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OMNIYAT Raises $900M, Unveils Dubai's Luxury Real Estate Projects

10/9/2025

37 5 Full Breakdown

Summary

Amjad Redefines Real Estate

Mahdi Amjad, founder of OMNIYAT, aims to redefine Dubai's luxury real estate through new projects.
In 2025 OMNIYAT raised USD 900 million, signaling investor confidence.
Upcoming projects include LUMENA, a commercial tower in the Burj Khalifa District, and Marasi Bay Island.
LUMENA ALTA will be the tallest commercial building in Business Bay, with 720,000 sq ft of office space.

Summary

Amjad Launches LUMENA

OMNIYAT led by Mahdi Amjad will launch LUMENA ALTA, tallest commercial building in Business Bay with wellness features.
Dubai's Free Zone Mainland Operating Permit aims to boost business flexibility and cross-jurisdictional activity by 15-20%.
Nafas expands to Qatar, backed by Rigel Capital and Qatar Development Bank, targeting B2B and B2G, stressing culture and partnerships under innovation-friendly regulations addressing air pollution.

History

Historical Context

The Dubai real estate boom began in 2002 when Sheikh Mohammed bin Rashid Al Maktoum permitted foreign property ownership, leading to a price surge of over 50% by 2006. This transformation attracted global investors, exemplified by Mahdi Amjad's OMNIYAT raising USD 900 million in 2025, reflecting Dubai's ongoing strategy to enhance its luxury market and diversify its economy beyond oil reliance.

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Amjad Redefines Real Estate

Mahdi Amjad, founder of OMNIYAT, aims to redefine Dubai's luxury real estate through new projects.
In 2025 OMNIYAT raised USD 900 million, signaling investor confidence.
Upcoming projects include LUMENA, a commercial tower in the Burj Khalifa District, and Marasi Bay Island.
LUMENA ALTA will be the tallest commercial building in Business Bay, with 720,000 sq ft of office space.

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