With a bold commitment of AED 50 billion dedicated to new ventures across diverse real estate sectors, OMNIYAT GROUP is set to raise standards and redefine luxury living.
In a move poised to transform Dubai’s real estate market, OMNIYAT has announced the launch of OMNIYAT GROUP, a new corporate structure aiming for a portfolio exceeding AED 100 billion within the next five years.
Founded in 2005 by Mahdi Amjad, this announcement coincides with the entrepreneur celebrating 30 years since his first business venture in Dubai.
“It’s my 30th anniversary as an entrepreneur in the city. Since starting my first business in 1994, I want to mark this milestone by announcing the formation of our new group, which will diversify beyond just ultra-luxury real estate investments to other market segments,” he said.
Reflecting on the company’s journey, Amjad said, “Nineteen years ago, I founded OMNIYAT with a mission to achieve unprecedented success in Dubai’s real estate sector. Dubai, a city of superlatives, is globally renowned for its progress and achievements. We aimed to bring iconic projects to its skyline, distinguished by their design, innovation, and artistry.”
The new OMNIYAT GROUP structure is designed to accelerate growth by exploring different market segments. The group plans to launch a new real estate company in Q3 2024 as part of its AED 50bn commitment to new real estate divisions targeting multiple market segments.
Amjad elaborated on OMNIYAT GROUP’s vision, saying, “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 growing real estate market with the uncompromising principle of ‘Best in class, in every class’ we address.”
Commitment to Excellence
OMNIYAT is committed to excellence by harnessing a global talent network. The OMNIYAT GROUP will drive transformative urban living changes, focusing on creating sustainable, innovative, and luxurious environments.
“Today, the announcement of OMNIYAT GROUP reinforces our mission to enhance the lives of our stakeholders, employees, clients, and their families. With an unwavering commitment to excellence, OMNIYAT GROUP will continually strive to elevate standards and curate experiences that improve life in every sector we engage in,” said Amjad.
A Real Estate Milestone
The launch of OMNIYAT GROUP marks a pivotal moment for both the company and Dubai’s real estate market. Aiming for a AED 100 billion portfolio over the next five years, OMNIYAT GROUP seeks to redefine the real estate landscape, setting new standards for luxury, innovation, and sustainability.
This strategic initiative coincides with the dynamic growth of Dubai’s real estate market. The company currently boasts a portfolio of iconic masterpieces such as The Opus, One at Palm Jumeirah, ORLA, and The Lana.
