Binghatti profit continued to strengthen during the first half of 2026 as the Dubai developer reported higher earnings, stronger revenue, and solid demand across the residential property market. The company also expanded its project portfolio while completing thousands of home deliveries. These results reflected steady buyer confidence and continued momentum across Dubai’s real estate sector.
The company announced that net profit reached Dh3 billion during the six months ending June 30. That marked a 64 percent increase compared to the same period last year. At the same time, total revenue climbed 50 percent to Dh9.5 billion as project activity accelerated across several developments.
Strong financial growth also appeared across other key performance indicators. Gross profit increased 66 percent to Dh4.3 billion. Meanwhile, earnings before interest, taxes, depreciation, and amortization reached Dh3.8 billion after rising 75 percent from the previous year.
During the first half of the year, the developer launched eight new projects across Dubai. In addition, it delivered approximately 1,700 residential units to customers. These deliveries supported revenue growth while strengthening the company’s position in the competitive housing market.
Several major developments contributed to the company’s expansion plans. They included Mercedes-Benz Places | Binghatti City, which marked the company’s first master-planned community. The developer also introduced Tilal Binghatti, its first villa-focused residential project.
The company’s future pipeline remained strong throughout the reporting period. Its total development backlog reached Dh44.2 billion by the end of June. Furthermore, its revenue backlog stood at Dh17.3 billion. These figures provide visibility for future project completions and expected earnings.
Binghatti also maintained a healthy financial position. Available liquidity totaled nearly Dh10 billion at the end of the first half. This financial strength gives the company flexibility to support future developments and ongoing operations.
Company Chairman Muhammad Binghatti said the business achieved solid financial performance while continuing its long-term expansion strategy. He added that the company successfully entered new development segments without slowing project delivery across its portfolio.
Another milestone came through the successful completion of a $500 million sukuk that matures in 2031. Investor demand remained very strong throughout the offering. The sukuk attracted subscriptions worth more than four times the amount offered, demonstrating confidence from regional and international investors.
In addition, the company’s corporate credit rating remained unchanged after receiving another affirmation from Moody’s. That result reflected confidence in the company’s financial stability and long-term business outlook.
Chief Financial Officer Shehzad Janab said the first-half performance highlighted the strength of the company’s operating model despite regional economic challenges. He explained that stronger profit margins and a substantial revenue backlog continue to support future earnings expectations.
Binghatti profit also reflects broader trends across Dubai’s residential property market. The city continues attracting new residents through population growth, economic diversification, and long-term residency programs. As a result, more buyers now purchase homes for personal use or long-term investment instead of short-term speculation.
Looking ahead, the developer expects these market conditions to continue supporting housing demand. With an expanding project pipeline, strong financial resources, and consistent customer interest, Binghatti profit remains well positioned to benefit from Dubai’s growing real estate sector during the remainder of 2026.
