---
title: "Binghatti"
canonical: https://www.uaepropertyagents.com/developers/binghatti
markdown: https://www.uaepropertyagents.com/md/developers/binghatti.md
type: developer
description: "Fast-growing private Dubai developer and builder, known for high-volume apartment blocks and towers branded with Bugatti, Mercedes-Benz and Jacob & Co."
last_verified: 2026-11-12
sources: 8
publisher: "UAE Property Agents (Omnia)"
language: en-GB
usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting."
---

# Binghatti: developer profile

> Fast-growing private Dubai developer and builder, known for high-volume apartment blocks and towers branded with Bugatti, Mercedes-Benz and Jacob & Co.

Facts last verified 12 November 2026 against the sources listed at the end.

## Key facts

| Fact | Value |
| --- | --- |
| Legal name | Binghatti Holding Limited |
| Founded | 2008 |
| Headquarters | Dubai, UAE |
| Ownership | Privately held; chaired by Muhammad BinGhatti. Its US dollar sukuk are publicly traded and rated by Moody's and Fitch. |
| Website | https://www.binghatti.com |
| Market segment | mid market |
| Builds in | Dubai |
| Developments covered | 30 |
| Developments delivered | 50+ |
| Sales, H1 2026 | AED 9.6 billion |
| Homes delivered, H1 2026 | About 1,700 |
| Revenue backlog, 30 June 2026 | AED 17.3 billion |
| Moody's rating | Ba3, on review for downgrade (August 2026) |
| Projects in portfolio | More than 100 |

## Overview

Binghatti was founded in 2008 as a contractor and moved into development from there. It still designs and builds its own projects, which is why its buildings share a recognisable geometric facade. The company is private and chaired by Muhammad BinGhatti. It has raised money through US dollar sukuk (Islamic bonds), so it publishes results and is rated by Moody's and Fitch.

The business has two strands. The larger one by unit count is mid-market apartments in districts such as Jumeirah Village Circle and Business Bay, sold in volume. The second is a small number of ultra-luxury branded towers in central Dubai: Bugatti Residences, Mercedes-Benz Places and Burj Binghatti Jacob & Co Residences. In 2026 it added Mercedes-Benz Places | Binghatti City and Tilal Binghatti, its first villa community. The company says its portfolio exceeds 100 projects valued at nearly AED 100 billion, of which more than 50 have been delivered, with a pipeline of about 30 million sq ft of sellable area.

Reported numbers for the first half of 2026 were strong: sales of AED 9.6 billion, revenue of AED 9.5 billion, net profit of AED 3.0 billion, about 1,700 homes delivered and three projects completed (Binghatti Apex, Binghatti Ghost and Binghatti Ivory). It launched eight projects in the half and reported a revenue backlog of AED 17.3 billion.

The credit picture is less comfortable, and a buyer should know it. Fitch placed Binghatti's ratings on Rating Watch Negative in March 2026, citing geopolitical risk to Dubai demand. In August 2026 Moody's put its Ba3 rating on review for downgrade, pointing to unrestricted cash falling to about AED 393 million at the end of June, free cash outflow of about AED 1.5 billion in six months and a USD 500 million sukuk due in February 2027. The chairman's response was that escrow balances of more than AED 10 billion are the better measure and that ten projects worth AED 7.5 billion were due for handover within months. Escrow money is ring-fenced for each project, which protects buyers of that project but cannot simply be used to repay corporate debt. We have not found a later rating decision as of 12 November 2026.

On pricing, the chairman said in August 2026 that Binghatti had not made major price cuts but had offered more flexible payment plans and summer incentives such as waivers of the 4% Dubai Land Department transfer fee.

## Strengths

- Builds with its own construction arm and has delivered more than 50 developments, by the company's count.
- About 1,700 homes delivered and three projects completed in the first half of 2026 (Binghatti H1 2026 results).
- Reported a cancellation rate below 1% and said nearly 90% of units due for handover in 2026 were fully sold (company update, March 2026).
- Publishes financial results because of its listed sukuk, which most private Dubai developers do not.
- Product range runs from mid-market apartments to ultra-luxury branded towers, so the name covers very different price points.

