Binghatti has handed over around 2,600 homes across five Dubai projects in 2026, while its nine-month net profit climbed 65% to Dhs 4.4 billion.
The Dubai-based developer completed five residential projects during the first nine months of 2026, handing over approximately 2,600 units to customers.
The completed developments are Binghatti Apex, Binghatti Ghost, Binghatti Ivory, Binghatti Haven and Binghatti Grove. The company said all five were delivered on schedule.
Binghatti also expects to complete eight more projects, comprising approximately 6,400 units, by the end of 2026.
The delivery progress comes as the developer reports higher sales and revenue, reflecting continued activity across its Dubai property portfolio.
Binghatti profit reaches Dhs 4.4 billion
For the nine months ended 30 September 2026, Binghatti recorded net profit of Dhs 4.4 billion, up 65% compared with the same period last year.
The figure has already exceeded the company’s full-year 2025 net profit of Dhs 3.6 billion.
Revenue increased 66% year-on-year to Dhs 14.9 billion, while sales rose 11% to Dhs 14.2 billion.
Third-quarter revenue more than doubled compared with the corresponding period last year, while sales increased 7% to Dhs 4.6 billion.
Dhs 16.4 billion in future contracted revenue
The developer reported a contracted revenue backlog of Dhs 16.4 billion, which it expects to recognise over the next one to three years.
A further Dhs 4.7 billion in trade receivables and contract assets is due from customers, with most of the amount expected to be collected when properties are handed over.
Binghatti also expanded its sellable development area from 2.4 million square feet in December 2025 to 14.6 million square feet by September 2026, supporting its future project pipeline.
New metro lines to connect major Binghatti communities
Dubai’s planned transport expansion is also a factor in the developer’s outlook.
Binghatti said 55% of its completed and under-development units are located in communities expected to be served by the Dubai Metro Blue Line and Gold Line.
These include Jumeirah Village Circle, Business Bay, Nad Al Sheba and Dubai Silicon Oasis.
The Blue Line is scheduled to open in 2029, while the Gold Line is planned for 2032.
The company also highlighted the planned expansion of Al Maktoum International Airport and the introduction of Etihad Rail passenger services as developments expected to strengthen connectivity across Dubai and the wider UAE.
Binghatti expands into villas and master communities
During 2026, the developer broadened its residential portfolio with the launch of Tilal Binghatti, its first villa community, and Mercedes-Benz Places | Binghatti City, its first master community.
Chairman Muhammad BinGhatti attributed the company’s delivery performance to its integrated development model, which brings design, contracting and construction under the same group.
“We build what we sell. Design, contracting and delivery all sit inside Binghatti, so the construction schedule is ours to manage, not a third party’s. This year we completed Binghatti Apex, Binghatti Ghost, Binghatti Ivory, Binghatti Haven and Binghatti Grove, and eight further projects are on track for completion by year-end 2026. That same control is what allowed us to pass last year’s full-year profit within nine months. What we deliver is the clearest measure of who we are, and this year has been no exception.”
Katralnada BinGhatti, Chief Executive Officer and Managing Director, said the company’s sales performance reflected demand for homes in well-connected locations and at suitable price points.
“Our sales grew 11% this year to Dhs 14.2 billion, indicating that demand for well-located homes at the right price remains strong. We have broadened what we offer, launching our first villa community, Tilal Binghatti, and our first master community, Mercedes-Benz Places | Binghatti City, and we continue to build where people want to live: more than half of our units sit in communities that Dubai’s new metro lines will connect. With Dhs 16.4 billion of contracted revenue still to be recognized and a development backlog of Dhs 33 billion, we go into 2027 with clear visibility on the years ahead.”
The developer said it plans to continue investing in land and construction to support future deliveries while maintaining its focus on financial management.
