Binghatti Pinnacle Development Fund Delivers Strong Returns to Investors

Binghatti Capital Limited has announced that its Pinnacle Development Fund has achieved impressive financial results, delivering a net internal rate of return (IRR) of 194% and a net equity multiple of 2.3 to external investors. The fund, which raised approximately US$29 million, pursued a single-asset, build-to-sell strategy, developing a mixed-use project comprising 178 units. Approximately 90% of the units were sold before the project's completion, with contracted sales exceeding US$90 million.

This outcome reflects the combination of disciplined investment management, strong off-plan demand, and the execution capabilities of Binghatti’s established development platform.

Having achieved its investment objectives and completed distributions to limited partners, the Fund is undergoing formal liquidation, subject to the completion of the remaining regulatory and administrative requirements. Binghatti Capital Limited, the investment management and capital markets arm of Binghatti, is regulated by the Dubai Financial Services Authority (DFSA). The firm manages real estate investment strategies and provides investment and advisory services across real estate, private credit, and capital markets. Combining institutional investment management capabilities with an established real estate development platform, Binghatti Capital focuses on disciplined underwriting, active investment management, and development-led value creation.

Past performance is not indicative of future results. The performance information contained in this announcement relates solely to the Binghatti Pinnacle Development Fund and should not be regarded as indicative of the performance of any future investment, fund, or strategy. This announcement is for informational purposes only and does not constitute an offer or solicitation to invest.

The Pinnacle Development Fund pursued a mixed-use project with an achieved gross development value of approximately US$115 million. The project was a single-asset, build-to-sell strategy, and approximately 90% of the units were sold before the project's completion. The Fund raised approximately US$29 million and achieved contracted sales exceeding US$90 million. The success of the fund underscores the company's ability to navigate market uncertainties and deliver strong returns to its investors.

The achievement of a 194% net IRR and a 2.3x net equity multiple highlights the effectiveness of Binghatti Capital's investment and development strategies. The firm's focus on disciplined underwriting and active management has been instrumental in realizing these results. The liquidation process of the Fund is expected to be completed once all regulatory and administrative requirements are met.

In conclusion, the Pinnacle Development Fund's success marks a significant milestone in Binghatti Capital's track record, demonstrating the company's commitment to delivering value to its investors through disciplined investment and development strategies.