Key Takeaways
- • Binghatti Capital Limited, a DFSA-regulated investment manager, announced that Binghatti Pinnacle Development Fund LP delivered a 194% net IRR and a 2.3x net equity multiple to external limited partners, after fees, fund expenses and carry.
- • The Fund raised approximately US$29 million for a single-asset, build-to-sell strategy developing a 178-unit mixed-use project 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 Fund has completed distributions to limited partners and is undergoing formal liquidation, subject to remaining regulatory and administrative requirements.
Summary
Binghatti Capital Limited, the investment management and capital markets arm of Binghatti and a Dubai Financial Services Authority (DFSA)-regulated firm, announced on October 29, 2026 the completion of the investment strategy of Binghatti Pinnacle Development Fund LP (the "Fund"). According to the company's press release distributed via EIN Presswire, the Fund delivered a 194% net internal rate of return and a 2.3x net equity multiple to its external limited partners, after applicable fees, fund expenses and carried interest.
The Fund raised approximately US$29 million and pursued a single-asset, build-to-sell strategy. It developed 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 company attributed the outcome to disciplined investment management, strong off-plan demand and the execution capabilities of Binghatti's development platform.
Ahmed Binghatti, Executive Chairman of Binghatti Capital, said the result demonstrates how the firm's development expertise and investment management capabilities can work together, and described it as a milestone in building the firm's track record. Shehzad Janab, Senior Executive Officer, said the returns reflected both the value created and the speed at which capital was returned to investors, and that maintaining execution momentum through heightened regional uncertainty was central to the outcome.
Having achieved its investment objectives and completed distributions to limited partners, the Fund is undergoing formal liquidation, subject to completion of remaining regulatory and administrative requirements. The company notes that past performance is not indicative of future results and that the figures relate solely to this Fund. The announcement is informational and does not constitute an offer to invest. Note that these performance figures are self-reported by the sponsor and have not been independently verified in the source material.
The Fund raised approximately US$29 million and pursued a single-asset, build-to-sell strategy. It developed 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 company attributed the outcome to disciplined investment management, strong off-plan demand and the execution capabilities of Binghatti's development platform.
Ahmed Binghatti, Executive Chairman of Binghatti Capital, said the result demonstrates how the firm's development expertise and investment management capabilities can work together, and described it as a milestone in building the firm's track record. Shehzad Janab, Senior Executive Officer, said the returns reflected both the value created and the speed at which capital was returned to investors, and that maintaining execution momentum through heightened regional uncertainty was central to the outcome.
Having achieved its investment objectives and completed distributions to limited partners, the Fund is undergoing formal liquidation, subject to completion of remaining regulatory and administrative requirements. The company notes that past performance is not indicative of future results and that the figures relate solely to this Fund. The announcement is informational and does not constitute an offer to invest. Note that these performance figures are self-reported by the sponsor and have not been independently verified in the source material.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.