Binghatti's nine-month profit climbs 65%, passing its full-year 2025 earnings
Dubai developer Binghatti Holding reported net profit of Dh4.4 billion for the nine months to September 30, already above its 2025 full-year profit.
Net profit rose 65% year on year, while revenue climbed 66% to Dh14.9 billion as construction advanced across the portfolio. Sales grew 11% to Dh14.2 billion, and total equity increased to Dh11.2 billion from Dh6.8 billion at the end of 2025.
The company said it completed five projects on schedule this year, namely Apex, Ghost, Ivory, Haven and Grove, handing over about 2,600 units. Another eight projects are expected to finish by year-end. Binghatti launched 12 projects in the period, including its first villa community and its first master community.
Corporate cash stood at Dh2.7 billion and total assets rose 46% to Dh35.5 billion. The group will repay a $500 million sukuk issued in February in full at maturity in February 2027 from internal cash. Chairman Muhammad BinGhatti credited the in-house model, which covers design, contracting and delivery, for the results. CEO Katralnada BinGhatti said contracted revenue of Dh16.4 billion is yet to be recognised and the development backlog stands at Dh33 billion.