Development project valued at $115 million

DUBAI, United Arab Emirates, October 30, 2026 (EZ Newswire) -- Binghatti Capital Limited, an investment management firm regulated by the Dubai Financial Services Authority (DFSA), announced that the Binghatti Pinnacle Development Fund has completed its investment strategy, achieving a net internal rate of return (IRR) of 194% and a net multiple on invested capital (MOIC) of 2.3x for external limited partners.
These returns are net of fees, fund expenses and management's carried interest. The fund has completed distributions to its limited partners and is currently undergoing formal liquidation procedures, subject to the fulfilment of the remaining regulatory and administrative requirements.
The fund raised approximately $29 million and pursued an investment strategy focused on developing and selling a single asset. It developed a mixed-use project comprising 178 units, with a gross development value of approximately $115 million. Around 90% of the units were sold before the project's completion, with contracted sales exceeding $90 million.
Shahzad Janab, Chief Executive Officer of Binghatti Capital, said: "Success in development investing requires discipline throughout the investment cycle, from evaluating opportunities and deploying capital to construction, sales and distributions. The net internal rate of return of 194% and the net multiple on invested capital of 2.3x reflect the value generated by the Pinnacle Fund and the speed at which capital was returned to investors. Maintaining execution momentum amid rising regional uncertainty was a key factor in achieving this outcome."
About Binghatti Capital Limited
Binghatti Capital Limited is Binghatti's investment management and capital markets arm and is regulated by the Dubai Financial Services Authority. The company manages real estate investment strategies and provides investment and advisory services across real estate, private credit and capital markets. Binghatti Capital combines institutional investment management capabilities with an established real estate development platform, focusing on disciplined opportunity assessment, active investment management and value creation through development. For more information, visit binghatticapital.com.
Disclaimer
This announcement is issued solely for informational and corporate reporting purposes and does not constitute an offer, invitation, or solicitation to invest in any fund managed by Binghatti Capital Limited or its affiliates, nor is it directed to or intended for retail clients, being strictly restricted to Professional Clients and Market Counterparties as defined by the Dubai Financial Services Authority (DFSA). Past performance is no guarantee of future results, and the figures presented relate exclusively to the Binghatti Pinnacle Development Fund, an opportunistically structured single-asset vehicle, meaning they are not representative of any other existing or prospective strategy. The stated Net Internal Rate of Return (IRR) of 194% and Net Multiple on Invested Capital (MOIC) of 2.3x reflect cash returned over an accelerated investment lifecycle; because IRR is inherently time-sensitive, this annualized rate significantly outpaces the nominal capital multiple and should not be construed as a recurring annual yield. While all performance metrics are presented net of management fees, fund expenses, and carried interest, preliminary figures are derived from internal calculations subject to final regulatory reconciliation, independent administrator verification, and formal liquidation audit completion. Real estate development involves substantial risk — including construction delays, market absorption shifts, and significant illiquidity — and the fund’s concentration in a single asset exposed investors to heightened volatility and loss potential that are not indicative of diversified portfolios.
Media Contact
Binghatti Capital Limited
info@binghatticapital.com