OMNIYAT Properties, the visionary developer renowned for redefining ultra-luxury real estate, has solidified its leadership in Dubai’s exclusive property market by achieving AED 2.94 billion (over USD 800.2 million) in sales in 2024. According to Property Monitor, the UAE’s premier real estate intelligence platform, OMNIYAT captured an impressive 37% of transactions in the USD 10 million-plus residential segment, cementing its position as a dominant force in Dubai’s super-prime real estate market.
A Benchmark for Ultra-Luxury Living
OMNIYAT’s unrivaled performance in the super-prime category of properties valued above USD 10 million underscores Dubai’s status as the global hub for ultra-luxury living. The segment, representing the pinnacle of exclusivity, continues to attract the world’s wealthiest investors and connoisseurs of high-end living. With over two decades of visionary development and cutting-edge design, OMNIYAT has consistently set new standards for sophistication and innovation in real estate.
Market Leadership in Super-Prime Transactions
In 2024, OMNIYAT dominated Dubai’s real estate market for properties exceeding USD 10 million in both total sales value and transaction volume. Across the city’s most sought-after districts, including Palm Jumeirah and Business Bay/Downtown Dubai, OMNIYAT recorded exceptional results:
- Palm Jumeirah: AED 2.18 billion (USD 593 million) across 33 high-value transactions, securing a commanding 58.1% market share.
- Business Bay/Downtown Dubai: AED 758.3 million (USD 206.4 million) across 13 transactions, representing 43.5% of the segment’s sales in these elite urban districts.
Landmark Projects Driving Success
OMNIYAT’s success in 2024 was propelled by the outstanding performance of its flagship projects:
- ORLA Infinity, Dorchester Collection Dubai: All 20 ultra-luxury duplex residences were sold out by August 2024, generating AED 1.4 billion (USD 385.4 million) in sales. These exclusive off-plan properties became the most valuable on Palm Jumeirah, with a four-bedroom duplex reaching a staggering AED 10,000 per square foot, setting a new benchmark for luxury on the island.
- The Lana Residences, Dorchester Collection Dubai: The final penthouse was sold in May 2024 for AED 139 million (USD 37.8 million), setting a record for one of Dubai’s most prestigious developments.
These achievements affirm OMNIYAT’s status as the developer of choice for discerning buyers seeking the ultimate in design, exclusivity, and craftsmanship.
Shaping the Future of Ultra-Luxury Living
As OMNIYAT continues to shape the ultra-luxury real estate landscape, its unwavering commitment to innovation, artistry, and architectural excellence remains at the forefront. With new projects on the horizon, OMNIYAT is poised to redefine industry standards once again, setting the stage for a future where ultra-luxury living reaches unprecedented heights.
