion (USD 810 million), up 64% YoY, thanks to strong project execution, strategic expansion and resilient demand across its portfolio.
The company in a statement said that its revenue increased 50% YoY to AED 9.5 billion (USD 2.6 billion) with eight projects launched and approximately 1,700 units delivered. “The first half of 2026 combined strong financial performance with important strategic progress across our platform. We expanded into new development segments with the launch of Tilal Binghatti, our first villa community, and Mercedes-Benz Places | Binghatti City, our first master community development, while maintaining delivery discipline across our portfolio. The successful completion of Binghatti Apex, Binghatti Ghost and Binghatti Ivory during the period reflects the strength of our vertically integrated model and our continued focus on timely execution,” Muhammad BinGhatti, Chairman, said.
“Our H1 results demonstrate the robustness and continued scalability of our business model despite the heightened volatility prevalent in the region, with revenue increasing to AED 9.5 billion and net profit reaching AED 3.0 billion while improving margins and a substantial revenue backlog, providing earnings visibility.
The successful issuance of our USD 500 million 2031 Sukuk, which was more than 4.3 times oversubscribed, and Moody’s affirmation of our Ba3 rating provide independent validation of our financial discipline and credit profile.” Shehzad Janab, Chief Financial Officer, added.
