Dubai's Binghatti Holding acquires $6.8 billion residential plot, its biggest venture yet.

Binghatti Holding, a Dubai real estate company, has acquired an 8 million square feet plot to develop its first large-scale residential community worth over $6.8 billion. Located in Nad Al Sheba 1, this project marks Binghatti's shift from high-rise buildings to offering a "refined and tranquil" lifestyle. The development will be one of the largest single-site residential projects in Dubai.