Prime Highlights
Dubai real estate developer Binghatti reported a record first-half year H1 2025 net profit of AED 495 million, 172% higher compared to the same period last year, driven by robust sales and delivery traction.
Revenue launches and backlog were improved, positioning the group for continued growth in the Dubai luxury real estate market.
Key Fact
Net profit rose from AED 182 million in H1 2024 to AED 495 million in H1 2025.
Revenue backlog doubled over more than twice, showing the visibility of future bookings and revenues.
Background Highlight
Binghatti, a Dubai property developer, recorded an excellent first half of 2025 with a net profit of AED 495 million, 172% more than the corresponding period last year. It is the best best-half-year performance ever by the company. This came after robust profit growth backed by the success of handovers and targeted sales drives.
The group had an excellent H1 sales momentum, with the support of a number of luxury projects and branded residence demand. Growth of revenue backlog—driven by pre-sales from existing developments—is another key indicator of good future revenues. Visibility of growth and cash strength are supported by this growth in backlog.
Binghatti has been working hard to increase its pipeline of projects, opening new luxury projects riding on the luxury real estate trend in Dubai. Its strategy is to partner with high-end international brands—Mercedes-Benz, Bugatti, Jacob & Co—to develop branded homes. Those partnerships have enhanced the aspirational value of its product and drawn out high-end buyers, increasing rate premiums and margins.
Behind its growth trajectory is a growing strategic landbank across prime Dubai locations. This landbank positions Binghatti to sustain long-term growth with a continued flow of new projects. Additionally, macro trends like recovering tourism, increased foreign investor interest, and Dubai’s global city profile support elevated real estate sales, particularly in luxury and branded categories.
Supported by a strong first-half operating performance, cash flows, and top-of-the-range pipeline, Binghatti is on the verge of posting a second straight year of strong profitability. Its capital-efficient business model, underpinned by a growing portfolio of branded residences and lands, provides the company with a firm platform to grow in the future.
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