Binghatti Holding has kicked off 2026 with an impressive performance, reporting a 73% surge in net profit to Dh1.43 billion for the first quarter. This marks the company's tenth consecutive quarter of growth, fueled by a 52% rise in revenue to Dh4.39 billion. The firm's operational efficiency also saw significant gains, with EBITDA climbing 83% to Dh1.83 billion. These results are underpinned by robust sales activity, with the developer moving over 4,000 units during the period and launching five new projects worth Dh8.58 billion.

The company's financial health remains remarkably strong, evidenced by a healthy cash position of Dh9.9 billion and a total asset value of Dh32.87 billion. Looking ahead, Binghatti maintains a solid development backlog of Dh52 billion, which provides clear visibility for its long-term growth strategy. Furthermore, the group recently signaled its strong standing in the international capital markets by issuing a $500 million Sukuk. The issuance, which saw an oversubscription of 4.4 times, stands as the longest-tenor Sukuk ever released by a private UAE real estate developer, highlighting deep investor confidence in the firm’s trajectory.