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00:00UAE luxury real estate developer Binghatti has launched an asset management firm with the aim of managing billion worth of private credit and real estate strategies. The new Binghatti is based at the Dubai International Financial Centre. The IFC and its chairman, Ahmed BinGhatti joins me right now. Good to have you with us on the show. So the asset management firm plans to target about billion in private credits and real estate strategies as a share compliance. Why did you launch Benarty Capital? What's the purpose of the funds? So we wanted to obviously diversify capital sources. And the aim is to create a product offering of around billion. It's also to give people access to the Binghatti story and also enhance liquidity and access to alternative sources of capital for the real estate supply chain. And finally to we look, we like to think of ourselves as a key player in the real estate sector in Dubai. So we like to think that we're obviously doing something to achieve the or participating in achieving the Dubai Economic Agenda 2033, which aims to reach 1 trillion dirhams in real estate transactions through investors. Are you targeting to invest in this fund? So obviously we're regulated by the DFC. So the kind of investors that we're looking to attract qualified investors, I would say investors like institutional investors, high net worth individuals as well as family offices. Do you have any plans to launch? A We know the Dubai Holding recently launched one. Is that something that you would aspire to do as well? I think for the time being, we are launching things to do with real estate and private credit strategies per se. I you know, I can't comment on it right now, but I think for the time being it's more classical forms of or strategies to do with a classic private equity style. So what are some of the best some what are some of those opportunities that you see the best opportunities in this space? Well, from our conversations with investors, we've gauged very, very increased interest in private credit. That's a very nascent asset class in the region. So this particular interest in that, that's something that we'll be focused on very much going forward. And also more traditional forms of of of strategies of vehicles. Let me put it this way. Yeah, I guess people would be asking why a real estate company or luxury real estate company might have an edge in private credits when there are so many other players involved as well. What is your response to that? So obviously, being one of the forefront developers in the real estate sector in Dubai, that kind of exposure gives you a lot of, let's say, unique experience and insight into the real estate sector and that places as places is at an advantageous position to know where the value lies in the supply chain, whether it's, you know, construction companies or key suppliers or property management companies. We we're probably the best positioned to know where the value arises. And so when we're taking those decisions on where to allocate the or deploy the funds, we know, you know, we're at a really good position to know where or which which which of those companies is best to invest in. Yeah. And you say the real estate property developer, But of course it's luxury. Know your focus has been on luxury. Can I just ask you how you see the market from here? Because we're hearing of signs that things are beginning to soften. Are you seeing that actually translates? No, not really. I mean, I think one very important distinguishing, you know, feature that one must make when it comes to supply, I mean, there's always talk of, oh, is there oversupply? But people fail to look at supply in terms of theoretical supply and realistic supply. A theoretical supply being, you know, the announcement of projects. It's always easy to announce projects, but in reality to, you know, to come in and execute those projects is a lot more difficult. So I think that the realistic supply is still lagging behind the the theoretical supply. I mean, in addition, I think the fundamentals are very strong still in Dubai. We know that we have a projected 4.6% compound annual growth rate when we're talking about the population over the next 15 years. Dubai continues to attract millionaires and the affluent from across the world. Only in 2024, 6700 millionaires settled in Dubai. What's very, very positive and encouraging also is the Q1 figures from 2025 that came from the Dubai Land Department, and they're pointing to 45,000 plus transit. Actions only in Q1. That's a year on year increase of 22%. The corresponding figure for that is 147.2 billion dirhams, which constitutes a 30% year on year increase from 2024. So, you know, with these solid, you know, fundamentals, I don't think we're really worried about things, you know, cooling down or we don't see signs of that really.

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UAE's Binghatti Launches Asset Management Unit With $1 Billion Target

UAE-based Binghatti has launched an asset management unit targeting $1 billion in Shariah-compliant real estate and private credit strategies. Binghatti Capital aims to attract institutional investors, high-net-worth individuals and family offices, Chairman Ahmed Binghatti told Joumanna Bercetche on Horizons Middle East and Africa. (Source: Bloomberg)

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