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Dubai’s top developers say deliveries are on schedule despite regional conflict
Azizi Developments records Dh2 billion in sales, while Binghatti Holding logs Dh500 million in weekly sales since the military conflict began on February 28
- PUBLISHED: Wed 25 Mar 2026, 6:11 PM
Dubai’s top developers on Wednesday reported strong sales figures for February-March despite the ongoing regional military conflict, and assured that project deliveries remain on schedule.
Binghatti Holding, Azizi Developments and Sobha Realty said they will deliver hundreds of units this year as promised to buyers, easing concerns about delays due to the US-Israel-Iran conflict, which is now in its fourth week.
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Azizi Developments said it recorded Dh2 billion in sales during its month-long Ramadan programme, reflecting sustained appetite for residential offerings and reaffirming the strength and momentum of Dubai’s real estate market.
“The strong performance reinforces the underlying strength of Dubai’s real estate sector, which continues to stand out as one of the most resilient and attractive globally. Even in periods when other markets may slow, Dubai maintains continuity, supported by a stable operating environment and long-term planning,” said Farhad Azizi, Group CEO of Azizi Group.
He stressed that demand remains strong and confidence intact, underpinned by a long-term outlook that extends well beyond short-term regional challenges.
Sobha Realty announced it has received the building completion certificate (BCC) for Sobha Crest Grande, with handovers set to commence shortly.
Importantly, the project – which comprises 985 units – is scheduled for delivery in line with the timeline committed to the Real Estate Regulatory Authority (Rera).
“Dubai continues to demonstrate the resilience, confidence and long-term vision that make it one of the world’s most trusted places to live and invest. The receipt of the building completion certificate is not just a development milestone; it reflects the trust families place in us when they invest their savings, aspirations and vision of a dream home in the UAE,” said Francis Alfred, Managing Director of Sobha Realty.
Binghatti Holding, one of Dubai’s top property developers, said its construction operations remain uninterrupted and fully on schedule despite the regional conflict.
In a statement issued on Wednesday, the company said cancellation rates remain low, in line with historical levels of below one per cent.
The company added that it has achieved average weekly sales of Dh500 million since the onset of the geopolitical conflict, broadly in line with pre-war levels.
Muhammad Binghatti, Chairman of Binghatti Holding, said the company’s strength lies in its 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 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 nearly 90 per cent of its units scheduled for handover in 2026 are already sold.
Shehzad Janab, Chief Financial Officer of Binghatti Holding, said the developer’s business model is built on 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 added that the developer maintains a robust cash position and a diversified development pipeline.
“We have more than ample liquidity to sustain operations and continue executing our strategy even in the event of a prolonged downturn in the real estate cycle,” he said.
