--- title: "Omniyat" canonical: https://www.uaepropertyagents.com/developers/omniyat markdown: https://www.uaepropertyagents.com/md/developers/omniyat.md type: developer description: "Dubai's best-known ultra-luxury developer: The Opus, One at Palm Jumeirah and The Lana, mostly managed by Dorchester Collection." last_verified: 2026-11-12 sources: 5 publisher: "UAE Property Agents (Omnia)" language: en-GB usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting." --- # Omniyat: developer profile > Dubai's best-known ultra-luxury developer: The Opus, One at Palm Jumeirah and The Lana, mostly managed by Dorchester Collection. Facts last verified 12 November 2026 against the sources listed at the end. ## Key facts | Fact | Value | | --- | --- | | Legal name | OMNIYAT Holdings Ltd | | Founded | 2005 | | Headquarters | Dubai, UAE | | Ownership | Privately held; founded and chaired by Mahdi Amjad. Its sukuk are listed in London and on Nasdaq Dubai. | | Website | https://www.omniyat.com | | Market segment | ultra luxury | | Builds in | Dubai | | Developments covered | 0 | | Founded | 2005 | | Revenue, 2025 | AED 4.1 billion | | Revenue backlog, end 2025 | AED 19.6 billion | | Development pipeline (March 2026) | USD 11.7 billion | | Expected sukuk rating | BB- (S&P and Fitch) | ## Overview Omniyat was founded in 2005 by Mahdi Amjad, who remains founder and executive chairman. It builds a small number of very expensive buildings. The company describes its territory as apartments and offices priced above USD 5 million, designed with architects such as Zaha Hadid and Norman Foster, and several of its residences are managed by the hotel group Dorchester Collection. It puts its portfolio at 18 buildings across three destinations. The names are the calling card: The Opus, One at Palm Jumeirah, and The Lana at Marasi Bay. Current residential projects include Orla and AVA on Palm Jumeirah, Vela and Vela Viento at Marasi Bay, and The Alba. It has also moved into top-end offices with Enara, a tower at Marasi Bay that the company says is fully sold; Dutco was appointed main contractor in February 2026. Omniyat is private, but it borrows in the public bond market and therefore discloses more than most. It issued a USD 500 million green sukuk (Islamic bond) in May 2025, USD 400 million in September 2025 and USD 600 million of five-year paper at 7.25% in February 2026, with an expected rating of BB- from S&P and Fitch. For 2025 it reported revenue of AED 4.1 billion, net profit of AED 1.2 billion and a revenue backlog of AED 19.6 billion. In March 2026 it described its USD 11.7 billion pipeline as fully funded and on schedule, with sales of USD 729 million in the year to that date. Since 2024 the group has also sold under a second, lower-priced brand, [Beyond Developments](https://www.uaepropertyagents.com/developers/beyond), which is expanding much faster and in different locations. Beyond's results sit within the same group. Omniyat does not publish standard payment plans. At this level terms are set per building and often per buyer. ## Strengths - A record of completed landmark buildings, including The Opus, One at Palm Jumeirah and The Lana. - Management partnership with Dorchester Collection on several of its residences. - Publishes audited results because of its listed sukuk: AED 4.1 billion revenue and AED 1.2 billion net profit for 2025. - Said in March 2026 that every launched project was funded to completion, with existing sales covering development costs. - Prime plots on Palm Jumeirah and at Marasi Bay in the Burj Khalifa district. ## Considerations for buyers - Its bonds are rated BB-, below investment grade, and it raised USD 1.5 billion of sukuk between May 2025 and February 2026. The business carries meaningful debt. - The ultra-prime market is small. Dubai recorded about 500 home sales above USD 10 million in 2025, so resale can take time and depends on a few buyers. - Much of the current portfolio is still under construction (Orla, Vela, AVA, The Alba, Enara). Handover dates lie ahead and should be taken from the sale agreement. - Service charges in hotel-managed buildings are high. Ask for the budget and the terms of the management agreement. - The group's fortunes are now tied to Beyond Developments as well, a young brand with large launches in Dubai and Ras Al Khaimah. ## Notable completed projects - The Opus - One at Palm Jumeirah - The Lana ## Questions and answers ### Is Omniyat a reliable developer? Omniyat has completed some of Dubai's most recognisable buildings, including The Opus, One at Palm Jumeirah and The Lana. It publishes audited results and said in March 2026 that all launched projects were funded to completion. It is rated BB-, below investment grade, and has borrowed heavily through sukuk since 2025. Its buyers are few and wealthy, so the main risk for a purchaser is usually resale liquidity, not construction. ### What is the relationship between Omniyat and Beyond Developments? Beyond Developments is a brand of Omniyat Group. Omniyat's own material describes Beyond as its wider luxury offering, and both are chaired by founder Mahdi Amjad. Omniyat keeps to ultra-luxury buildings; Beyond sells larger volumes at lower prices in districts such as Dubai Maritime City and Dubai Islands. ### Where does Omniyat build? In Dubai, on a few prime sites: Palm Jumeirah (One at Palm Jumeirah, Orla, AVA), and Marasi Bay in the Burj Khalifa district (The Lana, Vela, Enara). The Opus is its best-known commercial and mixed-use building. ### Who manages Omniyat buildings after handover? Several of its residences are managed by Dorchester Collection, the hotel group. Confirm the operator and the length of the management agreement for the specific building, and ask for the service charge budget. ## Sources Facts on this page were last checked against these sources on 12 November 2026. - [Omniyat: about](https://www.omniyat.com/about/) - [Omniyat: prices USD 600 million 5-year sukuk at 7.25% (26 February 2026)](https://www.omniyat.com/news/omniyat-successfully-prices-usd-600-million-5-year-sukuk-at-7-25) - [Omniyat: fully funded USD 11.7 billion portfolio (30 March 2026)](https://www.omniyat.com/news/omniyat-reinforces-delivery-focus-with-a-fully-funded-usd11-7b-portfolio) - [Gulf Construction: Omniyat awards main works contract for Enara (18 February 2026)](https://gulfconstructiononline.com/ArticleTA/389422) - [Beyond Developments: about us](http://beyonddevelopments.ae/about-us/) --- Source page: https://www.uaepropertyagents.com/developers/omniyat. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.