Binghatti or Azizi? A Buyer’s Ultimate Guide to Dubai’s Top Real Estate Developers
Dubai is known for its iconic buildings and skyscrapers but do you ever think about why Dubai is so graceful in terms of bold and iconic projects? The answer simply lies in their developer’s vision. There are many developers in Dubai; some offer luxury projects, while some deal with affordability, but with no compromise. Among the popular ones, two developers, Binghatti and Azizi Developments, have created distinct identities while serving diverse market segments.
Both developers focus on delivering quality projects across strategic locations. Binghatti brings architectural uniqueness with its signature geometric designs, while Azizi emphasizes Mediterranean-inspired affordable luxury developments. In today’s discussion, we are going to discuss the differences between them to understand which developer projects are good for you.
Company Overview: Binghatti Vs Azizi
Before knowing the key details, let’s understand the basics. Binghatti and Azizi Developments are two emerging names in Dubai’s real estate. Both companies started their journey in the UAE and built extensive portfolios showcasing modern architecture and luxury living standards.
| Overview | Binghatti | Azizi Developments |
|---|---|---|
| Properties | Binghatti was started in 2008. The company gained recognition for its distinctive architectural style and geometric facades. Binghatti delivers luxury residential and commercial properties. To give the luxury of a branded residence, they have partnered with Bugatti, Mercedes-Benz, and Jacob & Co. The developer focuses on creating recognizable landmarks across Business Bay, JVC, and Downtown Dubai. | Azizi Developments has built its reputation on delivering affordable luxury properties since 2007. The company focuses on Mediterranean-inspired communities. They specialise in waterfront developments and mixed-use communities offering quality homes at competitive prices. The developer targets middle-income families and international investors seeking value-driven properties. |
| Owner | Founded by Dr. Hussain Binghatti Aljbori in 2008. Muhammad Binghatti has been Chairman since 2024 (CEO from 2014). The company emphasizes architectural innovation and brand partnerships with global luxury names. | Founded by Mirwais Azizi, Afghan entrepreneur, in 2007. Farhad Azizi serves as Group CEO. The company’s mission focuses on enriching lives through innovative designs and luxury living spaces. |
Market Cap Comparison: Binghatti Vs Azizi Developments
Binghatti and Azizi Developments demonstrate strong financial performance in Dubai’s competitive real estate sector. Both developers achieved significant sales milestones through 2024-2025.
| Developer Names | Market Cap |
|---|---|
| Binghatti | Total AED 80 billion Portfolio |
| Azizi Developments | Total AED 75 billion Portfolio |
Commercial & Residential Experience: Binghatti Vs Azizi
Both developers deliver diverse portfolios spanning residential, commercial, and mixed-use properties across Dubai’s prime locations. Their experience reflects a commitment to quality construction and timely project completion.
| Developer Names | Experience | Global Footprint | Other Business |
|---|---|---|---|
| Binghatti | 17 Years (Since 2008) | Primarily UAE/Dubai focused with 80+ projects worth AED 80+ billion | Property Development, Brand Collaborations (Bugatti, Mercedes-Benz, Jacob & Co), Hospitality, Architecture & Design |
| Azizi Developments | 18 Years (Since 2007) | UAE focused with presence in banking (Azizi Bank in Afghanistan) | Property Development, Banking (Azizi Bank, Islamic Bank of Afghanistan), Hospitality, Real Estate Investment |
Projects Delivered In Dubai: Binghatti Vs Azizi
The project delivery track record reflects each developer’s commitment to meeting market demands and investor expectations through consistent completions.
