A vertically integrated UAE developer

Binghatti Holding Limited was founded in 2008. Its investor-relations materials describe an integrated model covering design, development, construction and delivery. Muhammad Binghatti is Chairman and the principal public spokesperson for the current development programme.

Binghatti's H1 2026 materials report 56 delivered projects and 15,100 delivered homes at 30 June 2026. Those company totals are kept separate from current launches and future delivery phases — see GRAF's off-plan guide for how to read a pipeline like this.

Current Dubai portfolio

The portfolio spans mainstream and premium residential projects across Dubai, including Binghatti Skyblade and Tilal Binghatti. Branded collaborations include Bugatti Residences, Mercedes-Benz Places in Downtown Dubai and Burj Binghatti Jacob & Co Residences — Bugatti Residences sold a 47,200 sq ft Sky Mansion penthouse for AED 550 million in December 2025, a Business Bay record at AED 11,650 per square foot, while the tower was still roughly half built.

Mercedes-Benz Places | Binghatti City was launched in Meydan in January 2026 as an AED 30 billion masterplan spanning more than 10 million square feet, with 12 towers planned across three delivery phases.

Sources: Binghatti — investor relations, Binghatti — current projects, and Binghatti — Mercedes-Benz Places | Binghatti City launch.

Vertically integrated residential development across Dubai

Integrated developerResidentialBranded residencesDubai

Who owns Binghatti?

Binghatti Holding Limited is privately held. Its Deloitte-audited consolidated financial statements for 2025 state that the shares are 100% owned by Dr. Hussain Ghati Ghaib Al Jbori, and the interim accounts to 30 June 2026 repeat the sentence. The same accounts describe the parent company's purpose as consolidating the businesses of the Al Jbori family. Forbes names the same person as founder and sole owner and records that his son, Muhammad BinGhatti, is chairman. The company is registered in the Dubai International Financial Centre at ICD Brookfield Place. Its shares are not listed on any exchange; its sukuk trade on Nasdaq Dubai and the London Stock Exchange.

Source: Binghatti Holding Limited — audited consolidated financial statements, year ended 31 December 2025 · Forbes — Hussain Binghatti Aljbori, profile updated 10 March 2026

Track record

Buildings that made the name

  1. 01 Bugatti Residences by Binghatti Business Bay. The first Bugatti-branded residential development in the world. A 47,200 sq ft Sky Mansion penthouse sold in December 2025 for AED 550 million, or AED 11,650 per square foot, which Gulf News recorded as a Business Bay record — construction was about 52 per cent complete at that point, with handover due Q4 2026. Under construction, due 2026
  2. 02 Mercedes-Benz Places, Downtown Dubai The car maker's first branded property project — a 65-storey tower with 150 residences. Launched in January 2025, half of it sold the day after launch, and it is scheduled for Q4 2026. Under construction, due 2026
  3. 03 Mercedes-Benz Places | Binghatti City Nad al Sheba, Meydan. AED 30 billion over more than 10 million sq ft, launched on 14 January 2026, the company's first master community. Its first three towers hold 3,940 units and are due in Q2 2028. Under construction, due 2028
  4. 04 Tilal Binghatti Al Rowaiyah First. The company's first villa community, launched in May 2026. Phase one is 1,432 units over 4,715,916 sq ft, due Q2 2029. Under construction, due 2029
  5. 05 Binghatti Ghost Al Jaddaf. 785 units over 559,524 sq ft, launched in September 2024 and completed in Q2 2026 — the largest of the three towers handed over in the first half of 2026. 2026 completed

Binghatti track record

Projects completed
56
About 15,100 units, 12.5m sq ft, gross development value USD 3.6bn, at 30 June 2026
Projects under development
33
About 30,900 units, 26.5m sq ft, gross development value USD 17.3bn
Projects in pipeline
9
About 5,000 units, 4.7m sq ft, gross development value USD 3.4bn
Units delivered in H1 2026
About 1,700
Binghatti Apex, Binghatti Ghost and Binghatti Ivory

All figures are the company's own, recorded from inception to 30 June 2026 in its H1 2026 results presentation.Completed, under development, pipeline and homes delivered in H1 2026 are four separate counts, each at its own stage — read them side by side.

What Binghatti is known for

Completed to 30 June 2026
56 projects, about 15,100 units
Under development
33 projects, about 30,900 units
FY2025 revenue
AED 12.43bn, audited by Deloitte
FY2025 profit
AED 3.57bn
Revenue backlog at 30 June 2026
AED 17.3bn
Sukuk listed
USD 1.5bn programme, Nasdaq Dubai and LSE

Financials, FY2025

Revenue
AED 12.43bn (2024: AED 6.35bn)
Gross profit
AED 5.43bn
Profit for the year
AED 3.57bn (2024: AED 1.83bn)
Total assets
AED 24.37bn (2024: AED 12.70bn)
Total equity
AED 6.78bn
Bank balances and cash
AED 8.84bn

Source: Binghatti Holding Limited — audited consolidated financial statements, year ended 31 December 2025, signed by Deloitte & Touche (M.E.) on 29 January 2026

The first half of 2026 combined strong financial performance with important strategic progress across our platform. We expanded into new development segments with the launch of Tilal Binghatti, our first villa community, and Mercedes-Benz Places | Binghatti City, our first master community development, while maintaining delivery discipline across our portfolio.
Muhammad BinGhatti Chairman, Binghatti Holding Limited Binghatti Holding Limited — H1 2026 results, 28 July 2026

Where Binghatti builds

MeydanAl Rowaiyah, DubailandDubailandApartments in Dubai

Current projects via GRAF

Binghatti Spectre — Al Jaddaf, Dubai

Binghatti Spectre

Al Jaddaf, Dubai

From AED 774,999

View project →
Skyblade — Downtown Dubai

Skyblade

Downtown Dubai

From AED 9.49M

View project →
Mercedes-Benz Places | Binghatti City — Meydan, Dubai

Mercedes-Benz Places | Binghatti City

Meydan, Dubai

From AED 1.35M

View project →
Tilal Binghatti — Dubailand, Dubai

Tilal Binghatti

Dubailand, Dubai

From AED 4.2M

View project →

How Binghatti differs from other Dubai developers

Binghatti works at volume across the mainstream, premium and branded ends of Dubai at the same time — see the ownership answer above for its named owner and how its accounts are published.

