Nasdaq Dubai has officially welcomed a USD 500 million Green Sukuk issued by OMNIYAT, a prominent real estate developer based in Dubai. This three-year Sukuk is set to mature on 6 May 2028 and was issued as part of a USD 1 billion Trust Certificate Issuance Programme, with a profit rate of 8.375%. The proceeds...
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...