Binghatti Pinnacle Development Fund Delivers 194% Net IRR and 2.3x Net
Equity Multiple
to External Investors

Dubai, United
Arab Emirates — 27 October 2026

Binghatti Capital
Limited, a Dubai Financial Services Authority (DFSA)-regulated investment
management firm, today announced the successful completion of the investment
strategy of Binghatti Pinnacle Development Fund LP (the “Fund”), delivering a
194% net internal rate of return (IRR) and a 2.3x net equity multiple to its
external limited partners, after applicable fees, fund expenses and carry.

The Fund raised
approximately US$29 million and pursued a single-asset, build-to-sell strategy,
developing a mixed-use project comprising 178 units with an achieved gross
development value of approximately US$115 million. Approximately 90% of units
were sold before project completion, with contracted sales exceeding US$90
million.

The outcome
reflects the combination of disciplined investment management, strong off-plan
demand and the execution capabilities of Binghatti’s established development
platform.

Ahmed Binghatti, Executive Chairman of
Binghatti Capital, commented:

“Binghatti
Pinnacle demonstrates how our development expertise and investment management
capabilities can work together to create value for investors. Our focus is on
selecting the right opportunities, delivering with discipline and translating
development success into realised investor returns. This result marks an
important milestone in building Binghatti Capital’s track record.”

Shehzad Janab, Senior Executive Officer of
Binghatti Capital, commented:

“Successful
development investing requires discipline across the entire investment
lifecycle—from underwriting and capital deployment to construction, sales and
distributions. Pinnacle’s 194% net IRR and 2.3x net equity multiple demonstrate
both the value created and the speed at which capital was returned to
investors. Maintaining execution momentum through heightened regional
uncertainty was central to achieving this outcome.”

Having achieved
its investment objectives and completed distributions to limited partners, the
Fund is undergoing formal liquidation, subject to completion of the remaining
regulatory and administrative requirements.

About Binghatti Capital Limited

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.

Combining nstitutional investment management capabilities with an established real
estate development platform, Binghatti Capital focuses on disciplined underwriting, active investment management and development-led value creation.

Important Notice

Past performance
s not indicative of future results. The performance information contained in
this announcement relates solely to the Binghatti Pinnacle Development Fund and
should not be regarded as indicative of the performance of any future investment,
fund, or strategy. This announcement is for informational purposes only and
does not constitute an offer or solicitation to invest. This announcement is
subject to applicable laws and regulatory requirements.

Binghatti Capital Limited

info@binghatticapital.com