Staff Report
Dubai, UAE
Omniyat, a leading luxury developer in the UAE, has announced the establishment of Omniyat Group, a new corporate structure which will lead new projects targeting Dh100 billion total portfolio over the next five years. The group has dedicated Dh50 billion in portfolio value for new ventures across diversified real estate sectors and another Dh50 billion to expand its footprint in the ultra-luxury real estate segment.
Mahdi Amjad, Founder and Executive Chairman, said, “Encouraged by the UAE’s robust growth and long-term vision, and inspired by the success of our ultra-luxury Omniyat brand, I am establishing Omniyat Group to invest in other brands and companies to address different segments of the UAE’s strong growing real estate market with an uncompromising principle of ‘Best in class, in every class’ we address.”
As part of foraying into different market segments in the real estate industry, Omniyat Group plans to launch a new real estate company in the third quarter of 2024.
Amjad further added, “Today, Omniyat Group has been announced to drive forward our mission to elevate the people at the heart of our business and contribute to a better life and environment for all stakeholders, employees, clients, and their loved ones. Guided by an unwavering commitment to excellence, Omniyat Group will continuously strive to raise standards and curate experiences that make life better, in every sector we engage in.”
Omniyat, founded in 2005 by Mahdi Amjad, has delivered a series of luxury projects over the years. Its portfolio boasts masterpieces such as The Opus, One at Palm Jumeirah, ORLA and The Lana, which have boosted the luxury real estate landscape of Dubai.
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Also read: Omniyat delivers Lana Residences in Dubai
