Binghatti Holding posted robust financial results for the first half of 2026, with revenue climbing 50 percent year-on-year to Dh9.5 billion during the six months ended June 30, the Dubai-based developer announced on July 27, 2026.
Gross profit rose 66 percent to Dh4.3 billion, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 75 percent to Dh3.8 billion, reflecting continued growth across the business.
The developer launched eight projects during the first half, including Mercedes-Benz Places | Binghatti City, the company’s first master-planned community, and Tilal Binghatti, its first villa development. The company delivered around 1,700 residential units during the period.
“The first half of 2026 combined strong financial performance with important strategic progress across our platform. We expanded into new development segments while maintaining delivery discipline across our portfolio,” said Muhammad Binghatti, Chairman of Binghatti Holding.
Binghatti’s development backlog reached Dh44.2 billion, while revenue backlog stood at Dh17.3 billion at the end of June, providing strong visibility for future earnings. The company also maintained liquidity of around Dh10 billion.
During the period, Binghatti completed a $500 million sukuk maturing in 2031, which was 4.3 times oversubscribed, reflecting strong demand from regional and international investors. Moody’s reaffirmed the company’s Ba3 corporate credit rating.
Chief Financial Officer Shehzad Janab said the results highlighted the resilience of Binghatti’s business model despite heightened regional volatility, with improving profit margins and the sizeable revenue backlog providing strong visibility over future earnings.
The performance comes as Dubai’s off-plan property market continues to attract strong investor interest, with the emirate recording 87,800 real estate transactions worth Dh291.7 billion in the first half of 2026.
Looking ahead, Binghatti said Dubai’s residential market continues to benefit from population growth, long-term residency initiatives and economic diversification, with demand increasingly driven by end-users and long-term residents rather than speculative investors.
The developer’s results align with broader market trends showing strength across all price segments in Dubai’s residential sector as the market transitions toward more sustainable, end-user-focused growth in 2026.