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Omniyat Dubai Luxury Market: more than AED 100 billion investment plan and market expansion strategy
Jun 26, 2024
by Internet
  • Luxury Real Estate
  • Dubai Real Estate
  • luxury real estate
  • Real estate investment
  • real estate expansion
Abstract : Omniyat, a leading developer in Dubai's luxury real estate market, has unveiled ambitious plans to invest over 100 billion dirhams in expanding its project portfolio over the next five years. Renowned for its distinctive projects and high-quality architecture such as The Opus, One at Palm Jumeirah, ORLA, and The Lana, Omniyat aims to solidify its market dominance in Dubai.

Mahdi Amjad, Founder and CEO of Omniyat, revealed that the company's current investment portfolio stands at 40 billion dirhams. Omniyat plans to launch two new high-end projects later this year with a total investment of 10 billion dirhams. These new developments are expected to further enhance Omniyat's leading position in Dubai's luxury real estate sector, offering clients more choices and cutting-edge lifestyle experiences.


In addition to expanding its luxury portfolio, Omniyat is diversifying its market coverage by entering the affordable housing and mid-market segments. This strategic shift will enable Omniyat to serve a broader spectrum of clients, catering to diverse housing needs across Dubai.


"Our goal is not only to expand the scale of our investment portfolio but also to elevate standards in Dubai's real estate market through innovation and quality," stated Mr. Amjad. "We remain committed to introducing new technologies and design concepts that inject creativity and charm into Dubai's skyline."


khaleejtimes.com


Omniyat's expansion strategy includes organic and inorganic growth in the commercial and hospitality sectors. The company plans to invest across the entire real estate value chain, including services, building materials, construction, and hospitality, ensuring comprehensive competitiveness and sustainable development in the market.


Looking ahead, Omniyat plans to consider issuing its first bonds next year to finance its expansion plans and capitalize on growing market opportunities. The company also aims to strengthen its market share within the UAE and explore opportunities in other Gulf Cooperation Council countries, particularly the high-demand market of Saudi Arabia.


"We are confident in our future growth prospects, particularly in markets like Dubai, the UAE, and Saudi Arabia. These markets not only possess immense growth potential but also continue to see rising demand for high-quality real estate," added Mr. Amjad.


Omniyat's mission is to redefine Dubai's urban landscape through unique designs, innovative architectural concepts, and artistic projects. As a key player in Dubai's real estate sector, Omniyat is dedicated to setting new benchmarks in the global luxury real estate market, offering world-class residential and investment opportunities to its clients.

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