Binghatti is a prominent real estate development company based in Dubai, United Arab Emirates. Founded in 2008 by Dr. Hussain BinGhatti and his sons, the company has rapidly expanded its portfolio, becoming one of the largest property developers and holding companies in the UAE. 

Company Overview:

• Founder: Dr. Hussain BinGhatti

• Established: 2008

• Headquarters: Dubai, UAE

• Industry: Real Estate Development

• Number of Employees: Approximately 5,000 as of 2024

Notable Projects and Developments:

1. Burj Binghatti Jacob & Co Residences: A collaboration with luxury jeweler Jacob & Co, this skyscraper is set to become one of the tallest residential towers globally, standing at 557 meters with 104 floors. 

2. Bugatti Residences by Binghatti: In partnership with the luxury car manufacturer Bugatti, this project introduces the world’s first Bugatti-branded residences, featuring unique design elements inspired by the brand’s aesthetics.

3. Mercedes-Benz Places by Binghatti: This development showcases a collaboration with Mercedes-Benz, offering luxury residences that embody the brand’s commitment to innovation and elegance.

4. Binghatti Creek: Located in Al Jaddaf, this project exemplifies Binghatti’s innovative design and has demonstrated substantial return on investment, with property values increasing significantly upon completion. 

Architectural Philosophy:

Binghatti is renowned for its groundbreaking architectural designs that blend modern aesthetics with functional living spaces. The company’s projects often feature distinctive facades and incorporate smart home technologies, catering to the evolving demands of residents and investors alike. 

Awards and Recognitions:

The company has received numerous accolades, including the Gulf Real Estate Award for Best Real Estate Off-Plan Project, MENA Green Building Awards in 2017 and 2018, Cityscape Awards in 2018, and Arabian Property Awards in 2017 and 2018. Additionally, Binghatti’s CEO, Muhammad BinGhatti, was honored with the Best Real Estate Tycoon Award by Dubai’s Land Department. 

Recent Developments:

• Sukuk Offering: In February 2024, Binghatti launched its first US dollar-denominated sukuk (Islamic bond) offering, initially targeting $300 million but receiving subscriptions totaling $621 million. This issuance marked the first real estate sector sukuk from the MENA region in 2024. 

• High-Profile Investments: In November 2024, Brazilian football star Neymar Jr. purchased a penthouse valued at approximately $54 million in the Bugatti Residences, highlighting the global appeal and luxury associated with Binghatti’s developments.