Binghatti, a prominent Dubai-based developer, has successfully raised $500 million through its debut Sukuk issuance, with the offering receiving overwhelming investor interest oversubscribed by more than five times.

This strong response reflects surging confidence in Dubai’s real estate sector, which continues to attract global capital amid record-breaking sales and growing demand for premium properties. The issuance drew participation from a diverse base of investors across Europe, Asia, and the Middle East.

Binghatti plans to use the funds to support its future real estate projects and fuel expansion in key locations across Dubai. The success of this Sukuk not only underscores investor trust in the company’s development pipeline but also highlights broader optimism surrounding the UAE’s economic outlook and property market momentum.

The Sukuk, structured to comply with Shariah principles, marks a significant milestone for Binghatti as it looks to diversify its funding sources while scaling its portfolio in response to sustained demand.