Omniyat set to unveil 3 mega-projects worth over AED 3.5 billion at Cityscape Global 2014

Omniyat set to unveil 3 mega-projects worth over AED 3.5 billion at Cityscape Global 2014

The projects are all strategically located and designed to surpass all expectation in design and living experience, says Mahdi Amjad

Dubai, UAE, 15 September 2014: Omniyat, a leading development group in the Middle East, is set to launch three distinguished mega-projects worth AED xx billion at Cityscape Global 2014 which will be held from September 21 to 23 September at the Dubai International Convention and Exhibition Centre.

The group’s prime showpiece at the event will be will ‘One at Palm Jumeirah’, a landmark joint project  in collaboration with Drake & Scull International; while the other two prestigious projects will be located on prime plots in Dubai.

Mr. Mahdi Amjad, Executive Chairman and CEO of the Omniyat group, said: “All three projects boast outstanding locations - on The Palm Jumeirah, Dubai Maritime City and Downtown Dubai, as we believe that location holds the key in Dubai’s highly competitive real estate market, supported by innovation and quality, all three of which are hallmarks of Omniyat projects. Our focus now is to offer excellent residential options to suit all those interested in the rapidly growing real estate industry in Dubai.”

All three projects boast unique and distinguished features that will represent a further value addition to Dubai’s real estate market.

The group will exclusively showcase the design of One at Palm Jumeirah in a private room at the Omniyat stand. The project is a global collaborative effort involving Soma of New York, Super Potato of Japan and Vladimir of Lebanon. The building will offer 360-degree breathtaking views, with apartment sizes ranging from 2,500 to 20,000 square feet. The enabling works are due to commence within two months.

“One at Palm represents a major milestone in Omniyat’s history. Our previous iconic projects like The Opus and The Pad generated overwhelming response at the international level. We are pleased to say that these new projects will surpass the luxury standards we have set so far,” said Amjad.

“Every project we launch has a story to tell and an experience to be lived,” added Amjad. “Our aim is to continuously set new benchmarks and surpass all expectations. This is what keeps us excited and that’s how we continue to attract the best talents in the industry.”

He added: “Our project in Dubai Maritime City will be conceived as an imposing landmark that will be Omniyat’s gift to visitors approaching Dubai by sea; while the third project will be a spectacular twin tower in Downtown Dubai in the vicinity of The Dubai Mall.”

“The unveiling of these three upscale projects will signify our dominant presence in Cityscape Global and we are positive that they will generate massive interest from investors and end-users, including our loyal customers,” added Amjad.

Omniyat’s projects can be viewed at Cityscape Global 2014 at its stand 6D30 in Hall 6 at the Dubai International Convention and Exhibition Centre.

Omniyat applauds HH Sheikh Mohammed’s directive streamlining hotel investment and development in Dubai

Omniyat applauds HH Sheikh Mohammed’s directive streamlining hotel investment and development in Dubai

Mahdi Amjad: “Sheikh Mohammed’s directive will further boost direct investment in Emirate’s tourism”

Dubai, UAE, 27 January 2014: Omniyat Group, the leading real estate development company in the UAE, has hailed the directive of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, outlining measures for boosting and streamlining hotel investment and development in Dubai, and described it as a pivotal move that will dramatically boost tourism growth ahead of Expo 2020.

Mahdi Amjad, Omniyat's Executive Chairman and CEO: “In light of the emirate’s 2020 vision to treble the annual contribution made by tourism to the economy as well as recording a two-fold increase in tourist arrivals to Dubai, the measures announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will further boost the investment environment and spur demand for price range accommodation. Moreover, we, at Omniyat, believe that this initiative will further motivate the private sector to increase investments in the tourism sector, and ultimately contribute to bringing greater maturity and global standards to the sector.”

Dubai is continuously attracting more international brands keen to launch five, four and three-star hotels, and this is set to add to the capacity of the booming tourism industry in the run-up to the Expo.

Omniyat recently announced two leading hotel brands that will enrich the UAE’s robust hotel scene and plans to announce a third one in 2014.

Further, Omniyat launched a new design for The Opus at the end of 2013, positioned it as an international icon that will include the ‘ME’ Dubai hotel as well as luxury hotel apartments designed by Zaha Hadid. The company is currently discussing with global hotel operators the modalities for managing The Pad tower, which is an artistic edifice tilted at 6.5 degrees and will include the first ‘Pad’ branded hotel in the world.

UAE property market to grow further in 2014, thanks to Expo 2020

UAE property market to grow further in 2014, thanks to Expo 2020

Steps like regulation of holiday homes and Central Bank’s new mortgage rules will continue to strengthen the real estate industry, says Omniyat’s chief

Dubai, UAE, 14 December 2013: Omniyat Group, the leading real estate development company in the UAE, says that a combination of factors will trigger higher growth for the real estate industry in Dubai during 2014. The factors include Dubai’s successful bid to host Expo 2020 and the recent real estate legislations.

The company added that the international recognition of the country across different sectors is also providing a major boost to the flourishing real estate sector, the most recent of which was the selection of Dubai as the second best sports city in the world for 2013.

“Dubai’s successful bid for hosting Expo 2020 proved to the world that the Emirate in particular and the UAE in general is a leading economic, tourism, construction and commercial hub,” said Mahdi Amjad, Omniyat's Executive Chairman and CEO. “Dubai, because of its distinguished skyscrapers, ports, hotels, exhibitions and malls, attracts hordes of tourists, investors and visitors from all over the world.It has emerged as a key global player that commands undisputed international recognition and status.”

Amjad added: “We felt the impact of the Expo 2020 win on the real estate sector from the first minute the results were announced.”

Amjad said that the introduction of mature legislations, such as regulation of the holiday homes market in Dubai and implementation of Central Bank’s new mortgage rules as of December 2013, along with the Dubai Land Department decision to double the transfer fees on property sales, will go a long way in sustaining the growth of the UAE real estate sector and introducing greater transparency.

The real estate sector has widely welcomed these steps as they seek to protect the rights of all stakeholders and they are expected to further strengthen the real estate industry in the UAE as well as protect other sectors like banking and mortgage.

Amjad said that a key positive of the new Central Bank’s mortgage rules is that it differentiates between end-users and investors, urging for further fine-tuning of mortgage rules that target overseas buyers to ease their purchases and regulate them. This would boost demand, thus motivating developers to increase supply.

Amjad said that beside the Expo 2020 bid success, other recent feathers in Dubai’s cap were the awarding of the 7th International Sports Event Management (ISEM), ranking Dubai as the second best sporting city behind London.  The city was ahead of Oakland, Manchester, Dusseldorf, Johannesburg, Istanbul, Sydney and others.

Amjad concluded: “This global recognition of Dubai’s sporting prowess will be a major pillar in the further development of the real estate industry.”