“Bin Ghati” Holding Company has reported exceptional financial outcomes for the year ending December 31, 2025, reflecting robust sales performance, disciplined execution, and ongoing improvements in the group’s balance sheet strength.
The net profit surged by 96% year-on-year, reaching 3.58 billion dirhams, fueled by strong operational leverage, high execution efficiency, and sustained demand for real estate in Dubai.
Revenue almost doubled, amounting to 12.43 billion dirhams, compared to 6.34 billion dirhams in 2024. This growth was bolstered by strong sales momentum, accelerated delivery processes, and the continued success of “Bin Ghati’s” diverse portfolio that spans mid-range, premium, luxury, and ultra-luxury project categories.
In the last quarter of 2025, “Bin Ghati” maintained its strong growth trajectory, concluding the year with a series of qualitative achievements that underscore its leadership position in the branded real estate sector, innovation, and access to capital markets. The group unveiled the “Mercedes-Benz Places I Bin Ghati City” residential project, marking it as the first residential city globally to carry the Mercedes-Benz brand, further establishing Dubai as a leading destination for modern, design-oriented communities.
“Bin Ghati” also set a new record in the ultra-luxury residential sector by selling the most expensive penthouse in the Middle East for nearly 150 million dollars, showcasing the pricing strength and growing international appeal of its branded project portfolio.
Throughout the year, the group enhanced its presence in capital markets, with Global Capital magazine recognizing “Bin Ghati’s” $500 million sukuk due in August 2030 as the “Best Corporate Deal of the Year” in Central and Eastern Europe, the Middle East, and Africa, based on over five times coverage, improved pricing, and the group’s strengthening credit profile. The issuance attracted subscription requests amounting to approximately $2.5 billion, with nearly half allocated to investors outside the Gulf region, indicating robust international interest.
Positive Market Outlook
The real estate market in Dubai continues to outperform other global markets, driven by sustained population growth, rising homeownership rates, and continuous inflows of international capital. Long-term initiatives, such as the Dubai Economic Agenda D33 and Dubai Urban Plan 2040, are enhancing the emirate’s economic base and solidifying demand for residential units.
With these factors in mind, “Bin Ghati’s” comprehensive corporate structure, alongside its disciplined project management and quality-driven branding strategy, positions the group well for continued sustainable growth in 2026 and beyond.
The company reported a 135% increase in cash reserves, reaching 8.84 billion dirhams, with over 17,000 residential units sold during the year, solidifying “Bin Ghati” as the largest developer of planned projects in Dubai based on the number of units sold. Additionally, total assets rose by 92% year-on-year, totaling 24.37 billion dirhams, with equity also doubling to 6.78 billion dirhams, supporting ongoing development plans. The total value of the portfolio, including completed, ongoing, and planned projects, reached nearly 100 billion dirhams.
Qatar Al-Nada Bin Ghati, the CEO and Managing Director, stated, “The past year marks a pivotal phase in ‘Bin Ghati’s’ growth journey, clearly affirming our strategic soundness, execution discipline, and unique developmental approach. Our record profits and revenue performance reflect the solid fundamentals of the Dubai real estate market, enhanced by our highly efficient vertically integrated business model that allows swift transition from design to delivery while maintaining quality and cost management discipline.”
Shehzad Janab, the Chief Financial Officer, noted, “The fiscal year 2025 demonstrated strong operational and financial discipline, enabling our flexible business model to maintain robust performance despite rapid expansion and business growth. Profitability remained high, with a gross profit margin of 44%, EBITDA margin at 35%, and net profit margin at 29%. This performance underscores the resilience of our integrated model and our focus on cost management efficiency and the qualitative returns of our strategically balanced development portfolio.”
On the financial front, the balance sheet showed notable improvement, with total assets increasing by 92% year-on-year to 24.37 billion dirhams, coupled with a rise in cash and equivalents to 8.84 billion dirhams. This confirms a strong liquidity base and high financial flexibility, supporting the continued execution of our strategy for superior market growth while maintaining the highest levels of financial discipline.