Omniyat Chairman Cites High Demand as UAE Property Market Remains Resilient

Omniyat Chairman and Founder Mahdi Amjad has confirmed the continued resilience of the UAE’s luxury real estate sector, citing high demand for ultra-prime assets despite global macroeconomic fluctuations. Speaking on the performance of the Dubai property market, Amjad noted that the city’s status as a global hub for wealth and investment continues to drive capital into high-end residential developments. Ultra-Luxury Segment Maintains Upward Trajectory The luxury segment remains a primary driver of growth in the Dubai market. Recent data from the Dubai Land Department (DLD) shows that the demand for properties valued above AED 10 million has reached record levels. Amjad highlighted that the scarcity of supply in prime waterfront and established luxury districts is sustaining price appreciation and investor interest from both local and international buyers. Omniyat, which specializes in the ultra-luxury niche, has focused its portfolio on limited-edition residential projects. These include The Lana and Orla, Dorchester Collection, Dubai. These developments reflect a broader market trend where buyers prioritize managed services and exclusive locations over mass-market inventory.…