Omniyat Real Estate

Omniyat is a private developer operating in the Dubai market since 2005. The enterprise is part of the Omniyat Holdings group of companies, which is involved in designing, building and managing residential, commercial, and hospitality properties. The company was founded by businessman Mahdi Amjad, who had previously succeeded in creating the largest IT distributor in the Middle East and North Africa, Almassa Group, and received the prestigious Young Global Leader 2008 leadership award from Ernst & Young.

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Before the global economic crisis of 2008-2013 reached the UAE, the company had completed the construction of a large residential complex called The Square in the Deira area and two high-rise office buildings in Business Bay. The subsequent stagnation in the real estate market forced the company to pause or abandon several projects, redirect funds into the hospitality industry, and focus on joint construction. The well-chosen strategy allowed Omniyat to successfully weather the crisis and triumphantly return to the market with the flagship project The Opus - an architectural masterpiece by the world-renowned architect Zaha Hadid. Additionally, Omniyat has established a partnership with the premium hotel brand Dorchester Collection, launching construction of a series of branded residential properties with five-star service.

Although Omniyat projects planned before or during the crisis were significantly delayed (from 4 to 10 years), the situation has noticeably improved in recent years. In 2021-2022, the company successfully completed three residential complexes and launched three new projects. Projects under the Dorchester Collection brand are particularly popular: three out of the five complexes were completely sold out before completion, and 60% of the apartments in the fourth complex were sold before construction even began.

A brief description of all completed and current projects can be found on the official website, but the company does not publish information on the progress of construction, and brochures and other documentation are only provided upon request.

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Company's Largest Projects

The Opus

Omniyat's flagship project is the unique complex The Opus, which has become a new architectural landmark in Business Bay. The 21-story building amazes with its shape resembling a melting ice cube with a void in the middle, seamless mirrored facades, original night lighting, and futuristic interior spaces.

The complex includes the ME Dubai by Meliá designer hotel, exclusive offices, retail spaces, exquisite restaurants, and 96 ultra-luxurious serviced residences located on the upper floors and separated from the hotel. The collection of residential properties includes fully-furnished 1-3 bedroom apartments and duplex penthouses with a separate entrance, private pool, rooftop terrace, and barbecue area.

Interior design was personally developed by Zaha Hadid and stands out for its unusual shapes, transformable elements, clean lines, and virtuoso use of decorative lighting. The complex includes a gym, spa center, and an outdoor pool with jacuzzi and tropical-style cabins, while the service from the well-known hotel brand Meliá includes round-the-clock concierge and parking services, as well as a wide range of on-demand services.

a new architectural landmark in Business Bay
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ROI in this area reaches 6.7%

The Opus is conveniently located between Downtown Dubai and Dubai Water Canal, which means both the promenade and popular city center locations are within walking distance. Numerous tourists and business people working in the Business Bay office centers create a constant demand for rental and property purchases in this area, providing an ROI of up to 6.7%. The apartments in The Opus have every chance of attracting a wealthy audience, thanks to the unique status of the architectural object, designer interiors with all the necessary equipment, a favorable location, and first-class service.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

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36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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