Dubai-based developer Binghatti has announced a major land acquisition in Nad Al Sheba 1, within the prestigious Meydan district — the former site of the historic Nad Al Sheba Racecourse and the iconic Dubai World Cup. Spanning an impressive 8 million square feet of gross floor area, the plot will be the foundation for Binghatti’s first-ever large-scale master-planned residential community in Dubai.

Although the purchase price remains confidential, Binghatti confirmed the acquisition was entirely self-financed, underscoring the company's solid financial standing. Speaking on the milestone, Muhammad Binghatti, Chairman of Binghatti Holding, said:

Acquiring this mega plot for our first master-planned development is a pivotal milestone in our company’s growth. This transformative project will leverage our vertically integrated business model, which consistently delivers high-quality, distinctive developments ahead of schedule.”