Dubai’s Binghatti Launches $1 Billion Shariah-Compliant Asset Firm

Dubai-based luxury real estate developer Binghatti Holding has launched Binghatti Capital Limited, an asset management firm headquartered in the Dubai International Financial Centre (DIFC), with regulatory approval to serve exclusively professional investors. The firm aims to manage approximately $1 billion in Shariah-compliant private credit and real estate strategies, focusing on the acquisition and sale of off-plan residential properties, development and sale of residential projects, and supply chain financing for construction and real estate-related companies. This strategic move is designed to diversify Binghatti Holding’s capital sources, deepen its investment footprint, and enhance access to alternative capital, supporting Dubai's ambition to become a leading global foreign investment destination. Binghatti Capital will offer tailored discretionary and non-discretionary portfolio mandates to meet professional clients' specific objectives while reinforcing sustainable growth via income-generating investments. The firm’s private credit strategy aligns with regional trends, as other Gulf asset managers expand into non-bank lending to mid-market companies and real estate developers. Binghatti views this expansion as integral to its long-term vision and contribution to Dubai’s Economic Agenda 2033, which targets significant growth in real estate transactions.