An asset management firm has been established by Dubai master developer Binghatti with the goal of overseeing about Dh3.67 billion in real estate and private credit prospects. This shall be carried out in accordance with Sharia law.
The new setup follows Binghatti’s announcement of a significant land transaction in the Meydan neighborhood of Dubai, which will be used over time for a number of high-profile projects.
The new company, Binghatti Capital Ltd., which is headquartered in the DIFC, will use “separate mandates” to buy and sell residential off-plan homes. Additionally, for the purchase, construction, and marketing of residential developments.
Binghatti Capital’s private credit solutions will concentrate on “supply chain financing” in the real estate industry by providing financing options to construction companies, property management organizations, and important suppliers.
“In addition, Binghatti Capital will offer tailored discretionary and non-discretionary portfolio mandates, providing professional clients with flexible solutions to meet their specific investment objectives,” said a statement.
Rationale for new Binghatti company
According to Katralnada Binghatti, Executive Director of Binghatti Capital, “The creation of an asset management arm represents a strategic move to deepen Binghatti Holding’s investment footprint and enhance access to alternative capital.
“We believe that Binghatti Capital’s offerings are one of a kind, underscoring our long-term vision to expand into high-value, income-generating investments that deliver sustainable growth. Through our new Shariah-compliant private investment strategies, we are not only reinforcing our position in the UAE’s real estate sector but are supporting Dubai’s efforts to become one of the world’s leading foreign investment destinations.”