| Metric (2025) | Binghatti Developers | Azizi Developments |
|---|---|---|
| Projects Delivered (YTD 2025) | 7 completed developments | 25 planned completions, with majority delivered by Q4 2025 |
| Contribution to Dubai Completions | Over 20% of all new Dubai handovers | Roughly 10% of total Dubai deliveries (projected) |
| Total Units Delivered (2025) | Approx. 4,600 residential units across key communities | 6,979 residential units under delivery |
| Major Projects Delivered | Flare 01 & 02 (JVT), Binghatti Gardenia, Binghatti Corner, Onyx by Binghatti, Binghatti Creek Residences | Riviera Phase 4, Creek Views III, Vista, Amber, Azizi Venice Phase 1 |
| Built-up Area Delivered (2025) | Over 3.4 million sq. ft. | 8.4 million sq. ft. (across 19+ projects delivered end of 2024 and Q1 2025) |
| Ongoing Under-Construction Portfolio | 38 active projects; 38,000 units worth AED 80B | 150,000+ units under construction worth several tens of billions (AED) |
| Average Unit Price Segment | AED 1M – AED 2M mid-luxury bracket | AED 900K – AED 1.8M across mid to upper mid-luxury projects |
| Geographical Focus (2025) | Jumeirah Village Triangle, Business Bay, Downtown, Dubai Silicon Oasis | MBR City (Riviera), Al Furjan, Dubai South, Palm Jumeirah, Dubai Healthcare City |
| Sustainability Features | Smart energy systems, solar-integrated façades, eco-materials | Smart cooling, electric mobility, sustainable water recycling |
| Foreign Buyer Share | 61% (India, Turkey, China) | 60%+ (India, UK, Pakistan, GCC) |
Notable Projects Delivered in Dubai: Binghatti Vs Azizi Developments
Both developers created landmark projects that define Dubai neighborhoods. These developments showcase their design philosophies and target market preferences.
| Notable Projects by Binghatti | Notable Projects by Azizi |
|---|---|
| Bugatti Residences (Business Bay) | Azizi Riviera (MBR City/Meydan) |
| Mercedes-Benz Places (Downtown Dubai) | Burj Azizi (Sheikh Zayed Road) |
| One by Binghatti (Business Bay) | Azizi Venice (Dubai South) |
| Binghatti Skyrise (Business Bay) | Azizi Milan (City of Arabia) |
| Binghatti Aurora (JVC) | Azizi Beach Oasis 2 (Dubai Studio City) |
Audience Targeted: Binghatti Vs Azizi Developments
Property buyers in Dubai seek developers matching their budget and lifestyle preferences. Binghatti and Azizi target different market segments through their pricing and design strategies.
| Targeted Audience of Binghatti | Targeted Audience of Azizi Developments |
|---|---|
| Binghatti targets mid to high-end buyers. The developer appeals to budget-conscious investors through sub-AED 2 million properties while offering ultra-luxury branded residences (AED 8M-19M+). They primarily focus on young professionals, small families, and investors seeking high ROI areas. | Azizi focuses on middle-income to upper-middle buyers. The developer targets international investors and end-users looking for quality homes at competitive prices. Strong appeal among families seeking waterfront living and professionals looking for modern amenities with value pricing. |
On Time Delivery: Binghatti Vs Azizi
Project delivery timelines impact buyer confidence significantly. Both developers maintain strong completion records. But occasional delays occur due to market conditions.
Binghatti has approximately 80-85% on-time delivery. The company delivered 7 projects in 2025 year-to-date while maintaining strong construction schedules where most projects has 24-36 month completion timelines.
Azizi achieves an approximately 85-90% on-time delivery rate. The developer completed 19 projects in 2024 as planned and announced. Azizi targets 25 building completions for 2025. Azizi is also demonstrating consistent delivery across its portfolio, particularly at Riviera and Venice developments.
Brand Reputation: Binghatti Vs Azizi
Developer reputation is significantly proportional to purchase decisions, which means that if the developer has a high reputation, then their projects will sell out quickly. Both companies built recognition through distinctive approaches to real estate development.
Binghatti earned recognition for architectural innovation and luxury brand partnerships. Muhammad Binghatti featured on the Forbes Middle East cover and listed among the Most Impactful Real Estate Leaders 2025. The company received a Fitch credit rating upgrade to BB- in 2025. Binghatti ranked 19th on Forbes Top 100 Arab Family Businesses 2025. However, some customer reviews mention handover delays and after-sales service concerns requiring improvement.
Azizi gained a reputation for affordable luxury and timely completions. The company won the Top Contributing Developer Award from the Dubai Land Department in 2025 and Best Community Developer recognition. Azizi received the Iconic Design of the Year award for Burj Azizi at the UAE Realty Awards 2025. Some buyers report concerns about unit sizes and past quality issues, though the company claims ongoing improvements.
