Binghatti
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 | |
| Private | |
| ISIN | 🆔 |
| Industry | Real estate |
| Founded 📆 | 2008 in Dubai, UAE |
| Founder 👔 | Hussain Binghatti Aljbori |
| Headquarters 🏙️ | , Dubai , UAE |
Area served 🗺️ | |
Key people | Muhammad Binghatti (CEO, co-founder), Ahmed Binghatti (co-founder) |
| Revenue🤑 | US $2 billion (2023) |
| Members | |
Number of employees | 5000 (2023) |
| 🌐 Website | https://binghatti.com/ |
| 📇 Address | |
| 📞 telephone | |
Binghatti is an Emirati property development company founded in 2008 with its headquarters in Dubai, United Arab Emirates.
History[edit]
Binghatti is a Dubai-based Emirati real estate development company that was founded in 2008 by Hussain Binghatti Aljbori, and his sons as a part of Binghatti Holding . In the years following its founding, the company focused on the development of residential projects in Dubai, with a particular emphasis on luxury apartments..[1]
In 2014 Binghatti entered into an undisclosed deal to sell Binghatti Terraces, a mid-rise tower in Dubai Silicon Oasis to Emirates Real Estate Fund which is managed by the Emirates NBD.[2]
In 2018, Binghatti Completed an agreement with Izdihar Real-Estate Fund valued at AED 200 million ($54.4m), a fund managed by Bank of Muscat. The deal comprises the acquisition of two residential towers in Dubai Silicon Oasis; Binghatti Vista and Binghatti Sapphires.[3][4][5]
In 2021, Binghatti completed a deal with Saudi's food company, Almarai valued at AED 215 million ($58.54m), the deal comprises the acquisition of Binghatti Beverages Manufacturing Facility located in Khalifa Industrial Zone, Abu Dhabi.[6][7][8]
As of 2018, Binghatti's portfolio reached over 30 projects,[9] reached over 40 projects as of 2021,[10] and reached 50 projects as of 2022 including about 33 towers in several places such as Dubai Silicon Oasis, Dubailand, Al Jaddaf, and Business Bay.[11][12]
In November 2022, Binghatti announced the Burj Binghatti Jacob & Co Residences. The skyscraper co-designed and branded by Jacob & Co, the global horology and jewelry brand.[13]
Projects[edit]
In August 2022, Binghatti announced the early completion of three projects in Jumeirah village circle.[14][15]
Burj Binghatti Jacob & Co Residences[edit]
Burj Binghatti Jacob & Co Residences is situated in Business Bay, viewing the Burj Khalifa[16][17]
Binghatti Canal[edit]
Binghatti Canal is situated on Marasi Drive, viewing the Dubai Canal[18][19]
Binghatti Creek[edit]
Binghatti Creek is situated in Al Jaddaf, viewing the Downtown Dubai[20][21]
Awards and recognition[edit]
Binghatti has received several awards including, Gulf Real Estate – Best Real Estate Project (Off Plan),[22] MENA Green Building Awards 2017 & 2018, Cityscape Awards 2018,[23] Arabian Property Awards 2017 & 2018, Dubai Property Awards 2018 & 2019,[24] and Government of Dubai- Best Real Estate Tycoon Awards.[25]
Sources list[edit]
- ↑ "Muhammad BinGhatti, CEO of Binghatti". The CEO Magazine. Retrieved 2022-12-12.
- ↑ NBD, Emirates. "Emirates Real Estate Fund Acquires Binghatti Terraces in Dubai Silicon Oasis". Emirates NBD. Retrieved 2022-12-12.
- ↑ Staff Writer (2018-10-14). "Dubai's Binghatti sells two towers to Oman REIT for Dhs200m". Gulf Business. Retrieved 2022-12-12.
- ↑ "Dubai's Binghatti sells two residential projects for $54m".
- ↑ Observer, Oman (2018-10-21). "Izdihar extends GCC footprint with new acquisition in Dubai". Oman Observer. Retrieved 2022-12-12.
- ↑ ""المراعي" تستحوذ على مصنع بن غاطي للمشروبات في الإمارات". العربية (in العربية). 2021-06-02. Retrieved 2022-12-12.
- ↑ Rahman, Fareed (2021-06-02). "Saudi Arabia's Almarai acquires Binghatti's beverage production unit in UAE for Dh215m". The National. Retrieved 2022-12-12.
- ↑ "Almarai completes $58.5m acquisition of UAE's Binghatti Beverages". Arab News. 2021-11-15. Retrieved 2022-12-12.
- ↑ ""بن غاطي": حجم أعمالنا 3 مليارات درهم ولا نخطط لاكتتاب". العربية (in العربية). 2018-02-28. Retrieved 2022-12-12.
- ↑ "Dubai realty records robust growth". www.gulftoday.ae. Retrieved 2022-12-12.
- ↑ "Binghatti Canal project launched in Dubai". gulfnews.com. 27 June 2022. Retrieved 2022-12-12.
- ↑ "اطلاق مشروع "بن غاطي كانال" في دبي بقيمة 500 مليون درهم". www.emaratalyoum.com (in العربية). 24 June 2022. Retrieved 2022-12-12.
- ↑ Montanez, Abby (2022-11-09). "Jacob & Co. Is Building a Soaring 100-Story Tower in Dubai That Looks Like a Crystal Crown". Robb Report. Retrieved 2022-12-12.
- ↑ "Binghatti announces early completion of three projects in Jumeirah Village Circle". Khaleej_Times.
- ↑ "Binghatti announces early completion of three projects in Jumeirah Village Circle". gulfnews.com. 22 August 2022.
- ↑ "Burj Binghatti Jacob and Co Residences". Binghatti. Retrieved 2022-06-21.
- ↑ "Burj Binghatti Jacob & Co Residences". propsearch.ae. Retrieved 2022-06-21.
- ↑ "Binghatti Canal Apartments for rent in Business Bay Binghatti". Binghatti. Retrieved 2022-06-21.
- ↑ "Binghatti Canal". propsearch.ae. Retrieved 2022-06-21.
- ↑ "Binghatti Creek – Apartments for rent in Business Bay Binghatti". Binghatti. Retrieved 2022-06-21.
- ↑ "Binghatti Creek". propsearch.ae. Retrieved 2022-06-21.
- ↑ "Dubai Land Department - Press Release - Dubai Land Department Announces winners of Gulf Real Estate Awards 2018". dubailand.gov.ae. Retrieved 2022-12-12.
- ↑ "Binghatti wins award". Saudigazette. 2018-10-07. Retrieved 2022-12-12.
- ↑ "Binghatti Developers And Millennium Hotels And Resorts Commemorate Their Partnership At Cityscape Global 2018 - Middle East Events". 2018-10-01. Retrieved 2022-12-12.
- ↑ Release, Press. "The unstoppable Binghatti Developers successfully completes Binghatti East & Binghatti West". www.zawya.com. Retrieved 2022-12-12.
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