Omniyat, Dubai’s ultra-luxury real estate leader, has announced a new corporate structure, led by the newly formed Omniyat Group.
Omniyat Group, founded as an umbrella to drive success across its branded companies, has set a total group portfolio target of AED100 billion ($22.7 billion) for the next five years.
The announcement is a significant milestone for the Omniyat Group, reaffirming its commitment to reshaping the real estate landscape in Dubai and throughout the region.
Omniyat will continue to accelerate its growth trajectory, committed to expanding its presence in the ultra-luxury real estate segment, with a total portfolio worth AED50 billion.
Executive Chairman Mahdi Amjad founded it in 2005 to revolutionise the Dubai property market by creating unique living experiences, and it has consistently raised real estate standards since then.
The Group’s strategic diversification policy has enabled it to expand into new market segments since its inception.
In line with this policy, Omniyat Group will soon announce the launch of a new real estate company in Q3 2024, as part of a commitment to invest AED50 billion in new real estate divisions targeting multiple market segments, according to the Dubai developer.
After perfecting its understanding of market demands and broader audiences, the Group consistently delivered on its bold vision to be “the best in class, in every class.”
Commenting on the launch, Amjad said: “Nineteen years ago, I founded Omniyat with a clear mission to achieve the unprecedented in Dubai’s real estate sector. A city of superlatives, Dubai is globally renowned for its remarkable story of progress and achievement, and we wanted to bring iconic projects to Dubai’s skyline that stood apart for their design, innovation, and artistry.”
“Encouraged by the UAE’s robust growth and long-term vision and inspired by the success of our ultra-luxury 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.”
“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,” he stated.
“Guided by an unwavering commitment to excellence, we will continuously strive to raise standards and curate experiences that make life better, in every sector we engage in,” he added.
