• Source: Binghatti Properties

Binghatti Holding (commonly known as Binghatti) is a private Emirati real estate development company headquartered in Dubai, United Arab Emirates. Founded in 2008 by Dr. Hussain Binghatti, the company operates in real estate, hospitality, and construction sectors, with a portfolio spanning residential and commercial projects across major Dubai areas such as Business Bay, Downtown Dubai, and Dubai Silicon Oasis.




Overview


Binghatti was founded by Dr. Hussain Binghatti Aljbori, Muhammad Binghatti and Ahmed Binghatti in 2008.
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 DH 40 billion.




= History

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Founded in 2008, Binghatti has grown to establish numerous residential and commercial projects within Dubai. The company is noted for its architectural designs and partnerships with luxury brands.




= Partnerships and Acquisitions

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Binghatti has entered several high-profile agreements over the years:

In 2014, the company sold the Binghatti Terraces tower in Dubai Silicon Oasis to Emirates Real Estate Fund, managed by Emirates NBD.
In 2018, Binghatti collaborated with Izdihar Real-Estate Fund in a deal valued at AED 200 million, acquiring two towers, Binghatti Vista and Binghatti Sapphires.
The company's 2021 acquisition of the Binghatti Beverages Manufacturing Facility marked its entry into the food and beverage sector.




= Recent Developments

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In 2022, Binghatti launched a co-branded skyscraper project with luxury jewelry brand Jacob & Co, and in 2023, they announced the Bugatti Residences, marking their partnership with Bugatti to introduce luxury branded living spaces.




Partnerships and acquisitions


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.
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.
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.
In November 2022, Binghatti announced the Burj Binghatti Jacob & Co Residences, the skyscraper co-designed and branded by Jacob & Co.
In May 2023, Binghatti announced the Bugatti Residences, the skyscraper co-designed and branded by Bugatti.
In January 2024, Binghatti announced the Mercedes-Benz Places, the skyscraper co-desingned and branded by Mercedes-Benz.




References






External links


http://en.wikipedia.org/wiki/Dubai_Islands

Official website

Kata Kunci Pencarian:

• Binghatti Properties
• Burj Binghatti Jacob & Co Residences
• List of tallest buildings
• List of tallest buildings in Dubai
• List of tallest buildings in the United Arab Emirates