“Our record profitability and revenue performance are a direct outcome of Dubai’s strong market fundamentals and the efficiency of our vertically integrated business model, which enables us to move quickly from design to delivery while maintaining quality and cost control. Throughout the year, we sustained strong sales momentum, accelerated project handovers, and continued to expand our development footprint across key locations and segments,” said Katralnada BinGhatti, CEO and managing director of Binghatti 2025.

Dubai’s real estate market continues to outperform global peers, supported by sustained population growth, rising homeownership and steady inflows of international capital. Long-term initiatives such as the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan continue to strengthen the city’s economic base and reinforce housing demand.

According to Property Monitor, Binghatti claimed the top spot in the off-plan market in December, with the bulk of developers’ off-plan registrations claiming a commanding market share of 24.7 per cent. They recorded 2,965 transactions spread across a myriad of their projects, most notably Binghatti Vintage in Majan, where 883 sales were recorded.

This was followed by Binghatti Titania (447) in Majan, Binghatti Amberhall (240) in Jumeirah Village Circle, Binghatti Flare (162) in Jumeirah Village Triangle, and Binghatti Aquarise (140) in Business Bay.

Shehzad Janab, CFO of Binghatti, said profitability remained strong, with a 44 per cent gross margin, 35 per cent EBITDA margin and 29 per cent net margin.

“This performance highlights the strength of our vertically integrated model, our focus on cost efficiency and the results of a strategically balanced project portfolio. Balance sheet strength also continued to improve meaningfully over the year. Total assets rose 92 per cent year-on-year to Dh24.37 billion, while cash balances increased to Dh8.84 billion, providing a strong liquidity buffer and significant financial flexibility. This leaves us with ample liquidity to continue to execute our market-beating growth strategy whilst maintaining strong financial discipline,” he said.

Binghatti closed the year with a series of landmark achievements, including the launch of Mercedes-Benz Places Binghatti City, the world’s first Mercedes-Benz-branded city.

The developer also set a new benchmark for ultra-luxury residential demand with the sale of the Middle East’s most expensive penthouse, valued at around $150 million (Dh550.5 million).