Binghatti Holding Ltd., has acquired over 8 million sq ft of freehold land in Nad Al Sheba 1, marking its bold entry into large-scale community development
Written by Reeba Asghar
Binghatti Holding Ltd., the award-winning real estate powerhouse renowned for its luxurious branded residences, has announced the acquisition of a landmark freehold plot spanning over 8 million square feet in Nad Al Sheba 1, within Dubai’s prestigious Meydan district.
With a projected total development value exceeding AED 25 billion, the land acquisition signals the company’s entry into the master-planned residential community space – a strategic pivot from its already successful high-rise ventures in prime urban locales.
The new community is envisioned to offer a harmonious blend of refinement, tranquility, and urban connectivity. Situated in an area rich in equestrian heritage, once home to the original Nad Al Sheba Racecourse, the site will offer residents proximity to key destinations across Dubai via seamless road links, along with an ambiance of exclusivity and serene living.
Muhammad BinGhatti, Chairman of Binghatti Holding Ltd., called the move a “pivotal moment” for the company.
“The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti’s growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule,” said BinGhatti.
The chairman further noted that the project is fully self-funded, underlining Binghatti’s strong financial health and long-term vision.
The announcement comes as Binghatti continues to reshape Dubai’s skyline, with approximately 20,000 units in development across 30 key locations. The brand is known globally for its partnerships with luxury giants such as Bugatti, Mercedes-Benz, and Jacob & Co., drawing the attention of elite clientele including global icons Neymar Jr. and Andrea Bocelli.
This new master-planned venture is expected to set a new benchmark for integrated, high-end community living in Dubai.
