Binghatti Holding Limited has reported a net profit of AED 4.4 billion for the nine months ended September 30, 2026, a 65% increase year-on-year.
The figure already exceeds the Group’s full-year 2025 net profit of AED 3.6 billion.
Revenue rose 66% to AED 14.9 billion as construction progressed across the portfolio, while sales grew 11% to AED 14.2 billion. Total equity increased to AED 11.2 billion from AED 6.8 billion at the end of 2025.
Five projects were completed on schedule during the period, including Binghatti Apex, Binghatti Ghost, Binghatti Ivory and Binghatti Haven. A further AED 16.4 billion of contracted revenue backlog is expected to be recognised over the next one to three years.
Muhammad BinGhatti, Chairman, Chief Executive Officer and Managing Director, said the sales growth showed that demand for well-located homes at the right price remains strong.
The Group has also widened its offering with the launch of its first villa community, Tilal Binghatti, and its first master community, Mercedes-Benz Places | Binghatti City. More than half of its units sit in communities that Dubai’s new metro lines will connect.
“With AED 16.4 billion of contracted revenue still to be recognized and a development backlog of AED 33 billion, we go into 2027 with clear visibility on the years ahead,”
he said.
News Source: WAM
