Binghatti Holding Limited said its construction operations remain fully operational and on schedule despite geopolitical tensions, supported by its vertically integrated supply chains and sales performance. The company said cancellation rates remain below 1 per cent, consistent with historical levels.
The company reported average weekly sales of AED 500 million since the onset of geopolitical tensions, in line with pre-period levels. It said this reflects demand across its portfolio.
Project launches have also recorded performance, with Mercedes-Benz Places | Binghatti City achieving an absorption rate of around 50 per cent since launch to date. The company said this exceeds its benchmark of 50 per cent within the first three months after launch.
Moody’s affirms Binghatti Ba3 rating with stable outlook
Moody’s Ratings affirmed the company’s Ba3 Corporate Family Rating with a stable outlook. The agency cited liquidity, execution and the development pipeline.
According to Moody’s, Binghatti has approximately AED 11.3 billion in available liquidity against about AED 2.4 billion in required uses. The agency said it expects the company to maintain liquidity through 2027 and continue its financial policies while delivering its project portfolio.
Moody’s noted that around two-thirds of Gross Development Value under construction had already been sold as of February 2026. It also said nearly 90 per cent of units scheduled for handover in 2026 are fully sold.
The agency said the company’s vertically integrated business model allows control over costs and margins and helps mitigate risks linked to the geopolitical environment.
“Binghatti’s strength comes from long‑term approach, strong governance, and full control of our development cycle through our vertically integrated supply chain. Our robust business practices allow us to execute efficiently, manage risk proactively, and deliver the consistency investors expect. In particular, 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. 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,” Muhammad BinGhatti, Chairman of Binghatti Holding Limited said in a statement.
“Our business model is designed around rapid capital rotation and disciplined balance sheet management. With consistently high sales-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. In addition, we have implemented prudent procurement strategies and smart hedging across key construction inputs, which provides further protection against volatility in materials costs. Taken together with our robust cash position and 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.”
Binghatti expands portfolio to over 40,000 units across Dubai
Binghatti’s development portfolio includes more than 40,000 units in Dubai locations including Downtown, Business Bay, Jumeirah Village Circle and Meydan.
The company also develops branded residences in partnership with Bugatti, Mercedes-Benz and Jacob & Co.
In December, Binghatti unveiled Mercedes-Benz Places | Binghatti City, which it said is the first Mercedes-Benz branded city.
