OMNIYAT creates luxury real estate in Dubai, with a portfolio spanning residences, offices and mixed-use destinations. The company’s published portfolio includes projects in Business Bay, Palm Jumeirah and Marasi Bay.

Mahdi Amjad founded OMNIYAT in 2005 and serves as its Founder and Executive Chairman. The company presents design, hospitality and location as the shared themes across its residential and commercial work.

Current names in the portfolio include The Alba, AVA, ORLA, VELA, VELA Viento, The OPUS, The Lana and Lumena. Each project has its own sales programme, residence mix and delivery schedule; current details are published on OMNIYAT’s project pages.

In 2026, OMNIYAT’s newsroom published updates on ORLA, AVA, ENARA at Marasi Bay and Lumena. For the latest project information, visit the official OMNIYAT website or explore Lumena Offices on GRAF.

Dubai luxury residences, offices and mixed-use destinations

LuxuryBusiness BayPalm JumeirahResidencesOffices

Who owns OMNIYAT?

Omniyat Holdings Ltd is privately held. The base offering circular filed with the London Stock Exchange on 23 April 2025 states that Omniyat is wholly and beneficially owned by Mahdi Kadhim M. Jawad Amjad, its Founder and Executive Chairman, and that he held all of the company's outstanding share capital, directly or indirectly, as at 31 December 2024. The audited consolidated financial statements for 2025 name the same person as ultimate controlling party. The company was incorporated in the Cayman Islands on 31 July 2006 and works from Sheikh Zayed Road in Dubai. Its board has two members: Mahdi Amjad and Tony Manning. The shares are not listed on any exchange.

Source: Omniyat Sukuk 1 Limited — Base Offering Circular, London Stock Exchange, 23 April 2025 · Omniyat Holdings Ltd — audited consolidated financial statements, FY2025

Track record

Buildings that made the name

  1. 01 Bayswater 24-storey Business Bay office building with 293 offices, recorded by The National as the first office building handed over in Business Bay. 2010 completed
  2. 02 The Binary Business Bay office building of 21 storeys with 419 commercial units and 1,218 parking bays. 2015 completed
  3. 03 The OPUS by OMNIYAT Designed by Zaha Hadid Architects in the Burj Khalifa District; 84,300 sq m around an eight-storey void. Offices handed over from 2017, the 93-key hotel opened in 2020. 2020 completed
  4. 04 One at Palm Jumeirah 94 residences on the west crescent of Palm Jumeirah. Completion was announced on 17 February 2022 and the property is managed by Dorchester Collection. 2021 completed
  5. 05 The Sterling Two Business Bay towers, The Sterling East House and West House, with 409 apartments. 2023 completed
  6. 06 The Lana Marasi Bay Marina; 39 residences designed by Foster + Partners. The 225-room hotel opened on 1 February 2024 and is run by Dorchester Collection. 2024 completed

OMNIYAT track record: delivered and under construction

Projects delivered since 2010
Eleven
About 5.8 million sq ft, project value over AED 11.8bn, as at 31 December 2024
Projects under construction
Eight
673 units, about 3.4 million sq ft, AED 22.2bn estimated at completion
Completion window for those eight
2026–2028
As stated in the April 2025 offering circular
Land bank
12 million sq ft GFA
Company statement, 30 March 2026

Delivered Under construction

Delivered figures are the group's own, as at 31 December 2024, from the base offering circular filed with the London Stock Exchange.Under-construction figures come from the same document, as at 23 April 2025. The two counts are reported separately and are not added together.

