Dubai-based real estate developer Binghatti has reported an impressive 65% increase in net profit, reflecting the continued strength of Dubai’s property market and growing demand from local and international investors.

The company’s strong financial performance highlights the increasing appeal of Dubai as a global real estate investment destination, supported by population growth, economic expansion and rising demand for residential properties.

Strong Financial Performance

Binghatti recorded significant growth across its key financial indicators, demonstrating its ability to capitalise on favourable market conditions.

• Net Profit: Increased by 65% year-on-year to Dh4.4 billion during the first nine months of 2026.
• Revenue: Rose by 66% to Dh14.9 billion.
• Property Sales: Reached Dh14.2 billion, recording an 11% increase.
• Project Completions: The company completed five residential projects during the reporting period.
• Unit Handovers: Approximately 2,600 residential units were delivered to buyers.

Expansion and New Project Developments

Binghatti continues to strengthen its position in Dubai’s competitive real estate market through an expanding portfolio of residential developments.

The developer has eight additional projects comprising approximately 6,400 residential units scheduled for completion before the end of 2026. These developments reflect the company’s commitment to meeting growing housing demand and expanding its presence across Dubai’s key residential locations.

Strong Future Revenue Pipeline

The company’s future growth prospects remain encouraging, supported by a substantial pipeline of contracted sales and ongoing developments.

Binghatti has reported Dh16.4 billion in contracted revenue yet to be recognised, alongside a development backlog valued at approximately Dh33 billion. These figures provide a strong foundation for future business performance and reflect continued demand for its residential projects.

Dubai Real Estate Market Continues to Attract Investors

Dubai’s real estate sector continues to benefit from strong investor confidence, population growth, business-friendly policies and ongoing infrastructure development.

The emirate’s growing international reputation, attractive investment environment and expanding residential communities have contributed to sustained demand for properties across different market segments.

Outlook

Binghatti’s 65% profit growth demonstrates the strength of its business strategy and the resilience of Dubai’s property sector. With multiple projects in its development pipeline, strong contracted revenue and continued demand from investors and homebuyers, the company is positioned to maintain its growth momentum.

The latest results further reinforce Dubai’s status as a leading global destination for real estate investment and residential development.