Binghatti Launches 13 New Projects in Dubai for $3.3 Billion

Since the beginning of the year, the company has launched 13 new projects with a total value of approximately 12.28 billion dirhams (about $3.3 billion), including more than 8,200 residential units. 7 projects have already been completed, accounting for more than 20% of all new completions in Dubai for 2025.

High Demand:

Investors showed the greatest interest in Flare 01 and Flare 02 towers in Jumeirah Village Triangle. 95% of the apartments were sold in the first 90 days after launch.

Financial Performance:

• Net profit for H1 2025: 1.82 billion dirhams (3x increase compared to last year);
• Total revenue: 6.3 billion dirhams (+189% increase);
• Total sales: 8.8 billion dirhams.

The total Binghatti portfolio is estimated at 80 billion dirhams and includes approximately 38,000 properties in locations like Downtown, Business Bay, and Meydan. Exclusive collaborations include brands such as Bugatti, Mercedes-Benz, and Jacob & Co.

Additionally, the developer acquired a plot in Nad Al Sheba 1 to create its first master-planned residential community worth more than 25 billion dirhams.