Latest news with #NeymarJr
Gulf Business
2 days ago
- Business
- Gulf Business
Binghatti Holding's H1 profit rises almost threefold to Dhs1.82bn
Image: Binghatti Holding Binghatti Holding announced record financial results for H1 2025 last week, with net profit and revenue nearly tripling year-on-year, driven by robust demand for its developments . Net profit for H1 2025 surged by 172 per cent year-on-year to Dhs1.82bn ($495m), up from Dhs668m ($182m) in the same period last year . Total sales climbed 60 per cent year-on-year to Dhs8.8bn ($2.39bn), while revenue increased by 189 per cent to Dhs6.3bn ($1.722bn), positioning the company as one of Dubai's fastest-growing real estate firms . The group also saw significant expansion in its development pipeline. As of June 30, Binghatti's revenue backlog reached Dhs12.5bn, an increase from Dhs6.6bn in the corresponding period last year . This surge was fuelled by the launch of seven new projects , while five projects, comprising 1,441 units, were successfully delivered during the first half . Branded residences drive global investor demand . The company's ability to blend architectural innovation with iconic design has attracted an elite international clientele, including Brazilian football star Neymar Jr and acclaimed opera singer Andrea Bocelli. In H1 2025, 61 per cent of Binghatti's sales were made to non-resident buyers, up from 55 per cent a year earlier, underscoring Dubai's safe-haven appeal and Binghatti's proactive marketing, which included the launch of a London sales office in July . Leading buyer nationalities in H1 2025 included India, Turkey, and China . Strong local demand While international investors continue to play a growing role in driving sales, Binghatti also continued to benefit from strong local demand, supported by the UAE's expanding population, and ongoing investment in infrastructure and housing accessibility . The Company continued to broaden its domestic customer base by improving affordability and access to high-quality real estate developments . In May 2025, Binghatti signed a landmark memorandum of understanding with Abu Dhabi Islamic Bank (ADIB) to offer Sharia-compliant home financing solutions tailored to both ready and off-plan residential units . Under the agreement, eligible buyers will be able to secure financing once construction reaches 35 per cent completion and 50 per cent of payments have been made, a flexible structure designed to unlock new demand among UAE-based homeowners and investors . To further support access to homeownership, Binghatti Holding was selected in July by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) as one of 13 developers participating in the newly launched First-Time Home Buyer (FTHB) Programme . As part of this initiative, Binghatti has committed to allocating at least 10 per cent of its newly launched and existing residential units priced under Dhs5m exclusively to eligible first-time buyers . The earmarked units will be made available ahead of public launches, ensuring early access and greater affordability for UAE residents entering the property market for the first time . In addition to prioritised access, Binghatti is offering exclusive financial incentives to FTHB participants, including discounts on selected properties and reduced administrative fees, with enhanced packages for both Emiratis and expatriates . The initiative supports Dubai's broader economic and social development goals, including the D33 Economic Agenda which targets Dhs1tn in real estate transactions . In July, Binghatti also became a founding partner of the Dubai PropTech Hub, a joint initiative of the DIFC Innovation Hub and the Dubai Land Department . The Hub, which aims to attract $300m in venture capital by 2030, will position Binghatti at the forefront of real estate innovation through access to emerging technologies such as AI, blockchain, and sustainable smart infrastructure . As a founding partner, Binghatti will benefit from early engagement with next-generation PropTech start-ups through the Hub's Living Lab, Scale-up Accelerator, and bespoke innovation programs . Accelerated development and landmark land acquisition Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Meydan, Dubai Science Park, Dubai Production City, and Sports City . Read: During the first half, Binghatti launched seven new projects featuring 5,000 units spread over 3.8 million square feet and handed over five developments comprising 1,441 units over a million square feet . The company acquired a landmark megaplot in Nad Al Sheba 1, in the heart of Dubai's sought-after Meydan district with over 9 million square feet of gross floor area, which will serve as the foundation for its first master-planned residential community in Dubai with a total development value of over Dhs25bn . In the first half of 2025, Binghatti's credit profile was formally recognised by leading global rating agencies . In March, Moody's Ratings assigned Binghatti a first-time Ba3 Corporate Family Rating (CFR) with a stable outlook, citing the Company's strong market position in Dubai's luxury real estate sector, its vertically integrated operating model, and prudent financial management . The agency highlighted Binghatti's low leverage, strong liquidity, and effective cost control as key credit strengths, alongside its strategic expansion through branded developments and a deep pipeline of projects . Shortly after, Fitch Ratings upgraded Binghatti's Long-Term Issuer Default Rating (IDR) and senior unsecured debt to BB- from B+, also with a stable outlook . The upgrade reflected Binghatti's resilient growth trajectory, robust liquidity – including a low net debt-to-EBITDA ratio of just 0.8x – and its ability to self-fund future projects through internally generated cash flows . Both agencies recognised the company's strengthened corporate governance framework and the institutional credibility brought by its inaugural$500m sukuk, which is listed on both the London Stock Exchange and Nasdaq Dubai . A positive outlook Dubai's real estate market continues to show structural strength, supported by a growing population, stable governance, and surging global investor interest . As of June 2025, Dubai's population surpassed 3.75 million and is expected to exceed four million by the end of 2026 . In the first half of 2025 alone, over 19,700 new residential units were handed over, primarily in JVC, Al Merkadh, and Business Bay . However, delivery across core and premium submarkets has not kept pace with demand . This gap is even more evident in the luxury and branded segment, where sustained demand continues to drive strong absorption rates . Rental values in prime zones such as Marina, Business Bay, and Downtown Dubai are up significantly year-on-year, clear indicators of supply pressure and investor appetite .
