Binghatti Holding, the UAE-based real estate developer, reported a 145% year-on-year increase in profits, reaching AED 2.66 billion for the nine months ending September 30, 2025.
According to a statement issued by Binghatti, the company recorded revenues of AED 8.96 billion in the first nine months of this year — nearly tripling compared to AED 3.77 billion during the same period last year. This growth was driven by strong sales momentum and accelerated project deliveries.
The statement also noted that gross profit rose by 143% to AED 3.95 billion, supported by several key factors including a mix of development projects and higher average selling prices. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew 139% to AED 3.28 billion.
The company added: “The increase in profits was supported by early project deliveries, sales from 11 newly launched projects, and high demand for Binghatti’s core developments.”
In Q3 2025 alone, revenues reached AED 2.64 billion, up 67% year-on-year, while net profit surged 101% to AED 839 million compared to AED 417 million in Q3 2024.
Binghatti sold approximately 12,000 residential units during the first nine months of the year.
The company also launched 11 new projects in the same period with a total development value of around AED 11 billion, comprising over 7,000 residential units across a saleable area exceeding 6 million square feet.
Cumulative Revenues
Total cumulative revenues amounted to about AED 14 billion as of September 30, 2025, supported by ongoing presales and strong demand from both local and international buyers.
As of September 30, 2025, Binghatti had 27 projects under development, compared to 21 at the end of 2024 — a 29% increase since the beginning of the year. These projects include more than 20,000 residential units with a saleable area of 17 million square feet and a total development value of AED 44 billion.
