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

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.  

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.”