Dubai: Binghatti Holding Ltd, one of the UAE’s leading real estate developers, reported a sharp rise in profitability for 2025, with net profit surging 96 per cent year-on-year to Dh3.58 billion, driven by strong operating leverage and sustained demand in Dubai’s property market.

The company’s revenue almost doubled to Dh12.43 billion in 2025, compared with Dh6.34 billion in 2024. The growth was supported by robust sales momentum, faster project handovers, and a diversified development portfolio spanning mainstream, premium mainstream, luxury, and ultra-luxury segments.

Commenting on the performance, Katralnada BinGhatti, CEO and Managing Director of Binghatti, said the record results reflected both favourable market conditions and the company’s integrated business model.

“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,” he said.

Dubai’s real estate sector continues to outperform global peers, supported by 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 have further strengthened the city’s economic base and reinforced housing demand.

According to data from Property Monitor, Binghatti ranked first in the off-plan market in December, securing a dominant 24.7 per cent market share. The developer recorded 2,965 off-plan transactions across multiple projects, led by Binghatti Vintage in Majan, which accounted for 883 sales. Other strong-performing developments included Binghatti Titania in Majan (447 sales), Binghatti Amberhall in Jumeirah Village Circle (240), Binghatti Flare in Jumeirah Village Triangle (162), and Binghatti Aquarise in Business Bay (140).

Shehzad Janab, Chief Financial Officer of Binghatti, said the company maintained strong profitability metrics, reporting 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,” he said.

The company’s balance sheet also strengthened significantly during the year. Total assets rose 92 per cent year-on-year to Dh24.37 billion, while cash balances increased to Dh8.84 billion, providing strong liquidity and financial flexibility to support future growth while maintaining financial discipline.

Binghatti closed 2025 with several 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 in the ultra-luxury segment with the sale of the Middle East’s most expensive penthouse, valued at approximately $150 million (Dh550.5 million).