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Binghatti says selling Dh500m worth of properties every week despite regional conflict
The Dubai-based private developer says construction work remains uninterrupted and that it maintains home delivery timelines amid a low cancellation rate
- PUBLISHED: Wed 25 Mar 2026, 10:05 AM
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]
Binghatti Holding, one of Dubai’s top property developers, on Wednesday said its construction operations remain uninterrupted and are fully on schedule despite the regional military conflict.
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In a statement released to the media, the company said cancellation rates remain low, in line with historical levels of below one per cent.
The company revealed that it has achieved average weekly sales of Dh500 million since the onset of the recent geopolitical conflict, which is broadly in line with pre-war levels.
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Binghatti’s development portfolio currently includes more than 40,000 units in prime Dubai locations, including Downtown, Business Bay, Jumeirah Village Circle, and Meydan, as well as flagship branded residences developed in collaboration with luxury partners Bugatti, Mercedes-Benz, and Jacob & Co. In December, the company unveiled Mercedes-Benz Places | Binghatti City, the world’s first Mercedes-Benz-branded city.
Since the military conflict involving the US, Israel, and Iran broke out on February 28, there have been concerns about its impact on the local property market. However, most industry executives said there has been no major distressed selling or price drop due to the regional conflict.
Muhammad BinGhatti, chairman of Binghatti Holding, said the company’s strength comes from a long-term approach and full control of its development cycle.
“Our robust business practices allow us to execute efficiently, manage risk proactively, and deliver the consistency investors expect. Our integrated platform, from land acquisition to delivery, enables us to respond quickly to market conditions and keep projects advancing at pace. Furthermore, our ability to control costs, compress timelines, and drive capital rotation remains a core differentiator,” he said.
“Even amid the current challenges, we are intensifying our focus on execution and partnerships while continuing to capture opportunities that will reinforce our position as one of the fastest-scaling developers in the market.”
Binghatti said almost 90 per cent of its units scheduled for handover in 2026 are fully sold.
Shehzad Janab, chief financial officer of Binghatti Holding, said the developer’s business model is designed around rapid capital rotation and disciplined balance sheet management.
“With consistently high sell-through rates across our developments and some of the fastest construction cycles in the market, Binghatti is able to recycle capital efficiently while maintaining strong liquidity buffers. We have implemented prudent procurement strategies and smart hedging across key construction inputs, which provide further protection against volatility in material costs,” he said.
Janab assured that the developer has a robust cash position and a diversified development pipeline.
“We have more than ample liquidity to sustain our operations and continue executing our strategy even in the event of a protracted downturn in the real estate cycle,” he added.
