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Binghatti in Talks For Multibillion-Dollar Partnerships; Suspends IPO Plans
September 2, 2026
– Ritish G
Dubai-based property developer, Binghatti Holding is said to be in discussions over potential strategic partnerships worth billions of dollars. According to a report, the talks involve possible joint ventures with major developers and could include a government-linked entity. The partnerships would focus on large projects in key locations across Dubai, with an agreement expected to be reached later this year or early next year. Binghatti has also suspended its IPO plans amid the discussions. The potential tie-up could provide support as the developer faces liquidity concerns, with Moody’s placing its rating on review for downgrade last month. The company said it remains confident about meeting its debt obligations and reported AED 10.6bn ($2.9bn) in escrow. Separately, Binghatti is set to complete 10 projects worth AED 7.5bn ($2.0bn) this year, with around 94% of units already sold.
It’s dollar bonds traded broadly stable with its 7.75% 2029s at 87.5, yielding 13.2%.
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