Yahoo
17-07-2025
- Sport
- Yahoo
🎥 Neymar scores vintage goal, nutmeg on coach falls short
Neymar Jr. is finally back in the sporting spotlight, following rumors of a transfer and injury stories. The Brazilian recently demonstrated in a duel between Santos and Club World Cup participant Flamengo that he is still capable of switching to prime mode. Reception, rotation, feint, and clever finish. Neymar hasn't forgotten anything. In high spirits, he even tried to nutmeg Filipe Luís, Flamengo's head coach. However, his attempt to pull a panna on his former national teammate failed. But in any case, we prefer to see a radiant Neymar rather than one in pain or prone to theatrics. This article was translated into English by Artificial Intelligence. You can read the original version in 🇩🇪 here. 📸 Ricardo Moreira - 2025 Getty Images
Yahoo
12-07-2025
- Entertainment
- Yahoo
💫 Lamine Yamal reveals his all-time dream Barcelona XI
Today is July 12 and tomorrow is a very special day for the new Barça star and world football: Lamine Yamal. The young Culé winger is turning 18 and the club has wanted to celebrate by publishing a video that will surely generate a lot of talk on social media in the coming hours. What is Lamine's favorite historic XI formed only by Barça players? Advertisement Messi, Neymar Jr, or Carles Puyol cannot be missing, but... do you dare to guess them all? Don't miss it in the video. This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 MANAURE QUINTERO - AFP or licensors
Yahoo
12-07-2025
- Entertainment
- Yahoo
💫 Lamine Yamal reveals his all-time dream Barcelona XI
Today is July 12 and tomorrow is a very special day for the new Barça star and world football: Lamine Yamal. The young Culé winger is turning 18 and the club has wanted to celebrate by publishing a video that will surely generate a lot of talk on social media in the coming hours. What is Lamine's favorite historic XI formed only by Barça players? Advertisement Messi, Neymar Jr, or Carles Puyol cannot be missing, but... do you dare to guess them all? Don't miss it in the video. This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 MANAURE QUINTERO - AFP or licensors
Yahoo
24-06-2025
- Sport
- Yahoo
Lionel Messi, Inter Miami to Meet PSG in Knockout Stage of Club World Cup
PSG have booked their spot in the knockout stage of the 2025 FIFA Club World Cup after a 2-0 win over MLS side Seattle Sounders on Monday at Lumen Field. Up next, they'll face a familiar opponent in the knockout stage in Inter Miami—led by former PSG star Lionel Messi. Inter Miami appeared to be heading on their way to topping Group A after they took a 2-0 lead over Palmerias. However, the MLS side conceded two goals in the second half to the Brazilian side, allowing them to finish first and the South Florida club to finish second. Messi played three years with the Parisians from 2021 to 2023 after he unexpectedly left FC Barcelona. With Neymar Jr. and Kylian Mbappé, Messi joined a stacked attack, but even with this trio, the capital club could never advance past the Round of 16, losing to Real Madrid and Bayern Munich. Advertisement The 2022 FIFA World Cup winner left on a sour note after PSG supporters whistled him and protested having signed him in the first place. Moreover, Messi has stated in the past how he truly feels about his tenure in Paris, as he noted in an interview this year with Apple Music. 'The way things turned out in my last years in Paris, even though I had to make a quick decision to leave Barcelona, I ended up spending two years that I didn't enjoy,' Messi said. 'I wasn't happy day to day—whether it was training, matches, or just adapting to everything.' Now, the two parties will meet in the knockout stage, and all the interviews of the player bashing the club will resurface. Furthermore, PSG fans will want a convincing win to have a final laugh over a player who didn't want to be there in the first place.
