Binghatti Strengthens Dubai’s Real Estate Market with 15 Projects Worth AED 15 Billion in 2026
Mohammed Binghatti, Chairman of Binghatti Real Estate, has emphasized that Dubai’s property market remains resilient, consistently demonstrating strength even in challenging times. He noted that the emirate’s real estate sector continues to attract investment, reflecting its robust fundamentals.
Binghatti stated that current market prices have remained stable, with no significant transaction volumes indicating a shift in pricing trends. He described it as premature to discuss any upward or downward trends, asserting that there are no substantial pressures leading to a market decline. The fundamental factors supporting land price stability in Dubai remain intact.
He highlighted that the current market conditions may provide investors with liquidity a better opportunity to negotiate with developers, although this does not suggest price reductions. Instead, it indicates a greater flexibility in closing deals.
Binghatti confirmed that the company has not encountered major supply chain challenges or material shortages, attributing this stability to its in-house manufacturing capabilities. Binghatti Real Estate operates dedicated factories for materials such as aluminum, joinery, and steel, which have bolstered its construction operations.
The company plans to deliver approximately 15 projects in 2026, with a total value of around AED 15 billion. Most of these projects are nearing completion, with completion levels around 70% and sales exceeding 90%. Binghatti reaffirmed the company’s commitment to delivering projects on time or ahead of schedule. He added that the company’s financial position is the strongest it has ever been, with approximately AED 9 billion held in escrow accounts, complemented by additional operational liquidity. Expected inflows of AED 4 billion to AED 5 billion are anticipated from project deliveries in the coming months.
Dubai’s Property Market
Binghatti pointed out that Dubai’s historical resilience has consistently led it to emerge stronger from challenges. He noted that investors who have supported the emirate have achieved success, attributing this to a favorable investment environment and ongoing support from UAE leadership. He expressed confidence that the market will continue to grow through 2026 and beyond.
He emphasized that market data serves as the most accurate measure of performance, citing strong results that reflect the health of Dubai’s real estate sector. The first quarter of 2026 saw over 48,000 property transactions valued at more than AED 175 billion, showcasing strong market momentum. March 2026 was particularly noteworthy, with transaction volumes increasing by 5% year-on-year and transaction values rising by 23.4%. Binghatti described these figures as exceptional, especially in light of challenges faced by global property markets.
From early March to April 6, 2026, more than 16,000 transactions worth AED 55 billion were recorded, indicating sustained activity. While investor caution has increased, buying and selling activities have remained stable.
Land Price Stability
Binghatti reiterated that property prices have largely remained unchanged across the market, with stability evident in key areas such as Business Bay, where prices per square foot range from AED 2,400 to AED 2,600. He noted that while the current environment may favor cash investors in negotiations, developers prioritize maintaining market stability. High land prices and strong liquidity among developers diminish the likelihood of significant price reductions.
Land prices remain stable in areas including Downtown Dubai, Business Bay, Sheikh Zayed Road, and Jumeirah Village Circle. Prices per square foot are approximately AED 1,200 in Downtown, AED 850 to AED 900 in Business Bay, and similar ranges along Sheikh Zayed Road, while Jumeirah Village Circle averages around AED 500. Binghatti indicated that these levels reflect market stability, with insufficient evidence of transactions suggesting any real price movement. High historical land acquisition costs and solid liquidity among developers continue to support price resilience.
Residential Units
Residential unit prices have also remained broadly stable, according to Binghatti. In Business Bay, prices per square foot range from AED 2,500 to AED 2,750, while Downtown prices vary between AED 3,000 and AED 6,000, depending on the project. Some luxury developments command even higher prices.
He noted that short-term market fluctuations are often driven by investor sentiment rather than fundamental factors, emphasizing that the core pillars of the market remain strong. Binghatti added that the company is actively exploring expansion opportunities, particularly in land acquisitions, as Dubai continues to present attractive investment prospects.
Projects and Financial Strength
Binghatti reiterated plans to deliver around 15 projects in 2026, valued at nearly AED 15 billion, with high completion and sales rates. The company remains committed to meeting all delivery timelines. He confirmed that Binghatti Real Estate is fully dedicated to fulfilling its financial obligations, including sukuk repayments due in February 2027, with no anticipated delays. Current financial indicators reflect strong liquidity and healthy expected cash flows from upcoming project deliveries, reinforcing overall financial stability and investor confidence.
Luxury Segment and Investor Demand
Binghatti noted a shift in the market towards properties priced between AED 1 million and AED 3 million, which he expects to represent the largest share of transactions in the near future. Luxury projects continue to perform well, with developments like the Bugatti and Mercedes-Benz projects in Downtown Dubai experiencing resilient demand and stable pricing.
The market is witnessing activity from a diverse range of nationalities, led by Emirati investors, Arab residents, and Indian investors, alongside growing interest from international buyers, particularly from London. Binghatti indicated that demand remains strong from the UK, India, Turkey, and Egypt, as investors seek stable and growing markets. The company’s London office continues to attract investors looking to relocate capital to the UAE. Comparisons with higher-tax environments abroad, where taxes can reach 40%, combined with rental yields exceeding 8% and capital appreciation of 35% to 40% in some instances, further enhance Dubai’s appeal.
High-Profile Interest
Binghatti revealed increasing interest from notable international figures, with negotiations underway with a globally recognized artist for the purchase of a luxury penthouse in Downtown Dubai. This transaction is expected to rank among the area’s highest-priced units. A similar sale to another international figure has already been completed and will be announced soon, underscoring Dubai’s continued ability to attract global elites.
Workforce Growth and Sales Performance
In March 2026, the company significantly expanded its workforce, hiring 4,000 new employees as part of its growth strategy. Binghatti stated that this expansion reflects confidence in business growth and market continuity, focusing on enhancing productivity, accelerating project delivery, and attracting specialized talent.
He highlighted the performance of Emirati sales teams, which have generated over AED 1 billion in sales within six months, following sustained investment in developing national talent. Despite regional tensions, the company recorded strong sales in March 2026, reaching AED 1.25 billion, with some projects achieving sales rates above 85%. The Sky Film 2 project sold approximately 50% of its units within two weeks of its launch.
Studio prices start from AED 550,000 for full cash payments, rising to around AED 650,000 under payment plans, while one-bedroom apartments range between AED 1 million and AED 1.1 million. Prices have remained stable compared to pre-tension levels. The company has also launched the second phase of Mercedes-Benz City after successfully selling 85% of phase one, generating nearly AED 500 million in sales. Overall project prices range from AED 1.3 million to AED 5 million, with average prices between AED 3,400 and AED 3,500 per square foot, indicating strong demand and pricing stability.
As reported by www.emirates247.com.
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Published on 2026-04-14 14:19:00 • By FAME Delivered News Desk