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Binghatti Holding, the Dubai-based real estate developer, has acquired a freehold land plot with more than 8 million square feet of gross floor area to develop its first large-scale master-planned residential community, the company said on Wednesday.
The anticipated value of the development exceeds Dhs25bn($6.8bn), positioning it among the largest single-site residential projects in the emirate.
The land is located in Nad Al Sheba 1, within Dubai’s Meydan district, an area historically linked with equestrian heritage and the former Nad Al Sheba Racecourse.
“The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti’s growth journey,” said Muhammad BinGhatti, chairman of Binghatti Holding. “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.”
The future development is expected to offer a “refined and tranquil” lifestyle, with the company citing its central location and access to major roadways and key landmarks as core to its appeal.
A key milestone for Binghatti
The move marks a significant shift for Binghatti, which until now has been focused on high-rise branded residences, including the Bugatti Residences, Mercedes-Benz Places, and Burj Binghatti Jacob & Co. Residences. The developer currently has around 20,000 units under development across approximately 30 projects in sought-after neighborhoods such as Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, and Dubai Science Park.
Binghatti has also attracted high-profile clientele, including football star Neymar Junior and opera legend Andrea Bocelli.
Led by Muhammad BinGhatti, Binghatti Holding manages a portfolio of over 80 projects valued at more than Dhs50bn.
In the past 16 months, the company has delivered more than 11,000 residential units, underscoring its rapid growth trajectory and market presence.