Financial Performance: Binghatti Vs Azizi Developments
While buying a property, you should look at the company’s financials. If the financials are strong, then the company has good cash flow, which affects the on-time delivery of projects. Both developers demonstrated strong financial results through 2024-2025.
Binghatti achieved remarkable growth with H1 2025 net profit tripling to AED 1.82 billion. The company recorded AED 8.8 billion in total sales, with revenue rising 189% year-on-year to AED 6.3 billion. Binghatti sold nearly 12,000 residential units year-to-date in 2025, leading the sub-AED 2 million segment. The developer launched 13 new projects with a combined GDV of AED 12.28 billion.
As of now, Azizi does not share any 2025 financial performance, but their 2024 performance is so good. They reported record performance in 2024 with total sales exceeding AED 10 billion. The company sold 10,229 units, representing a 15.8% increase over 2023. Azizi developed over 8.4 million square feet of built-up area across 316+ floors in 2024. The developer poured 387,329 cubic meters of concrete with 43.6 million man-hours invested. Azizi’s portfolio includes mega-projects valued at AED 75+ billion.
Payment Plan Facilities: Binghatti Vs Azizi
Flexible payment structures attract both investors and end-users. Both developers offer competitive payment options tailored to different buyer segments.
| Developer | Payment Plan Options |
|---|---|
| Binghatti | 70:30, 80:20, 50:50 payment plans. Typical down payment 20%. Construction-linked installments with balance on handover. Some premium projects offer 60:40 structures. Branded residences may require higher upfront payments. |
| Azizi Developments | 80:20, 60:40, 10:50:40 payment plans. Typical down payment 10%. Post-handover payment options available on select projects. Flexible installment schedules during construction. 50:50 plans offered for waterfront properties like Mina. |
Property Services Delivered: Binghatti Vs Azizi Developments
Comprehensive property services enhance resident experiences beyond initial purchase. Both developers provide facilities management and community services.
| Services Offer | Binghatti | Azizi Developments |
|---|---|---|
| Property Management | Basic property management with maintenance services. Customer service through centralized systems. | Comprehensive property management including maintenance, leasing, and customer care. Digital CRM systems for service requests. |
| Facility Management | High-quality facility management ensures building upkeep and common area maintenance. | Professional facility management with 24/7 operations. Steam rooms, saunas, modern gyms across properties. |
| Community Management | Focus on creating luxury environments with exclusive amenities. Branded residence services in premium projects. | Emphasis on vibrant communities with waterfront lifestyle. Resort-style facilities and Mediterranean atmosphere. |
| Concierge Services | Premium concierge services in luxury branded residences (Bugatti, Mercedes, Jacob & Co). | Personalized concierge services in select properties like Mina on Palm Jumeirah. |
| Security Services | 24/7 security personnel and advanced security systems. CCTV monitoring across developments. | Round-the-clock security services with modern surveillance systems. Gated community access control. |
| Sustainability Initiatives | Green building practices with photovoltaic panels. Mercedes-Benz Places features a building-integrated solar facade. Commitment to Dubai Net-Zero 2050 goals. | Focus on green spaces with 70% landscaping in projects like Mina. Sustainable design elements and energy-efficient systems. |
User Review: Binghatti Vs Azizi Developments
Both developers maintain strong reputations for project delivery and customer service. Binghatti receives praise for innovative design, competitive pricing, and modern amenities, earning average ratings of 4.2 from buyers. Azizi is recognized for quality construction, timely delivery, and community amenities, achieving 4.05 average customer ratings.
Conclusion
This Binghatti Vs. Azizi Developments comparison reveals two distinct approaches to Dubai real estate. Binghatti emphasizes architectural innovation with signature geometric designs and luxury brand partnerships. Whereas Azizi Developments focuses on affordable luxury through Mediterranean-inspired communities. The developer excels in waterfront developments and mega-projects like Riviera, Venice, and Milan.
Both developers contribute significantly to Dubai’s real estate landscape. Binghatti attracts investors seeking distinctive architecture and flexible payment plans. Azizi appeals to families and international buyers prioritizing established communities, waterfront living, and affordability.
Hope this Binghatti vs Azizi development guide helps you make your decisions. And if you are looking to invest in any of their projects, then you can contact us. Our team will contact you shortly.