## Considerations for buyers

- Moody's placed its Ba3 rating on review for downgrade in August 2026, citing weaker liquidity. Fitch has had its ratings on Rating Watch Negative since March 2026.
- A USD 500 million sukuk falls due in February 2027. Unrestricted cash was about AED 393 million at 30 June 2026, according to Moody's as reported by the press. The company says handover collections will cover the repayment.
- Its flagship branded towers (Bugatti Residences, Mercedes-Benz Places, Burj Binghatti Jacob & Co Residences) were still described as nearing completion in August 2026. Confirm the current handover date in writing.
- It launches at a rapid pace, eight projects in the first half of 2026 alone, often in districts that already have heavy apartment supply such as Jumeirah Village Circle and Business Bay.
- The company reports more than 40,000 units in its development portfolio, against about 1,700 delivered in the first half of 2026. That is a long pipeline to fund and build.
- Your protection as an off-plan buyer is the project escrow account. Check that every payment goes to the escrow account named in the sale agreement, never to another account.

## Notable completed projects

- Binghatti Apex
- Binghatti Ghost
- Binghatti Ivory

## Current developments

- [Binghatti Hillcrest](https://www.uaepropertyagents.com/dubai/arjan/binghatti-hillcrest): Binghatti; Arjan, Dubai; under construction; handover Q4 2026; from AED 819,999 (as of 2026-11-12)
- [Binghatti Hills](https://www.uaepropertyagents.com/dubai/dubai-science-park/binghatti-hills): Binghatti; Dubai Science Park, Dubai; under construction; handover Q4 2026; from AED 3,077,646 (as of 2026-11-12)
- [Binghatti Skyhall](https://www.uaepropertyagents.com/dubai/business-bay/binghatti-skyhall): Binghatti; Business Bay, Dubai; under construction; handover Q4 2026; from AED 1,304,000 (as of 2026-11-12)
- [Binghatti Skyrise](https://www.uaepropertyagents.com/dubai/business-bay/binghatti-skyrise): Binghatti; Business Bay, Dubai; under construction; handover Q4 2026; from AED 2,544,999 (as of 2026-11-12)
- [Mercedes-Benz Places | Binghatti](https://www.uaepropertyagents.com/dubai/downtown-dubai/mercedes-benz-places-binghatti): Binghatti; Downtown Dubai, Dubai; under construction; handover Q4 2026; from AED 11,499,999 (as of 2026-11-12)
- [One by Binghatti](https://www.uaepropertyagents.com/dubai/business-bay/one-by-binghatti): Binghatti; Business Bay, Dubai; under construction; handover Q4 2026; from AED 3,049,999 (as of 2026-11-12)
- [Binghatti Aquarise](https://www.uaepropertyagents.com/dubai/business-bay/binghatti-aquarise): Binghatti; Business Bay, Dubai; under construction; handover Q1 2027; from AED 2,000,000 (as of 2026-11-12)
- [Binghatti Flare](https://www.uaepropertyagents.com/dubai/jumeirah-village-triangle/binghatti-flare): Binghatti; Jumeirah Village Triangle, Dubai; under construction; handover Q2 2027; from AED 855,999 (as of 2026-11-12)
- [Burj Binghatti Jacob & Co Residences](https://www.uaepropertyagents.com/dubai/business-bay/burj-binghatti-jacob-co-residences): Binghatti; Business Bay, Dubai; under construction; handover Q2 2027; from AED 8,400,000 (as of 2026-11-12)
- [Binghatti Luxuria](https://www.uaepropertyagents.com/dubai/jumeirah-village-triangle/binghatti-luxuria): Binghatti; Jumeirah Village Triangle, Dubai; under construction; handover Q3 2027; from AED 1,248,999 (as of 2026-11-12)
- [Bugatti Residences by Binghatti](https://www.uaepropertyagents.com/dubai/business-bay/bugatti-residences-by-binghatti): Binghatti; Business Bay, Dubai; under construction; handover Q3 2027; from AED 19,400,000 (as of 2026-11-12)
