In the ultra-luxury apartment segment valued at over USD 10 million, OMNIYAT Properties achieved 46 transactions, capturing a 37% market share.
Strengthening its position as the preferred developer in Dubai’s most prestigious locations, OMNIYAT secured a commanding 58.1% market share on Palm Jumeirah, with AED 2.18 billion in sales across 33 high-value transactions.
In the heart of Dubai, OMNIYAT recorded AED 758.3 million in sales through 13 transactions in Business Bay and Downtown Dubai, representing 43.5% of the market share for USD 10 million-plus apartments.
OMNIYAT Properties, the visionary developer behind some of the world’s most iconic ultra-luxury real estate projects, solidified its leadership in Dubai’s high-end market in 2024 with AED 2.94 billion (over USD 800.2 million) in total sales. According to Property Monitor, Dubai’s leading real estate market intelligence provider, OMNIYAT captured 37% of transactions in the USD 10 million-plus residential segment, reaffirming its dominance in this niche market.
OMNIYAT’s exceptional performance in the super-prime segment highlights Dubai’s status as a global capital for ultra-luxury living. This segment, characterized by unparalleled exclusivity, continues to attract affluent investors and connoisseurs of fine living. OMNIYAT’s two decades of visionary development and sophisticated design have cemented its leadership in this market.
According to Property Monitor, OMNIYAT led Dubai’s 2024 real estate market in both total sales value and transaction volume for properties exceeding USD 10 million. The company dominated key areas, including Business Bay/Downtown Dubai and Palm Jumeirah, with a record-breaking AED 2.94 billion in sales across 46 transactions, securing a 37% market share in this exclusive segment.
On Palm Jumeirah, OMNIYAT achieved AED 2.18 billion (USD 593 million) in sales from 33 high-value transactions, representing a 58.1% market share and reinforcing its reputation as the premier developer in this iconic address. In Business Bay and Downtown Dubai, OMNIYAT recorded AED 758.3 million (USD 206.4 million) in sales from 13 transactions, capturing 43.5% of the market share in these elite districts.
OMNIYAT’s success was driven by landmark projects such as ORLA Infinity, Dorchester Collection, Dubai, where all 20 ultra-luxury duplex residences were sold by August 2024, generating AED 1.4 billion (USD 385.4 million) in sales. With the final sale, ORLA Infinity became the most valuable off-plan project on Palm Jumeirah in 2024, with a four-bedroom duplex reaching nearly AED 10,000 per square foot, as per Property Monitor data. Similarly, at The Lana Residences, Dorchester Collection Dubai, the final penthouse sold for AED 139 million (USD 37.8 million) in May 2024, further establishing OMNIYAT as the top developer in ultra-luxury real estate.
Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, stated: “For over two decades, OMNIYAT Properties has pioneered elevated lifestyle experiences. It’s rewarding to see Dubai’s market attracting the sophisticated clientele we envisioned. Our success reflects the trust of our customers, who share our vision for refined living. As Dubai continues to attract global investors seeking exclusive living experiences, the USD 10 million-plus segment exemplifies this evolution. Our mission has always been to create masterpieces that redefine luxury living, and we’ve consistently delivered on that promise, securing our position as the developer of choice for the world’s most discerning buyers.”
OMNIYAT remains committed to redefining ultra-luxury living with innovative projects that continue to set industry benchmarks. For more information on OMNIYAT’s portfolio and contributions to Dubai’s real estate market, visit www.omniyat.com.
About OMNIYAT
OMNIYAT is a pioneering Dubai-based developer shaping the city’s aesthetic, cultural, and economic landscape. Through its philosophy of “The Art of Elevation,” the company combines ultra-luxury and curated living to deliver bespoke residential, hospitality, and retail spaces.
OMNIYAT’s commitment to pushing the artistic boundaries of design and craftsmanship has resulted in iconic projects such as The Opus, One at Palm Jumeirah, ORLA, and The Lana.
