Dubai's Binghatti sets up new DIFC company - will offer financing to construction firms too

Binghatti Capital will also have separate mandate for real estate investments

Last updated:
Manoj Nair, Business Editor
1 MIN READ
It was recently that Binghatti bought a major land parcel in Dubai. Now, it's set up a new asset management company.
It was recently that Binghatti bought a major land parcel in Dubai. Now, it's set up a new asset management company.
Supplied

Dubai: The Dubai master-developer Binghatti has launched an asset management company with plans to manage about Dh3.67 billion in private credit and real estate opportunities. This will be done on a Sharia-compliant basis.

The new set up comes just weeks after Binghatti announced a major land deal in Dubai's Meydan area, which will be utilized over the years on a series of high-visibility projects.

The new entity - Binghatti Capital Ltd. and based in DIFC -  will implement 'separate mandates' for the acquisition and sale of offplan residential properties. And also for the acquisition, development and sale of residential projects.

Binghatti Capital’s private credit solutions will focus on 'supply chain financing' in the real estate sector, by offering financing solutions to construction firms, property management entities and key 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.”

Manoj Nair
Manoj NairBusiness Editor
Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.
Related Topics:

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox

Up Next