Dubai-based developer Binghatti has pushed back against concerns about its liquidity and upcoming debt obligations, highlighting more than Dh10.6 billion held in escrow accounts as a key indicator of its financial strength. The company also remains on track to deliver several major projects over the coming months.

Binghatti Chairman Muhammad BinGhatti said the developer had already handed over three projects worth approximately Dh1.8 billion since June. These developments were more than 90 per cent sold and had achieved a similar collection rate, supporting the company’s confidence in its cash position.

The developer is also preparing to complete 10 projects worth Dh7.5 billion within the next four to five months. According to BinGhatti, these projects are approximately 94 per cent sold, with around 80 per cent of payments collected. The company expects these handovers to generate additional cash flow and strengthen its ability to meet financial commitments.

The comments come after concerns from rating agencies regarding Binghatti’s liquidity profile and its ability to manage upcoming maturities, including a $500 million sukuk due in February 2027. BinGhatti argued that rating assessments can represent only a snapshot of a developer’s finances, particularly in a business where cash flows can fluctuate according to project handovers and land acquisitions.

Binghatti also pointed to improving conditions in Dubai’s property market. After weaker activity between March and May, transactions reportedly recovered from June onwards. Monthly transaction values increased from around Dh29 billion in May to Dh33 billion in June and approximately Dh35 billion in July.

The developer said demand remains strong among local buyers, while investors from India, the UK and Europe continue to contribute significantly to Dubai’s property market. Several of Binghatti’s high-profile developments, including Bugatti Residences, Mercedes-Benz Places and Burj Binghatti Jacob & Co Residences, are also approaching completion.

Overall, Binghatti’s latest comments indicate that the company remains confident in its financial position, supported by substantial escrow balances, strong project sales and upcoming handovers. The developer’s focus on completing projects and maintaining flexible payment options also reflects the continued resilience of Dubai’s real estate sector.Dubai-based developer Binghatti has pushed back against concerns about its liquidity and upcoming debt obligations, highlighting more than Dh10.6 billion held in escrow accounts as a key indicator of its financial strength. The company also remains on track to deliver several major projects over the coming months.

Binghatti Chairman Muhammad BinGhatti said the developer had already handed over three projects worth approximately Dh1.8 billion since June. These developments were more than 90 per cent sold and had achieved a similar collection rate, supporting the company’s confidence in its cash position.

The developer is also preparing to complete 10 projects worth Dh7.5 billion within the next four to five months. According to BinGhatti, these projects are approximately 94 per cent sold, with around 80 per cent of payments collected. The company expects these handovers to generate additional cash flow and strengthen its ability to meet financial commitments.

The comments come after concerns from rating agencies regarding Binghatti’s liquidity profile and its ability to manage upcoming maturities, including a $500 million sukuk due in February 2027. BinGhatti argued that rating assessments can represent only a snapshot of a developer’s finances, particularly in a business where cash flows can fluctuate according to project handovers and land acquisitions.

Binghatti also pointed to improving conditions in Dubai’s property market. After weaker activity between March and May, transactions reportedly recovered from June onwards. Monthly transaction values increased from around Dh29 billion in May to Dh33 billion in June and approximately Dh35 billion in July.

The developer said demand remains strong among local buyers, while investors from India, the UK and Europe continue to contribute significantly to Dubai’s property market. Several of Binghatti’s high-profile developments, including Bugatti Residences, Mercedes-Benz Places and Burj Binghatti Jacob & Co Residences, are also approaching completion.

Overall, Binghatti’s latest comments indicate that the company remains confident in its financial position, supported by substantial escrow balances, strong project sales and upcoming handovers. The developer’s focus on completing projects and maintaining flexible payment options also reflects the continued resilience of Dubai’s real estate sector.