OMNIYAT Dominates Dubai’s Ultra-Luxury Real Estate Market with AED 2.94 Billion in Sales
Dubai, UAE, Jan. 30, 2025 – OMNIYAT Properties, a pioneering developer renowned for its exceptional ultra-luxury real estate projects, has strengthened its position as a leader in Dubai’s high-end property market. In 2024, the company achieved AED 2.94 billion (over USD 800.2 million) in sales, securing a 37% share in the USD 10 million-plus residential segment, according to data from Property Monitor, the UAE’s leading real estate intelligence provider.
OMNIYAT’s success in this prestigious market segment underscores Dubai’s reputation as a global hub for luxury living. The demand for ultra-prime residences continues to attract elite investors and affluent buyers from around the world. With over two decades of expertise in creating visionary developments, OMNIYAT has cemented its status as a preferred developer in the super-prime real estate sector.
Unparalleled Market Dominance
Property Monitor data reveals that OMNIYAT led the market for transactions exceeding USD 10 million in 2024, outperforming competitors in both total sales value and the number of transactions. The company’s influence was particularly strong in two of Dubai’s most coveted locations—Palm Jumeirah and Business Bay/Downtown Dubai—where it secured a total of 46 high-value transactions, representing a commanding market share.
On Palm Jumeirah, OMNIYAT recorded AED 2.18 billion (USD 593 million) in sales across 33 transactions, capturing an impressive 58.1% market share. This further reinforces OMNIYAT’s standing as the premier developer in one of the world’s most exclusive residential destinations. Meanwhile, in Business Bay and Downtown Dubai, the company achieved AED 758.3 million (USD 206.4 million) in sales from 13 transactions, accounting for 43.5% of the market share in this ultra-luxury segment.
Record-Breaking Sales & Exclusive Developments
Several landmark projects contributed to OMNIYAT’s remarkable performance, including ORLA Infinity, Dorchester Collection, Dubai, where all 20 ultra-luxury duplex residences were completely sold out by August 2024, generating an outstanding AED 1.4 billion (USD 385.4 million) in sales. One of the four-bedroom luxury duplexes in ORLA Infinity set a new benchmark, reaching a value close to AED 10,000 per square foot, making it the most valuable off-plan property on Palm Jumeirah in 2024.
Another notable achievement was The Lana Residences, Dorchester Collection, Dubai, where OMNIYAT finalized the sale of its last penthouse in May 2024 for an unprecedented AED 139 million (USD 37.8 million). This record-breaking transaction further established OMNIYAT as the developer of choice for the ultra-luxury real estate market.
With a legacy of delivering architectural masterpieces that redefine luxury, OMNIYAT continues to set new standards in Dubai’s high-end residential sector. Its unwavering commitment to innovation, artistry, and exclusivity ensures that each development offers an unparalleled living experience for the world’s most discerning buyers.
