Binghatti's Nine-Month Profit Rises 65% to AED 4.4 Billion, More Than in All of 2025

Revenue rose 66% to AED 14.9 billion ($4.1 billion) as construction progressed across its projects. Sales, a measure of new contracts signed, grew more slowly, up 11% to AED 14.2 billion ($3.9 billion). Total equity reached AED 11.2 billion, up from AED 6.8 billion at the end of last year.

Developers that sell off-plan book revenue as construction advances, so Binghatti's numbers reflect homes sold in earlier periods more than current demand. The company said AED 16.4 billion ($4.5 billion) of contracted revenue will be recognised over the next one to three years, which gives it visibility into 2027 and beyond. It also reported a development backlog of AED 33 billion.

The company said five projects were completed on schedule during the period, including Binghatti Apex, Binghatti Ghost, Binghatti Ivory and Binghatti Haven.

"Our sales grew 11% this year to AED 14.2 billion, indicating that demand for well-located homes at the right price remains strong," said Muhammad BinGhatti, the group's chairman, chief executive and managing director.

He said the developer had widened its range this year with its first villa community, Tilal Binghatti, and its first master community, Mercedes-Benz Places | Binghatti City. He added that more than half of Binghatti's units are 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.

The figures cover the period to September 30. Binghatti did not break out third-quarter results separately in its statement.