Binghatti net profit rises 65% in nine months to September 2026.

Nine-month revenue reached AED 14.9 billion, with net profit already above the group’s full-year 2025 figure as five projects handed over about 2,600 units.

ByOmnia DeskThe Omnia Markets news desk3 min read2 sources

Binghatti Royale, United Arab Emirates. From the Omnia catalogue

TradeArabia and followict both reported on 12 November 2026 that Binghatti Holding released figures covering January through 30 September 2026. The group’s net profit was up 65% on the same stretch a year earlier, at AED 4.4 billion ($1.2 billion), and already higher than the AED 3.6 billion ($980 million) it made across all of 2025. Revenue was up 66% at AED 14.9 billion ($4.1 billion). Sales were up 11% at AED 14.2 billion ($3.9 billion). Total equity reached AED 11.2 billion, against AED 6.8 billion when 2025 closed.

The developer said it completed five projects in the period, Binghatti Apex, Binghatti Ghost, Binghatti Ivory, Binghatti Haven and Binghatti Grove, and handed over approximately 2,600 units. Eight further completions are expected by the end of 2026. Contracted revenue backlog was put at AED 16.4 billion, to be recognised over the next one to three years. Sellable floor space stood at 14.6 million sq ft by September 2026, against 2.4 million sq ft when 2025 ended.

Bank balances including escrow stood at AED 12.4 billion, up 40% year to date. Cash and cash equivalents were AED 10.9 billion. In February 2026 it raised $500 million through a sukuk and said it plans to repay it in full at maturity in February 2027 from internal cash. Gross debt to equity was 1.1 times and ebitda covered net finance costs 7.4 times. Chairman Muhammad BinGhatti said design, contracting and delivery sit inside the group, so the construction schedule is managed in-house.

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Our take

Omnia Desk

Delivery and cash cover matter more than the profit headline for off-plan stock.

For a buyer weighing Binghatti off-plan or completed stock, the useful signal is not the 65% profit jump alone. It is the five handovers of about 2,600 units, the backlog still to be recognised, and cash and bank balances that the group says exceed borrowings. That is a delivery and balance-sheet read on a developer already on our list, not a rewrite of freehold rules or price bands.

We list Binghatti schemes including completed Binghatti Royale in Jumeirah Village Circle and under-construction Mercedes-Benz Places by Binghatti and Burj Binghatti Jacob & Co Residences. The results confirm construction is advancing and that branded and mid-market product both sit in the same group pipeline. They do not set what a buyer should pay on any one tower; that still turns on location, specification and the evidence in the Gulf Branded Residences Index 2026.

The check now is practical: match any reservation to the named completed or due projects, escrow and handover timing, and whether the unit sits in the communities the group links to future metro lines. Strong group figures do not remove unit-level paperwork risk.