Scale across many towers at once
56 completed projects and about 15,100 units in the years to June 2026, spanning mainstream, premium and branded segments in parallel.
Build time is disclosed per project
The three towers completed in the first half of 2026 — Apex, Ghost and Ivory — took about 18 months each, with launch and completion quarters published for every project.
Car and jewellery brands rather than hotel operators
The branded line runs with Bugatti, Mercedes-Benz and Jacob & Co. In every published source Binghatti is the developer and the brand is the collaborator.
Two new formats in one half-year
The first master community launched in January 2026 and the first villa community in May 2026, after sixteen years of single towers.
Why GRAF recommends Binghatti

Binghatti suits a buyer who wants the owner and the delivery record to be readable out of filed accounts, across a wide portfolio that runs from mainstream towers in Jumeirah Village Circle and Al Jaddaf up to branded penthouses in Business Bay.

What the record shows
  1. Ownership is stated, not inferredThe audited 2025 accounts and the interim accounts to 30 June 2026 carry the same sentence naming the sole shareholder, and Forbes names the same person independently.
  2. The portfolio is itemised and kept in four separate counts56 completed, 33 under development and 9 in pipeline, each with units, area and value, and each project listed with its launch and completion quarter.
  3. The accounts are openFY2025 revenue of AED 12.43bn, profit of AED 3.57bn and total assets of AED 24.37bn can be read in the Deloitte-audited statements themselves.

GRAF editorial team

Binghatti — frequently asked questions

Who owns Binghatti?

Binghatti Holding Limited is privately held. Its Deloitte-audited consolidated financial statements for 2025 state that the shares are 100% owned by Dr. Hussain Ghati Ghaib Al Jbori, and the interim accounts to 30 June 2026 repeat the sentence. Forbes names the same person as founder and sole owner. The shares are not listed on any exchange.

Source: Binghatti Holding Limited — audited consolidated financial statements, FY2025

Who runs Binghatti?

Muhammad BinGhatti is chairman, Ahmed BinGhatti is vice chairman, Katralnada BinGhatti is chief executive officer and Shehzad Janab is chief financial officer. The chairman is the son of the founder and sole shareholder. Chairman and shareholder are separate roles at this company and are held by different people.

Source: Nasdaq Dubai — Binghatti debut Green Sukuk listing, 6 November 2025

How many projects has Binghatti completed?

56 projects with about 15,100 units and 12.5 million square feet, counted from inception to 30 June 2026. A further 33 projects with about 30,900 units were under development at the same date, and 9 more were in pipeline — the company reports each stage as its own count.

Source: Binghatti Holding Limited — results presentation, H1 2026

Is Binghatti listed on a stock exchange?

The shares are not. The sukuk are. Binghatti issues under a USD 1.5 billion Trust Certificate Issuance Programme, and four issues are listed on Nasdaq Dubai and the London Stock Exchange, the latest being USD 500 million at 8.375% maturing in August 2031. The debut Green Sukuk of October 2025 was oversubscribed 4.3 times.

Source: Nasdaq Dubai — Binghatti debut Green Sukuk listing, 6 November 2025

Do Bugatti, Mercedes-Benz or Jacob & Co build these towers?

No. Binghatti is the developer of Bugatti Residences in Business Bay, of Mercedes-Benz Places in Downtown Dubai and Binghatti City, and of Burj Binghatti Jacob & Co Residences. In every published source the car and jewellery houses are named as brand collaborators on those developments and not as developer, seller or guarantor.

Source: The National — New $8.2bn Mercedes-Benz branded project launched by Dubai developer Binghatti, 16 December 2025

Does Binghatti publish financial results?

Yes. Binghatti Holding Limited publishes Deloitte-audited annual accounts and reviewed half-year accounts on its investor-relations page, together with its Moody's and Fitch rating reports. For 2025 it reported revenue of AED 12.43 billion, profit of AED 3.57 billion and total assets of AED 24.37 billion.

Source: Binghatti — investor relations

Where does Binghatti build?

Across Dubai. Recent and current work sits in Business Bay, Downtown Dubai, Nad al Sheba and Meydan, Al Jaddaf, Jumeirah Village Circle and Triangle, Dubai Science Park, Production City, Sports City, Arjan, Wadi Al Safa 3 and Al Rowaiyah First in Dubailand.

Source: Binghatti — current projects

New from Binghatti

Early announcement

Binghatti Starfall

Al Jaddaf, Dubai, Dubai · Apartments

Official project page verified; broker-advertised 22 September date remains provisional.

View project

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Official sources
Official websiteBinghatti — official siteBinghatti — investor relationsBinghatti — LinkedInBinghatti — InstagramBinghatti Holding Limited — audited consolidated financial statements, FY2025Nasdaq Dubai — Binghatti debut Green Sukuk listing
About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us

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