Project Area Type Status Date
Bayswater Business Bay Office building, 293 units Delivered 2010
The Binary Business Bay Office building, 419 units Delivered 2015
The OPUS by OMNIYAT Burj Khalifa District Mixed use, 381 units and a 93-key hotel Delivered Offices 2017, hotel 2020
The Pad Business Bay Residential, 255 units Delivered 2020
Anwa Dubai Maritime City Residential, 234 units Delivered 2021
One at Palm Jumeirah Palm Jumeirah Residential, 94 units Delivered 2021
The Sterling Business Bay Two towers, 409 apartments Delivered 2023
The Lana Marasi Bay Marina Mixed use, 39 residences and a hotel Delivered Residences 2023, hotel 2024
AVA at Palm Jumeirah Palm Jumeirah Residential Under construction Due Q1 2026
ORLA Palm Jumeirah Residential Under construction Due Q4 2026
VELA Viento Marasi Bay Marina Residential Under construction Due Q4 2027
ENARA by OMNIYAT Marasi Bay Marina Commercial Under construction Due Q1 2028
The Alba Residences Palm Jumeirah Mixed use Under construction Due Q2 2028
LUMENA by OMNIYAT Business Bay Office tower, 47 levels, 260 m Under construction Due Q4 2029

Source: Omniyat Sukuk 1 Limited — Base Offering Circular, London Stock Exchange, 23 April 2025 · checked 20 August 2026

What OMNIYAT is known for

Delivered since 2010
11 projects, about 5.8 million sq ft
Under construction
8 projects, about 3.4 million sq ft
FY2025 revenue
AED 4.06bn, audited by Deloitte
Revenue backlog
AED 19.6bn at 31 December 2025
Public debt listing
Sukuk on Nasdaq Dubai and LSE ISM
Land bank
12 million sq ft GFA (March 2026)

Financials, FY2025

Revenue
AED 4.06bn (+150%)
Gross profit
AED 2.09bn (+169%)
Profit after tax
AED 1.17bn
Total assets
AED 21.28bn (2024: AED 12.82bn)
Total equity
AED 9.46bn
Revenue backlog at 31 December 2025
AED 19.6bn

Source: Omniyat Holdings Ltd — audited consolidated financial statements, year ended 31 December 2025, approved 11 February 2026

These results reflect a remarkable year of strong execution and disciplined financial management underpinned by robust demand across the different brands and segments in our portfolio.
Mahdi Amjad Founder and Executive Chairman, OMNIYAT OMNIYAT, 16 February 2026

Where OMNIYAT builds

Business BayApartments in Dubai

Current projects via GRAF

Lumena Offices — Business Bay

Lumena Offices

Business Bay

From See current availability

View project →

How OMNIYAT differs from other Dubai developers

OMNIYAT is a private company that files like a public one. Its owner is named in a document lodged with the London Stock Exchange, and its accounts are audited and published in full, which is unusual among privately held Dubai developers.

The owner is named in a filed document
The London Stock Exchange offering circular states that Omniyat is wholly and beneficially owned by its founder, Mahdi Amjad. Most private Dubai developers publish no ownership statement.
Audited accounts are published although the equity is private
Deloitte & Touche (M.E.) audited the 2025 consolidated statements, and the company puts the full document online.
The debt is listed even though the shares are not
Sukuk issued by Omniyat Sukuk 1 Limited trade on Nasdaq Dubai and the London Stock Exchange's International Securities Market.
A narrow, vertical portfolio
Eleven delivered projects over fifteen years, concentrated in Business Bay, Marasi Bay, Palm Jumeirah and Dubai Maritime City, rather than whole districts.
Offices as well as homes
The Binary, One by Omniyat, Bayswater, SZ-21, and now LUMENA and ENARA are commercial buildings, and commercial sales are reported separately.
A shared controlling shareholder with BEYOND
Both are under the common control of the founder, and the group holds an 18.39% effective shareholding in Beyond.
Why GRAF recommends OMNIYAT

OMNIYAT suits a buyer who wants the owner and the delivery record to be checkable against filed documents rather than a brochure, inside a narrow ultra-luxury portfolio on Palm Jumeirah, at Marasi Bay and in Business Bay.

