Binghatti Holding has reported a strong financial performance for the first quarter of 2026, posting a net profit of AED 1.43 billion, up 73% year-on-year. The Dubai-based real estate developer also recorded strong revenue, sales and project launches during the quarter, highlighting continued demand for property in Dubai.
The results cover the quarter ended March 31, 2026, and mark Binghatti’s 10th consecutive record quarter. The company said its performance was supported by strong sales execution, disciplined operations and demand across its property portfolio.
Binghatti Q1 2026 Profit: Key Facts
Here are the main numbers from Binghatti’s Q1 2026 results:
- Net profit: AED 1.43 billion, up 73% year-on-year
- Revenue: AED 4.39 billion, up 52%
- EBITDA: AED 1.83 billion, up 83%
- Sales: AED 5.88 billion, up 40%
- Units sold: More than 4,000
- New projects launched: 5
- Value of new projects: AED 8.58 billion
- New units launched: 4,696
- Development backlog: About AED 52 billion
- Sales backlog: AED 16 billion
- Revenue backlog: AED 18 billion
- Cash position: AED 9.9 billion
- Total assets: AED 32.87 billion
These figures show that Binghatti continued to grow both its profitability and development pipeline during the first quarter of 2026.
Why Did Binghatti’s Profit Increase?
Binghatti’s net profit reached AED 1.43 billion, compared with AED 826 million in Q1 2025. This represents a 73% increase in one year.
One important factor was the company’s strong sales performance. Binghatti generated AED 5.88 billion in sales and sold more than 4,000 residential units during the quarter.
Revenue also increased by 52% to AED 4.39 billion. At the same time, EBITDA rose 83% to AED 1.83 billion, showing that the company was able to improve its operating performance while expanding its business.
Binghatti’s net profit margin increased to 33%, compared with 29% in Q1 2025. Its gross profit margin also improved from 41% to 43%.
Binghatti Launches Five New Projects
Another major highlight of Q1 2026 was Binghatti’s project expansion.
The developer launched five new projects worth AED 8.58 billion, comprising 4,696 units. This was higher than Q1 2025, when it launched four projects worth AED 3.02 billion with 2,477 units.
The new launches add to Binghatti’s growing development pipeline and provide more properties across different segments of Dubai’s real estate market.
The company’s development backlog stood at approximately AED 52 billion at the end of March 2026. Its sales backlog was about AED 16 billion, while its revenue backlog reached AED 18 billion.
Binghatti’s Cash and Assets Grow
Binghatti also reported a stronger balance sheet.
Total assets reached AED 32.87 billion, an increase of 35% from December 31, 2025. The company’s cash position increased to approximately AED 9.9 billion, up 12% from the end of 2025.
A strong cash position can give a property developer greater flexibility to fund projects, manage construction requirements and respond to new investment opportunities.
Binghatti said its financial performance reflected strong cash generation and disciplined liquidity management.
$500 Million Sukuk Supports Financial Position
During the quarter, Binghatti also completed a major capital-markets transaction.
The company issued a USD 500 million Sukuk with a 5.5-year maturity. According to Binghatti, the transaction was more than 4.4 times oversubscribed, indicating strong investor demand.
The company described the issuance as the longest-tenor Sukuk issued by a UAE private-sector real estate developer. The transaction was aimed at strengthening Binghatti’s capital structure and expanding its international investor base.
Binghatti and Dubai’s Real Estate Market
Binghatti’s results come as Dubai continues to attract international property buyers and investors.
The company said Dubai’s real estate fundamentals remain supported by factors including infrastructure investment, government policies, investor demand and the city’s position as a global business and investment hub.
Binghatti’s business model covers different property segments, from affordable and mid-market housing to premium and ultra-luxury branded residences.
The company has also expanded its global brand presence through collaborations with international names and large-scale developments.
Mercedes-Benz Places | Binghatti City
One of Binghatti’s major strategic developments in 2026 is Mercedes-Benz Places | Binghatti City.
The company unveiled the project during the World Economic Forum Annual Meeting in Davos. The development has an estimated value of approximately AED 30 billion and represents Binghatti’s move toward large-scale, master-planned communities rather than only individual towers.
The project is part of Binghatti’s broader strategy to build large, branded and integrated real estate developments in Dubai.
What Does Binghatti’s Q1 2026 Result Mean?
Binghatti’s Q1 results show that the company entered 2026 with strong financial momentum.
The combination of AED 1.43 billion in net profit, AED 4.39 billion in revenue, AED 5.88 billion in sales and an AED 52 billion development backlog gives the developer significant visibility for future activity.
The company also continues to launch new projects while maintaining a large cash position and access to international debt markets.
For Dubai’s property sector, Binghatti’s performance is another sign of strong activity in the off-plan residential market.
About Binghatti Holding
Binghatti Holding is a UAE-based real estate developer founded in 2008. The company has grown from its contractor roots into a vertically integrated development business covering design, development, construction and delivery.
According to the company’s latest information, its portfolio includes more than 100 projects valued at over AED 100 billion, with more than 50 projects delivered and a pipeline of approximately 30 million square feet of sellable area.
Final Takeaway
Binghatti reported AED 1.43 billion in net profit for Q1 2026, representing 73% growth compared with the same quarter last year. Revenue rose 52% to AED 4.39 billion, while EBITDA increased 83% to AED 1.83 billion.
The company sold more than 4,000 units, launched five new projects worth AED 8.58 billion and ended the quarter with an approximately AED 52 billion development backlog.
With strong cash reserves, improving margins, new project launches and international capital-market activity, Binghatti is continuing to expand its position in Dubai’s competitive real estate market.
