Binghatti Holding Ltd, “Binghatti Holding,” is one of the UAE’s fastest-growing real estate developers. Recently, the company celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange.
During this milestone event, a ceremonial bell-ringing took place, marking a key moment in the company’s international growth journey.
The sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times. Consequently, it attracted over USD 2.5 billion in orders from a diverse pool of regional and global investors.
Furthermore, the issuance was priced with a profit rate of 8.125%, reflecting strong investor confidence in Binghatti’s robust financial position. In addition, the company is rated BB- by Fitch and Ba3 by Moody’s, both with stable outlooks.
Founder Dr. Hussain BinGhatti, Chairman Muhammad BinGhatti, and Chief Executive Officer Katralnada BinGhatti joined other senior executives and lead arrangers. Together, they proudly rang the opening bell at the London Stock Exchange. This event officially celebrated the listing. Furthermore, the Sukuk will also be listed on Nasdaq Dubai.
Muhammad BinGhatti, Chairman of Binghatti Holding, commented: The listing of our sukuk on the London Stock Exchange is a clear signal of Binghatti’s commitment.
Moreover, it shows our proactive engagement with global investors. In addition, it reflects our dedication to operating at the highest standards of transparency and governance.
Furthermore, the landmark sukuk issuance enjoyed strong international demand. This success allowed us to close the books ahead of schedule. At the same time, it reinforced market confidence in our credit profile, operational resilience, and growth strategy.
As a result, as we scale our business and diversify our development portfolio, access to deep, liquid, and global capital markets becomes central to our financial strategy. Therefore, today’s listing marks another important step in broadening our investor base and strengthening our global footprint.
Katralnada BinGhatti, Chief Executive Officer of Binghatti Holding, commented:
Binghatti’s sukuk programme reflects our commitment to diversifying the company’s funding base. Moreover, it extends our maturity profile and efficiently deploys capital to capture emerging opportunities.
Notably, the five-times oversubscription and strong demand from institutional investors across Europe, Asia, and the Middle East signal a clear endorsement of our vertically integrated business model.
In addition, with close to 50% of allocations going to non-GCC investors, we are pleased to see growing global recognition of Binghatti’s unique positioning in Dubai’s real estate sector. As a result, as we grow our portfolio and redefine luxury living in Dubai, we will continue to maintain prudent leverage and strong corporate governance.
The successful issuance and the strong demand come on the back of Binghatti Holding’s strong H1 2025 results. During the first half, the company’s net profit more than tripled, reaching AED 1.82 billion. This growth was driven by resilient demand for Dubai real estate.
The Group’s total sales reached AED 8.8 billion, with revenue climbing 189% YoY to AED 6.3 billion.
The Group launched seven new projects and delivered five developments in H1 alone. Moreover, it handed over 15 projects in the last 18 months. With its AED 12.5 billion revenue backlog, the Group continues to demonstrate strong financial stability. Moreover, it manages a development portfolio worth over AED 70 billion. As a result, the Group is positioned as one of Dubai’s leading developers.
Currently, Binghatti has approximately 20,000 units under development. These units are spread across 30 projects in prime Dubai locations. Notably, these locations include Downtown, Business Bay, Jumeirah Village Circle, and Meydan.
Additionally, it is developing its flagship branded residences in collaboration with luxury partners Bugatti, Mercedes-Benz, and Jacob & Co.
The company’s development pipeline was further reinforced. In addition, this followed the recent acquisition of approximately 9 million sq. ft. megaplot in Nad Al Sheba 1. This plot will host Binghatti’s first master-planned community. Moreover, the project has a projected development value of over AED 25 billion.
