Binghatti Holding has emerged as Dubai’s top residential property seller by volume in 2025, with nearly 12,000 units sold across the emirate so far this year.
The figures position the company as the leading developer in the sub-Dhs2 million market segment, according to data from real estate portal DXB Interact.
Binghatti new launches
The developer launched 13 new projects this year, with a total gross development value (GDV) of around Dhs12.28 billion. These projects collectively include over 8,200 residential units across more than 6.2 million square feet of sellable space.
According to Property Monitor, Binghatti also completed seven projects year-to-date, representing over 20% of all new project completions in Dubai so far this year.
Strong sales at Flare towers
On July 25, Binghatti launched two towers—Flare 01 and Flare 02—at Jumeirah Village Triangle. About 95% of the units were sold within the first 90 days, following simultaneous launch events in Dubai and Egypt.
Flare 01 includes 844 units and a GDV of Dhs1.24 billion.
Flare 02 features 613 units with a GDV of Dhs915 million.
Muhammad BinGhatti, Chairman of Binghatti Holding, said: “Binghatti’s position as the market leader for sales volume transactions year to date reflects the success and trust within our vertically integrated business model, which has allowed us to become one of the most agile market players and deliver projects within record timelines. The market’s enthusiastic response to our flagship projects including Binghatti Flare 01 and Flare 02 highlights both our financial stability and our ability to deliver consistent value across a broad array of segments.”
He added: “As demand accelerates in the Dhs 1 million to Dhs 3 million property range, where most of our developments are concentrated, we are strategically positioned to capture sustained growth and deliver long-term returns to our stakeholders.”
Expansion and future plans
Binghatti’s current development portfolio is valued at Dhs80 billion and includes 38,000 units under development across more than 38 projects. Locations include Downtown Dubai, Business Bay, Jumeirah Village Circle, and Meydan. The company is also building branded residences in partnership with Bugatti, Mercedes-Benz, and Jacob & Co.
The company recently acquired an 8.2 million sq. ft. plot in Nad Al Sheba 1, where it plans to build its first master-planned community. The project is expected to have a development value of over Dhs25 billion.
In the first half of 2025, Binghatti recorded a net profit of Dhs1.82 billion — more than triple the previous year. Sales reached Dhs8.8 billion, with revenue rising 189% year-on-year to Dhs6.3 billion.
tanvir@dubainewsweek.com
