Binghatti Holding has kicked off 2026 with exceptional momentum, reporting a net profit of $389.3 million (AED 1.43 billion) for the first quarter, driven by a 52% year-on-year revenue surge to AED 4.39 billion. This performance follows a landmark 2025 where Binghatti established itself as Dubai's top-selling off-plan developer by units sold, moving over 17,000 properties. With AED 5.88 billion in sales recorded in Q1 alone and a massive development backlog valued at approximately AED 52 billion , the company is leveraging its vertically integrated model to maintain a dominant market position. Furthermore, Binghatti's capital structure has been significantly bolstered by high-demand sukuk issuances, providing the developer with nearly AED 10 billion in cash to fuel its ambitious pipeline of over 100 ongoing projects. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/