Binghatti Capital Limited, a Dubai Financial Services Authority (DFSA)-regulated investment management firm, today announced the successful completion of the investment strategy of Binghatti Pinnacle Development Fund LP (the “Fund”), delivering a 194% net internal rate of return (IRR) and a 2.3x net equity multiple to its external limited partners, after applicable fees, fund expenses and carry.
The Fund raised approximately US$29 million and pursued a single-asset, build-to-sell strategy, developing a mixed-use project comprising 178 units with an achieved gross development value of approximately US$115 million. Approximately 90% of units were sold before project completion, with contracted sales exceeding US$90 million.
The outcome reflects the combination of disciplined investment management, strong off-plan demand and the execution capabilities of Binghatti’s established development platform.
Ahmed Binghatti, Executive Chairman of Binghatti Capital, commented:
“Binghatti Pinnacle demonstrates how our development expertise and investment management capabilities can work together to create value for investors. Our focus is on selecting the right opportunities, delivering with discipline and translating development success into realised investor returns. This result marks an important milestone in building Binghatti Capital’s track record.”
Shehzad Janab, Senior Executive Officer of Binghatti Capital, commented:
“Successful development investing requires discipline across the entire investment lifecycle—from underwriting and capital deployment to construction, sales and distributions. Pinnacle’s 194% net IRR and 2.3x net equity multiple demonstrate both the value created and the speed at which capital was returned to investors. Maintaining execution momentum through heightened regional uncertainty was central to achieving this outcome.”
Having achieved its investment objectives and completed distributions to limited partners, the Fund is undergoing formal liquidation, subject to completion of the remaining regulatory and administrative requirements.
