After Omniyat burst onto the Dubai real estate development scene in 2005, it nearly fell into total obscurity during the Global Financial Crisis as several of its projects were halted or canceled.
However, instead of giving up, Omniyat retooled its strategy and has reemerged as one of Dubai’s best property developers.
Omniyat’s CEO, Mahdi Amjad, has wisely guided his company out of recession and into the future of Dubai’s property market. In his strategy, Amjad has focused on capitalizing on the demand for “off-plan” development and on diversifying into the hospitality industry.
In the past year, Omniyat hit numerous major milestones that cemented its status as a top Dubai developer. The company completed two major developments – the Opus and the Pad – and is well on its way to finishing a handful of luxury projects due for completion in 2020.
If Omniyat’s rebound into the Dubai real estate development market doesn’t have you convinced of the company’s prowess, its financing speaks for itself. Omniyat receives extensive support from local banks and its financing requirements are covered for the next few years.
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