- [Binghatti Cullinan](https://www.uaepropertyagents.com/dubai/al-jaddaf/binghatti-cullinan): Binghatti; Al Jaddaf, Dubai; under construction; handover Q4 2027; from AED 1,399,999 (as of 2026-11-12)
- [Binghatti Skyblade](https://www.uaepropertyagents.com/dubai/downtown-dubai/binghatti-skyblade): Binghatti; Downtown Dubai, Dubai; under construction; handover Q4 2027; from AED 13,394,999 (as of 2026-11-12)
- [Binghatti Skyflame](https://www.uaepropertyagents.com/dubai/majan/binghatti-skyflame): Binghatti; Majan, Dubai; under construction; handover Q4 2027; from AED 717,999 (as of 2026-11-12)
- [Binghatti Titania](https://www.uaepropertyagents.com/dubai/majan/binghatti-titania): Binghatti; Majan, Dubai; under construction; handover Q4 2027; from AED 1,057,999 (as of 2026-11-12)
- [Binghatti Vintage](https://www.uaepropertyagents.com/dubai/majan/binghatti-vintage): Binghatti; Majan, Dubai; under construction; handover Q4 2027; from AED 676,999 (as of 2026-11-12)
- [Binghatti Wraith](https://www.uaepropertyagents.com/dubai/al-jaddaf/binghatti-wraith): Binghatti; Al Jaddaf, Dubai; launched; handover Q4 2027; from AED 1,299,999 (as of 2026-11-12)
- [Mercedes-Benz Places | Binghatti City](https://www.uaepropertyagents.com/dubai/nad-al-sheba/mercedes-benz-places-binghatti-city): Binghatti; Nad Al Sheba, Dubai; under construction; handover Q4 2027; from AED 1,350,000 (as of 2026-11-12)
- [Binghatti Etherea](https://www.uaepropertyagents.com/dubai/jumeirah-village-circle/binghatti-etherea): Binghatti; Jumeirah Village Circle, Dubai; under construction; handover Q1 2028; from AED 1,199,999 (as of 2026-11-12)
- [Binghatti Skyterraces](https://www.uaepropertyagents.com/dubai/motor-city/binghatti-skyterraces): Binghatti; Motor City, Dubai; under construction; handover Q1 2028; from AED 780,999 (as of 2026-11-12)
- [Binghatti Starfall](https://www.uaepropertyagents.com/dubai/al-jaddaf/binghatti-starfall): Binghatti; Al Jaddaf, Dubai; launched; handover Q3 2028; from AED 827,999 (as of 2026-11-12)
- [Vision Iconic](https://www.uaepropertyagents.com/dubai/nad-al-sheba/binghatti-vision-iconic): Binghatti; Nad Al Sheba, Dubai; under construction; handover Q4 2028; from AED 2,307,000 (as of 2026-11-12)
- [Tilal Binghatti](https://www.uaepropertyagents.com/dubai/dubai-academic-city/tilal-binghatti): Binghatti; Dubai International Academic City, Dubai; launched; handover Q2 2029; from AED 4,200,000 (as of 2026-11-12)
- [Binghatti Spectre](https://www.uaepropertyagents.com/dubai/al-jaddaf/binghatti-spectre): Binghatti; Al Jaddaf, Dubai; launched; from AED 774,999 (as of 2026-11-12)
- [Binghatti Aurora](https://www.uaepropertyagents.com/dubai/jumeirah-village-circle/binghatti-aurora): Binghatti; Jumeirah Village Circle, Dubai; ready; handover Q2 2025; from AED 1,474,999 (as of 2026-11-12)
- [Binghatti Royale](https://www.uaepropertyagents.com/dubai/jumeirah-village-circle/binghatti-royale): Binghatti; Jumeirah Village Circle, Dubai; ready; handover Q4 2025; from AED 1,599,999 (as of 2026-11-12)
- [Binghatti Ghost](https://www.uaepropertyagents.com/dubai/al-jaddaf/binghatti-ghost): Binghatti; Al Jaddaf, Dubai; ready; handover Q1 2026; from AED 2,612,499 (as of 2026-11-12)
- [Binghatti Starlight](https://www.uaepropertyagents.com/dubai/al-jaddaf/binghatti-starlight): Binghatti; Al Jaddaf, Dubai; ready; handover Q1 2026; from AED 881,000 (as of 2026-11-12)
- [Binghatti Elite](https://www.uaepropertyagents.com/dubai/dubai-production-city/binghatti-elite): Binghatti; Dubai Production City, Dubai; ready; handover Q2 2026; from AED 831,249 (as of 2026-11-12)
- [Binghatti Hillviews](https://www.uaepropertyagents.com/dubai/dubai-science-park/binghatti-hillviews): Binghatti; Dubai Science Park, Dubai; ready; handover Q4 2026; from AED 853,000 (as of 2026-11-12)

