Dubai-based Binghatti Developers has taken the spotlight at the third annual Dubai Property Show in Mumbai, with its chief executive winning the Real Estate Tycoon Award from Dubai government for his outstanding contribution in making the company a top real estate developer in the emirate.

The award was presented to Muhammad BinGhatti at the Dubai Land Department (DLD)-sponsored property exhibition at the Bandra Kurla Complex in Mumbai which concludes on November 5.

BinGhatti won the top honours at the event based on the company’s dynamic growth and success.

A leading player in the region, Binghatti Developers is active throughout the UAE with an investment value in excess of Dh3 billion ($816 million) across a portfolio of more 30 projects, including its strategic partnership in the Dh1 billion Swarovski Sparkle Towers in Dubai Marina.

The company currently operates in several areas throughout Dubai including Dubai Silicon Oasis, Business Bay, Al Jadaf, Dubai Marina, Jumeirah Village Circle, Liwan, and Dubai Land Residence Complex, in addition to a mega commercial project in Abu Dhabi covering an area of 1 million sq ft and a value in excess of Dh500 million.

The company possesses bold plans for expansion in the coming years, specifically focusing on the growth of its real estate portfolio in Dubai.

With so many major players in the Dubai real estate market, the award is considered to be one of the most prestigious in the industry. The company looks to capitalise on winning the award and the publicity that comes with it to expand its iconic real estate portfolio and continue developing properties throughout the UAE.

BinGhatti said: "I am absolutely ecstatic to win the ‘Real Estate Tycoon’ Award from the DLD, one of the most highly regarded entities in Dubai government."

Receiving this type of prestigious recognition from the department is an incredible honour and "we thank the Dubai Government and DLD for their continued innovation, creativity, and support".

"This award is a testament to our commitment to Dubai real estate and we look forward to the continued growth and success of the Dubai property market," he added.

Most recently, the company was ranked 30 in the Forbes Top 100 Real Estate Companies in the Arab World publication. This prestigious recognition joins the company’s previous awards including the Cityscape Global Awards, the International Property Awards, as well as the Dubai Land Department sponsored Gulf Real Estate Awards.

The company was also recently recognised as the best developer architecturally by Business News Middle East magazine.-TradeArabia News Service