Omniyat Group Unveils Ambitious Corporate Restructure with $27 Billion Portfolio Target
Published 2 years ago
In a significant move that underscores its commitment to redefining the real estate landscape in Dubai and the wider region, Omniyat Group has announced a new corporate structure aimed at propelling the company towards an ambitious portfolio target of AED100 billion ($27 billion) over the next five years. This strategic milestone marks a pivotal moment in Omniyat’s journey, reflecting its continued dedication to innovation, excellence, and growth in the ultra-luxury real estate segment.
A Visionary Journey Since 2005
Founded in 2005 by Executive Chairman Mahdi Amjad, Omniyat Group has consistently been at the forefront of the Dubai real estate market, known for creating unique living experiences and setting new benchmarks in the industry. Over the past 19 years, Omniyat has distinguished itself by delivering iconic projects characterized by their design, innovation, and artistry, transforming Dubai’s skyline and elevating the standards of real estate development.
Amjad’s vision was clear from the outset: to achieve the unprecedented in Dubai’s real estate sector. Reflecting on the Group’s journey, he 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.”
Strategic Diversification and Expansion
Omniyat’s strategic diversification policy has been a cornerstone of its success, enabling the Group to expand into new market segments and adapt to evolving market demands. This policy has laid the foundation for Omniyat’s ambitious plans, which include the launch of a new real estate company in Q3 2024. This new venture is part of a broader commitment to invest AED50 billion in new real estate divisions targeting multiple market segments, thereby enhancing the Group’s market presence and catering to a diverse range of real estate needs.
In his comments on the Group’s future plans, Amjad emphasized the importance of addressing different segments of the UAE’s burgeoning real estate market with an uncompromising principle of “Best in class, in every class.” He noted, “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.”
Commitment to Excellence and Innovation
At the heart of Omniyat’s corporate philosophy is an unwavering commitment to excellence. The Group aims to continuously raise standards and curate exceptional living experiences that improve the quality of life for all stakeholders, including employees, clients, and their families. This commitment is reflected in Omniyat’s bold vision to be “the best in class, in every class,” a mantra that guides its operations across various sectors.
As Amjad eloquently 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.”
The unveiling of Omniyat Group’s new corporate structure and its ambitious portfolio target of AED100 billion marks a new chapter in the company’s illustrious history. With a steadfast commitment to innovation, excellence, and strategic growth, Omniyat is poised to continue its transformative impact on Dubai’s real estate landscape, delivering unparalleled value and experiences to its clients and stakeholders. As the Group embarks on this exciting new phase, it remains dedicated to its mission of elevating the standards of real estate development and contributing to a better life and environment for all.