What the record shows
  1. The ownership answer is filed, not inferredThe offering circular of 23 April 2025 names the sole beneficial owner, and the audited 2025 accounts name the same ultimate controlling party.
  2. Delivered and under-construction work is itemisedEleven delivered projects and eight under construction are listed one by one, with square footage, unit counts and value, and the two counts are kept apart.
  3. The accounts are openFY2025 revenue of AED 4.06bn, profit after tax of AED 1.17bn and total assets of AED 21.28bn can be read in the audited statements themselves.
What to check before signing
  1. Which entity signs the SPAEvery project runs through its own SPV. The group's stake in a project company can change over the project's life while control stays with the group, so confirm the company named on the contract.
  2. The completion date against the current project pageAVA at Palm Jumeirah was listed as due Q1 2026 in the offering circular and was still described as approaching handover in April 2026. Read the current date, not the filed one.
  3. What the hotel brand is contracted to doIn every published source Dorchester Collection manages the hotel or the residence services. The developer is OMNIYAT.

GRAF editorial team

OMNIYAT — frequently asked questions

Who owns OMNIYAT?

Omniyat Holdings Ltd is wholly and beneficially owned by its founder, Mahdi Kadhim M. Jawad Amjad, according to the base offering circular filed with the London Stock Exchange on 23 April 2025. The same document records that he held all of the outstanding share capital as at 31 December 2024, and the audited 2025 accounts name him as ultimate controlling party.

Source: Omniyat Sukuk 1 Limited — Base Offering Circular, 23 April 2025

When was OMNIYAT founded and where is it registered?

The company dates its founding to 2005. The holding entity, Omniyat Holdings Ltd, was incorporated in the Cayman Islands on 31 July 2006 under registration number MC-171777, and its principal place of business is SZ-21 by Omniyat on Sheikh Zayed Road in Dubai.

Source: Omniyat Holdings Ltd — audited consolidated financial statements, FY2025

How many projects has OMNIYAT delivered?

Eleven projects were delivered as at 31 December 2024, about 5.8 million square feet with a total project value of more than AED 11.8 billion. Eight further projects were under construction as at April 2025, about 3.4 million square feet, due between 2026 and 2028. The two counts are reported separately.

Source: Omniyat Sukuk 1 Limited — Base Offering Circular, 23 April 2025

Did OMNIYAT build The OPUS?

OMNIYAT developed The OPUS in the Burj Khalifa District. Zaha Hadid Architects records the client as Omniyat Properties LLC and completion in 2020. The building covers 84,300 square metres, offices were handed over from 2017 and the 93-key ME Dubai hotel opened in 2020.

Source: Zaha Hadid Architects — Opus

Is Dorchester Collection a partner in OMNIYAT's projects?

Dorchester Collection manages the hotel and the residence services. Its own media centre describes The Lana as conceptualised and managed on behalf of Dubai-based developers OMNIYAT, and One at Palm Jumeirah is likewise managed by the brand. OMNIYAT is the developer in every published source.

Source: Dorchester Collection — The Lana, Dubai now open, 1 February 2024

Does OMNIYAT publish financial results?

Yes. Omniyat Holdings Ltd publishes Deloitte-audited consolidated financial statements. For 2025 it reported revenue of AED 4.06 billion, gross profit of AED 2.09 billion, profit after tax of AED 1.17 billion and total assets of AED 21.28 billion, with a revenue backlog of AED 19.6 billion.

Source: OMNIYAT — FY2025 results, 16 February 2026

Where does OMNIYAT build?

Business Bay and Marasi Bay Marina in the Burj Khalifa District, Palm Jumeirah, Dubai Maritime City, Sheikh Zayed Road and Al Mamzar. The company operates Marasi Bay Marina and acquired Marasi Bay Island in 2025.

Source: OMNIYAT — portfolio

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Official sources
Official websiteOMNIYAT — official siteOMNIYAT — InstagramOMNIYAT — XOMNIYAT — YouTubeOmniyat Sukuk 1 Limited — Base Offering Circular, London Stock Exchange
About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us

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