Binghatti Holding has announced that it has acquired freehold land with over eight million sq ft of gross floor area with an anticipated total development value of over AED 25bn. The land is set to be used for what would be the company’s first large-scale master-planned residential community in the Emirate.
Located in Nad Al Sheba 1 in the heart of Dubai’s sought-after Meydan district, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle.
The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup. With seamless connectivity to major roads and proximity to Dubai’s key landmarks, the planned community will offer both convenience and exclusivity.
“The acquisition of a mega plot for what is expected be our first master-planned development marks a pivotal moment in Binghatti’s growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule. Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.”
Muhammad BinGhatti, Chairman, Binghatti Holding
Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City.
Binghatti’s flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli.
