Binghatti Properties
| Company type | Private |
|---|---|
| Industry | Real estate |
| Founded | 2008 in Dubai, UAE |
| Founder | Hussain Binghatti Aljbori |
| Headquarters | Dubai , UAE |
Key people | Muhammad Binghatti (CEO, co-founder), Ahmed Binghatti (co-founder) |
| Revenue | US $2 billion (2023) |
Number of employees | 5000 (2023) |
| Website | https://binghatti.com/ |
Binghatti Holding (Binghatti Properties or simply Binghatti) is an Emirati real estate development company founded in 2008 with its headquarters in Dubai, United Arab Emirates. The company focuses on real estate, hospitality, and construction.[1]
Overview[edit]
Binghatti was founded by Hussain Binghatti Aljbori, Ahmed Binghatti and Muhammed Binghatti in 2008.[2][3][4][5]
The company has established real estate projects in Business Bay, Al Jaddaf, Downtown Dubai, Dubai Silicon Oasis, Jumeirah Village Circle, Liwan, and Dubai Residential Complex with an investment value of more than AED 7 Billion.[6]
Partnerships and acquisitions[edit]
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.[7][8]
In 2018, Binghatti completed an agreement with Izdihar Real-Estate Fund valued at AED 200 million ($54.4m), a fund managed by the Bank of Muscat. The deal comprises the acquisition of two residential towers in Dubai Silicon Oasis; Binghatti Vista and Binghatti Sapphires.[9][10][11]
In 2021, Binghatti completed a deal with a Saudi 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.[12][13][14]
In November 2022, Binghatti announced the Burj Binghatti Jacob & Co Residences, the skyscraper co-designed and branded by Jacob & Co.[15][16][17][18][19]
In May 2023, Binghatti announced the Bugatti Residences, the skyscraper co-designed and branded by Bugatti.[20][21]
In January 2024, Binghatti announced the Mercedes-Benz Places, the skyscraper co-desingned and branded by Mercedes-Benz.[22]
References[edit]
- ^ "RERA honoured Binghatti Developers as the fastest real estate developer in Dubai". Gulf News. 24 November 2022.
- ^ "Binghatti: A Visible Force in UAE's Modern Architectural Landscape". Ocean Drive.
- ^ "Binghatti Developers Expanding with a vision and mission - Cityscape Kuwait 2015". Kuwait Times. 2015-12-08. Retrieved 2023-06-27.
- ^ "Dubai Culture and Arts Authority elected Binghatti Pearls as one of the seven must-see architectural wonders in Dubai". Gulf News. 2022-10-27. Retrieved 2023-06-27.
- ^ "How Binghatti's Architectural Masterpieces are Paving the Way for a Bold New Era of Design in the UAE". Vogue Arabia. 2022-11-29. Retrieved 2023-06-27.
- ^ "Binghatti launches world's first Bugatti Residences in Dubai". Khaleej Times. Retrieved 2023-06-27.
- ^ Anderson, Robert (2016-09-05). "Emirates Real Estate Fund acquires residential property in Dubai's Silicon Oasis | UAE News". Gulf Business. Retrieved 2023-06-27.
- ^ Abbas, Waheed. "Dubai's Binghatti Developers to sell property against Bitcoin, Ethereum". Khaleej Times. Retrieved 2023-06-27.
- ^ "Dubai's Binghatti sells two residential projects for $54m". Arabian Business.
- ^ "Dubai's Binghatti sells two towers to Oman REIT for Dhs200m". Gulf Business. 2018-10-14. Retrieved 2023-06-27.
- ^ "Izdihar extends GCC footprint with new acquisition in Dubai". Oman Observer. 2018-10-21. Retrieved 2023-06-27.
- ^ "Almarai completes $58.5m acquisition of UAE's Binghatti Beverages". Arab News. 2021-11-15. Retrieved 2023-06-27.
- ^ Rahman, Fareed (2021-06-02). "Saudi Arabia's Almarai acquires Binghatti's beverage production unit in UAE for Dh215m". The National (Abu Dhabi). Retrieved 2023-06-27.
- ^ Joseph, Shilpa Annie (2023-06-27). "Saudi's Almarai acquires Binghatti's beverage production unit in UAE - GCC Business News". www.gccbusinessnews.com. Retrieved 2023-06-27.
- ^ "Binghatti, Jacob & Co launches sales of Dubai hyper-tower". Trade Arabia. Retrieved 2023-06-27.
- ^ Bardsley, Daniel (2022-11-27). "How Burj Binghatti is set to become the world's tallest residential tower". The National (Abu Dhabi). Retrieved 2023-06-27.
- ^ 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 2023-06-27.
- ^ "Dubai's 'Hypertower' Is The Tallest In The World". Yahoo! Finance. 2022-11-30. Retrieved 2023-06-27.
- ^ Tholot, Almas. "Binghatti breaks ground on the Burj Binghatti – the world's tallest residential tower". MEP Middle East.
- ^ "Binghatti launches world's first Bugatti Residences in Dubai". Khaleej Times. Retrieved 2023-06-27.
- ^ "Bugatti unveils design for first residential skyscraper". Dezzen. Retrieved 2023-07-23.
- ^ "Dubai: Binghatti, Mercedes-Benz launch $1 billion branded residence tower". Khaleej Times. Retrieved 2024-01-25.