Dubai-based developer Binghatti Holding is pushing back against recent skepticism from credit rating agencies regarding its liquidity and upcoming debt obligations, including a $500 million sukuk maturing in 2027. Chairman Muhammad BinGhatti argues that traditional ratings provide only a limited snapshot of a business that is inherently fluid due to construction cycles and land acquisitions. He emphasized that the company’s financial health is best reflected by its Dh10.6 billion held in escrow accounts, supplemented by the successful handover of three major projects since June that were nearly fully sold and collected.

Looking ahead, the developer remains confident in its ability to meet all financial commitments, citing a robust pipeline of 10 projects nearing completion worth Dh7.5 billion. While acknowledging that geopolitical tensions briefly cooled market activity between March and May, BinGhatti noted a significant recovery from June onwards. He dismissed the idea of widespread price cuts in the Dubai property market, noting that demand remains resilient—driven primarily by local, Indian, and European investors—and that the company is well-positioned to maintain its growth trajectory without relying solely on its existing cash reserves.