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.

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.

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

Company and project facts: Binghatti investor relations, current projects and 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. 2025 completed
  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. 2025 completed
  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. 2026 completed
  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. 2026 completed
  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: delivered and under construction

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

Delivered Under construction

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 newly acquired land are four separate counts and are not added together.

Project Area Type Status Date
Binghatti Apex Jumeirah Village Circle Single tower, 552 units, 389,455 sq ft Completed Q2 2026
Binghatti Ghost Al Jaddaf Single tower, 785 units, 559,524 sq ft Completed Q2 2026
Binghatti Ivory Al Jaddaf Single tower, 332 units, 279,162 sq ft Completed Q2 2026
Binghatti Hills Dubai Science Park Single tower, 1,701 units Under construction Due Q3 2026
Binghatti Elite Production City Single tower, 1,745 units Under construction Due Q3 2026
Mercedes-Benz Places Downtown Dubai 65-storey tower, 150 residences Under construction Due Q4 2026
Binghatti Luxuria Jumeirah Village Circle Single tower, 469 units Under construction Due Q3 2027
Binghatti Etherea Jumeirah Village Triangle Single tower, 287 units Under construction Due Q4 2027
Binghatti Skyflame Wadi Al Safa 3 Two multi-tower phases, 2,208 units Under construction Due Q1 2028
Mercedes-Benz Places | Binghatti City Nad al Sheba First three towers, 3,940 units Under construction Due Q2 2028
Tilal Binghatti — Phase 1 Al Rowaiyah First Villas and townhouses, 1,432 units, 4,715,916 sq ft Under construction Due Q2 2029

Source: Binghatti Holding Limited — results presentation, H1 2026 · checked 20 August 2026

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

Skyblade — Downtown Dubai

Skyblade

Downtown Dubai

From current price list

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

Mercedes-Benz Places | Binghatti City

Meydan, Dubai

From current price list

View project →
Tilal Binghatti — Dubailand, Dubai

Tilal Binghatti

Dubailand, Dubai

From current price list

View project →

How Binghatti differs from other Dubai developers

Binghatti is a family-owned company that files like a listed one. Its owner is named in Deloitte-audited accounts, it publishes those accounts twice a year because its sukuk are listed, and it works at volume across the mainstream, premium and branded ends of Dubai at the same time.

The owner is named in an audited document
The consolidated financial statements state that the shares are 100% owned by Dr. Hussain Ghati Ghaib Al Jbori. Most privately held Dubai developers publish no ownership statement.
Audited accounts twice a year although the equity is private
Deloitte & Touche (M.E.) signed the 2025 statements on 29 January 2026, and interim statements to 30 June 2026 followed in July. Both are published in full.
Volume rather than a handful of trophies
56 completed projects and about 15,100 units in the years to June 2026, against luxury developers whose delivered counts run in single figures.
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, 9 in pipeline and 6 newly acquired, 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.
What to check before signing
  1. Which entity signs the SPAThe group runs more than twenty subsidiaries and two separate sukuk vehicles. Confirm the company named on the contract, not the brand on the hoarding.
  2. The completion quarter in the current results presentationEvery project carries a launch and completion quarter in the half-year deck. Read the latest one and compare it with the date in the brochure.
  3. The current credit ratingBinghatti publishes its Moody's and Fitch reports on its investor-relations page. Moody's affirmed the Ba3 rating in April 2026 and placed the ratings on review for downgrade on 11 August 2026.

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 the counts separately and does not add them together.

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

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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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