Dubai-based luxury real estate developer Binghatti Holding Ltd. has announced a major milestone with the acquisition of freehold land spanning over 8 million square feet of gross floor area in Nad Al Sheba 1, located within the prestigious Meydan district. The development value of the project is expected to exceed AED 25 billion, marking the company’s first foray into a large-scale master-planned residential community in the Emirate.
This landmark acquisition sets the stage for a transformative development that will blend elegance with tranquillity, offering a high-end lifestyle in one of Dubai’s most sought-after areas. Nad Al Sheba, a district known for its rich equestrian heritage and once home to the iconic Dubai World Cup at the original racecourse, offers excellent connectivity to key city landmarks and major road networks. The new community is expected to reflect this legacy while providing refined urban living.
Currently, Binghatti is developing around 20,000 residential units across approximately 30 projects in Dubai’s most prominent neighborhoods, including Downtown Dubai, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City, and Dubai Sports City.
Renowned for its high-profile branded residences, Binghatti has partnered with global luxury names such as Bugatti, Mercedes-Benz, and Jacob & Co. These collaborations have attracted high-net-worth clients and celebrities, including football star Neymar Jr. and opera legend Andrea Bocelli, further cementing the company’s status as a leader in luxury real estate.
This new master development reinforces Binghatti’s ambitious vision to redefine community living in Dubai through architectural excellence and branded luxury experiences.
