Dubai-based real estate developer Binghatti has announced a remarkable financial performance for the first quarter of 2026, recording a 73% increase in net profit to Dh1.43 billion. The strong results highlight the continued momentum in Dubai’s property market and growing investor confidence in premium residential developments.

The company’s revenue climbed 52% year-on-year to Dh4.39 billion during the January–March 2026 period. Binghatti also achieved sales worth Dh5.88 billion by selling more than 4,000 residential units across its expanding portfolio of projects in Dubai.

During the quarter, the developer launched five new projects valued at Dh8.58 billion, adding nearly 4,700 units to its pipeline. The company’s total development backlog has now reached approximately Dh52 billion, giving it strong growth visibility for the coming years.

Chairman Muhammad BinGhatti credited the company’s performance to its vertically integrated business model and Dubai’s strong investment environment. He emphasized that the emirate continues to attract international investors through proactive governance, infrastructure growth, and long-term economic planning.

Binghatti also strengthened its financial position during the quarter, with total assets rising to Dh32.87 billion and cash reserves increasing to Dh9.9 billion. In addition, the company successfully issued a $500 million Sukuk with a 5.5-year maturity, marking the longest-tenor Sukuk issued by a UAE private-sector real estate developer.

The latest results mark Binghatti’s 10th consecutive quarter of growth, reinforcing its position as one of Dubai’s fastest-growing property developers amid sustained demand for luxury and branded residences.