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Binghatti Holding has confirmed that its construction activities remain on track despite ongoing geopolitical tensions affecting global markets. The company reported that project execution has not faced disruptions, and timelines are being maintained as planned. It also highlighted that cancellation rates continue to stay below 1 per cent, in line with its historical trend, indicating stable buyer confidence. At the same time, Binghatti has sustained strong sales performance, with average weekly sales of around AED 500 million, showing consistency with pre-tension levels and reflecting steady demand in the real estate market.
Binghatti Holding has stated that its construction operations are continuing as planned, even as geopolitical tensions have increased in recent weeks. The company indicated that there has been no impact on project timelines, and development activity across its portfolio remains fully operational. Advertisement
The developer also shared that cancellation rates have stayed low and are consistent with its historical trend of remaining below 1 per cent. This suggests that buyers have largely continued with their commitments despite uncertainty in the broader global environment.
In terms of sales, Binghatti reported that it has maintained strong momentum. The company recorded average weekly sales of approximately AED 500 million since the rise in geopolitical tensions, which remains broadly in line with the levels seen before the current situation began.
The update reflects stability in the company's performance at a time when global markets have been closely watching the impact of geopolitical developments on investor sentiment and real estate activity. Developers in the UAE have, in the past, shown resilience during periods of global uncertainty, supported by strong demand from both domestic and international buyers.
Binghatti's continued performance also comes amid sustained growth in Dubai's real estate sector over the past few years, driven by factors such as investor-friendly policies, residency incentives, and consistent project launches. The company has been an active player in the mid-income and luxury housing segments, contributing to overall supply in key areas.
Source Reuters
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