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Binghatti Secures Landmark Plot in Meydan for Dh25 Billion Project
Leading Dubai-based developer Binghatti has made a major land acquisition in the prestigious Meydan district, Nad Al Sheba 1. The newly purchased plot will be the foundation for a large-scale, master-planned residential community with an estimated development value of Dh25 billion.
Major Milestone in Binghatti’s Expansion Strategy
Covering approximately 8 million square feet of gross floor area, the project represents one of Binghatti’s largest land investments to date. The developer confirmed the acquisition was fully self-financed, underlining the strength of its financial model.
Muhammad BinGhatti, Chairman of Binghatti Holding, stated:
“This marks a pivotal moment in our growth journey. The upcoming development will build on our vertically integrated model, enabling us to continue delivering high-quality properties with efficiency and distinction.”
Binghatti’s Growing Dubai Portfolio
Binghatti currently has around 20,000 units under development across nearly 30 projects in Dubai, including high-profile areas like Downtown and Business Bay. The company has also gained recognition for its branded residences, developed in collaboration with luxury partners such as Bugatti, Mercedes-Benz, and Jacob & Co.
A New Benchmark for Integrated Living in Dubai
The newly acquired Meydan plot is expected to set a new standard for residential development in Dubai. With its blend of scale, location, and innovation, Binghatti aims to redefine integrated community living in one of the city’s most strategic zones.
