OMNIYAT Properties has solidified its position as a leader in Dubai’s ultra-luxury real estate market, securing AED2.94 billion ($800.4 million) in sales for 2024. According to Property Monitor, a UAE-based real estate market intelligence firm, the developer captured 37% of transactions in the exclusive $10 million-plus residential category.

According to Economy Middle East, the company achieved record-breaking results in key areas, including Palm Jumeirah, Downtown Dubai, and Business Bay. On Palm Jumeirah alone, OMNIYAT recorded AED2.18 billion ($593 million) in sales across 33 transactions, accounting for 58.1% of the market share in the area. In Downtown Dubai and Business Bay, the company secured AED758.3 million ($206.4 million) from 13 deals, representing 43.5% of the market.

Landmark projects such as ORLA Infinity and The Lana Residences played a key role in OMNIYAT’s success. In 2024, all 20 duplex residences at ORLA Infinity were sold out, generating AED1.4 billion ($385.4 million) in sales. The development also set a record on Palm Jumeirah with one ultra-luxury unit valued at nearly AED10,000 per square foot. Meanwhile, The Lana Residences achieved a milestone with the sale of its final penthouse for AED139 million ($37.8 million).

Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, shared his thoughts on the company’s achievements through Economy Middle East, stating that their success reflects a two-decade commitment to creating exceptional living spaces. He added that Dubai’s evolving real estate market continues to attract global investors seeking exclusivity, with the ultra-luxury segment representing the pinnacle of this demand.

OMNIYAT’s accomplishments in 2024 reaffirm its reputation as the go-to developer for ultra-luxury properties, blending architectural innovation, artistry, and refined living.