Dubai developer Binghatti Holding reported a 65% rise in net profit to Dh4.4 billion for the nine months to September 30. The result already exceeds its full-year 2025 profit of Dh3.6 billion, the company announced on November 12.
Revenue climbed 66% to Dh14.9 billion as construction advanced across the portfolio. Third-quarter revenue more than doubled. Sales grew 11% to Dh14.2 billion, with Q3 sales up 7% to Dh4.6 billion. Total equity rose to Dh11.2 billion from Dh6.8 billion at the end of 2025. Gross profit increased 62% to Dh6.4 billion, while EBITDA gained 74% to Dh5.7 billion.
Projects and pipeline
Binghatti confirmed that it had completed five projects on schedule this year: Apex, Ghost, Ivory, Haven and Grove. Together they handed over about 2,600 units. The company also confirmed that another 8 projects are on track for completion by year-end.
The developer launched 12 projects in the period. It also debuted its first villa community, Tilal Binghatti, and its first master community, Mercedes-Benz Places | Binghatti City. Sellable square footage jumped from 2.4 million to 14.6 million between December 2025 and September 2026.
Chairman Muhammad BinGhatti ties the results to the group’s in-house model. “We build what we sell,” he says.
