Dubai’s best real estate developer, Binghatti, has revealed an incredibly successful Sukuk. The sukuk tap was linked to the developer’s debut in February 2027 USD 300 million sukuk issuance, listed earlier this year on the London Stock Exchange (ISM) and Nasdaq Dubai and over 200% oversubscribed. The recent fixture brings Binghatti’s all-around sukuk deal size to $500 million. The recent tap witnessed record-breaking demand from regional and international investors, reaching approximately 4.2x oversubscription.
Strong Market Position and Global Investor Confidence
The developer’s strong market position and crucial global investor trust in the Binghatti brand are highlighted by the consistently high demand and oversubscription grades of its sukuk.
Favorable Pricing and International Appeal
The overwhelming demand for Binghatti’s sukuk resulted in a price reduction of approximately 20 basis points, linked to the robust demand levels of regional and international investors. The book saw a fantastic split between regional and global needs, with almost 40% of the interest from international investors, further emphasizing the worldwide appeal and confidence in Binghatti’s financial instruments.
Innovative Collaborations and a Strong Portfolio
Binghatti has presented globally renowned brands such as the automotive legends Mercedes-Benz and Bugatti and the high-end jewelry and horology brand Jacob&Co to real estate for the first time through groundbreaking partnerships. This strategic action has heightened the market stake, highlighting Binghatti’s creative approach to property development. Binghatti’s existing portfolio value stands at over Dh40 billion, further hardening the brand’s position as a superior in the market.
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Chairman’s Statement
“We are pleased with the exceptional response to our sukuk tap, highlighting the continued confidence and trust that both regional and global investors have in Binghatti. The oversubscription and favorable pricing reflect our solid market position and the strength of our brand. We remain committed to delivering value to all of our stakeholders and driving growth in the real estate sector,” said Muhammad BinGhatti, chairman of Binghatti.
Conclusion
Binghatti’s current sukuk tap success marks a giant milestone in the real estate area, showcasing the business enterprise’s strong market function and worldwide enchantment. The overwhelming 420% oversubscription demonstrates investor confidence in Binghatti’s revolutionary technique and financial stability. This success strengthens Binghatti’s position inside the market and highlights Dubai’s growing importance as an international monetary hub. As the enterprise keeps pushing boundaries with precise collaborations and ambitious tasks, it sets new standards for the industry. The fulfillment of this sukuk issuance paves the way for destiny increase and reinforces Binghatti’s dedication to handing over cost to stakeholders while contributing to the place’s broader financial development.
