Foto BINGHATTI SKYRISE
The developer also noted the stability of sales: since the aggravation of the situation, the average weekly volume of transactions has remained at about 500 million dirhams (about 136 million dollars), which is comparable to the period before the conflict, writes Zawaya.
High demand is also confirmed by current projects. In particular, the residential complex Mercedes-Benz Places by Binghatti residential complex Mercedes-Benz Places by Binghatti, in particular, has already been realized about half of its sales. In addition, about two-thirds of the properties under construction have been sold, and almost 90% of the properties scheduled for delivery in 2026 have already found buyers.
At the same time, Dubai’s overall real estate market is showing signs of cooling. Goldman Sachs analysts recorded a 37% year-on-year decline in the number of transactions in the first weeks of March.
Financial agencies have differing views on the company’s prospects. Fitch Ratings has placed Binghatti’s debt obligations under observation with a negative outlook due to growing geopolitical risks. At the same time, Moody’s affirmed the rating at Ba3 with a stable outlook, noting the company’s strong liquidity and stable project portfolio.
Despite the challenging external environment, Binghatti emphasizes that it maintains a stable position in the market and continues to demonstrate high rates of real estate sales.
