Binghatti Capital Fund Delivers 194% Net IRR and 2.3x Returns to Investors
Binghatti Capital’s Pinnacle Development Fund has delivered a 194% net internal rate of return and a 2.3x net equity multiple to external investors, following the completion of its Dubai real estate development strategy.
Dubai, 28 Oct 2026: Binghatti Capital Limited has announced that its Binghatti Pinnacle Development Fund LP has completed its investment strategy, delivering a 194% net internal rate of return (IRR) and a 2.3x net equity multiple to external investors after applicable fees, expenses and carried interest.
The fund raised approximately US$29 million and followed a single-asset, build-to-sell strategy. Its development comprised 178 units, with an achieved gross development value of approximately US$115 million. Around 90% of the units were sold before project completion, generating contracted sales exceeding US$90 million.
According to Binghatti Capital, the results reflect the combination of its real estate development capabilities, investment management expertise and demand for off-plan properties.
Ahmed Binghatti, Executive Chairman of Binghatti Capital, said the outcome demonstrates how the company’s development expertise and investment management capabilities can work together to create value for investors. He highlighted disciplined investment selection, project delivery and the conversion of development performance into realised investor returns.
Shehzad Janab, Senior Executive Officer of Binghatti Capital, said maintaining execution momentum through heightened regional uncertainty was an important factor in achieving the fund’s results. He also emphasised the importance of managing every stage of the investment lifecycle, from initial underwriting and capital deployment to construction, sales and investor distributions.
With its investment objectives achieved and distributions to limited partners completed, the fund is now undergoing formal liquidation, subject to the remaining regulatory and administrative requirements.
Binghatti Capital Limited is the investment management and capital markets arm of Binghatti and is regulated by the Dubai Financial Services Authority (DFSA). The firm manages real estate investment strategies and provides investment and advisory services across real estate, private credit and capital markets.
The company stated that the reported performance relates exclusively to the Pinnacle Development Fund and should not be taken as an indication of future investment performance. Past performance does not guarantee future results.