## Questions and answers

### Is Binghatti a reliable developer?

Binghatti has a real delivery record: more than 50 completed developments, by its own count, and about 1,700 homes handed over in the first half of 2026. The concern in 2026 is financial, not constructional. Moody's put its Ba3 rating on review for downgrade in August 2026 because of weaker liquidity ahead of a USD 500 million sukuk repayment in February 2027, and Fitch has its ratings on negative watch. The company says escrow balances and handover collections are sufficient. If you buy, make sure all payments go into the project's escrow account and check construction progress yourself.

### What is the concern about Binghatti's credit rating?

In August 2026 Moody's placed Binghatti's Ba3 rating on review for downgrade. It cited a fall in unrestricted cash to about AED 393 million at the end of June 2026 and uncertainty over the timing of cash inflows before a USD 500 million sukuk matures in February 2027. Binghatti's chairman replied that more than AED 10 billion sits in project escrow accounts and that scheduled handovers will fund the repayment. Escrow funds are tied to individual projects and are not freely available for corporate debt.

### What payment plans does Binghatti offer?

Plans differ by project. The chairman said in August 2026 that the company had responded to the slower market with more flexible payment plans and incentives such as Dubai Land Department fee waivers, not with major price cuts. Ask for the written schedule for your unit and compare the net cost after incentives. See the individual development pages for verified plans.

### Where does Binghatti build?

In Dubai. On 12 November 2026 Binghatti's project list showed developments in Al Jaddaf, Jumeirah Village Circle, Jumeirah Village Triangle, Business Bay, Downtown Dubai, Majan, Motor City, Arjan, Dubai Science Park, Dubai Production City, Dubai Sports City, Nad Al Sheba and Academic City. Its branded towers are in Business Bay and Downtown Dubai. In 2026 it launched Mercedes-Benz Places | Binghatti City and Tilal Binghatti, its first villa community.

### What do Binghatti properties cost?

Among the Binghatti developments we cover, prices start from AED 676,999 at [Binghatti Vintage](https://www.uaepropertyagents.com/dubai/majan/binghatti-vintage), with entry prices up to AED 19.4M at Bugatti Residences by Binghatti.

## Sources

Facts on this page were last checked against these sources on 12 November 2026.

- [Binghatti: H1 2026 financial results (27 July 2026)](https://www.binghatti.com/en/pr/binghatti-h1-2026-financial-results)
- [Binghatti: sales and delivery update (25 March 2026)](https://www.binghatti.com/en/pr/binghatti-sales-delivery-update-dubai-2026)
- [Binghatti: investor relations](https://www.binghatti.com/en-uk/investors-relations)
- [Binghatti: projects list](https://www.binghatti.com/en/projects)
- [Binghatti: Starfall project facts (company profile page)](https://binghatti-frankfurt-public.s3.eu-central-1.amazonaws.com/project-assets/binghatti-starfall-assets-9392624-4478710/binghatti-starfall-project-facts.pdf)
- [Property Finder: Binghatti Developers new projects](https://www.propertyfinder.ae/en/new-projects/dev/binghatti-developers)
- [Khaleej Times: Binghatti dismisses debt fears, points to Dh10.6 billion in escrow accounts (31 August 2026)](https://www.khaleejtimes.com/business/binghatti-dismisses-debt-fears-points-to-dh106-billion-in-escrow-accounts)
- [The Arabian Post: Binghatti faces ratings review as liquidity weakens (12 August 2026)](https://thearabianpost.com/binghatti-faces-ratings-review-as-liquidity-weakens/)

---

Source page: https://www.uaepropertyagents.com/developers/binghatti. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.