OMNIYAT Group is targeting a Dh200 billion portfolio by 2030, doubling its previous five-year target, with current portfolio at Dh11.7bn and revenue backlog at Dh6.1bn.
June 17, 2026 | Riya Malhotra | UAE | Developer
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OMNIYAT Group, the Dubai-based developer led by Founder and Executive Chairman Mahdi Amjad, has announced a new portfolio target of more than Dh200 billion by 2030, effectively doubling the Dh100 billion five-year target the group set in June 2024.
The upgraded ambition reflects a sharp acceleration in OMNIYAT Group's growth trajectory and signals continued conviction in the structural strength of Dubai's ultra-luxury and wider-luxury real estate market, even as monthly transaction volumes across the broader market have moderated through 2026.
OMNIYAT Group's portfolio currently stands at approximately USD 11.7 billion, according to recent statements from Mahdi Amjad, a figure roughly equivalent to Dh43 billion. The group's revenue backlog has reached USD 6.1 billion, representing more than five times the group's 2025 revenue and providing clear forward visibility across the next five years.
The group has also demonstrated significant capital-markets credibility over the past 18 months. OMNIYAT raised USD 900 million across two debt issuances in 2025, a USD 500 million green Sukuk in May 2025, followed by a USD 400 million issuance in September 2025. The second issuance was reportedly more than twice oversubscribed, with pricing improving compared to the debut, a signal of strengthening investor confidence in OMNIYAT's pipeline and execution discipline.
OMNIYAT Group operates as a multi-brand portfolio that has evolved meaningfully since its 2024 corporate restructuring. The group now includes three principal entities: OMNIYAT (the original ultra-luxury developer founded in 2005, with flagship projects including The Opus, One at Palm Jumeirah, and The Lana Dorchester Collection); BEYOND (the group's wider-luxury developer, launched in 2024); and Corven Asset Management.
The diversified structure is central to the Dh200 billion target. Where OMNIYAT focuses on ultra-luxury at the top tier of the market, BEYOND addresses the wider luxury segment, opening the group to a meaningfully larger buyer base while maintaining the design-led, architecturally distinctive positioning that anchors the wider brand.
A critical component of the upgraded target is the group's 11 million square feet flagship development in partnership with Dubai Maritime City. Of that total, 8 million square feet is dedicated to BEYOND projects, with the remaining 3 million square feet allocated across other group divisions.
The Maritime City project is one of the largest single-developer commitments OMNIYAT Group has made, and its phased delivery through 2026, 2027, and beyond will form a significant share of the gross development value that underpins the Dh200 billion target.
Three factors support the doubling of the previous Dh100 billion ambition.
First, sustained pricing power in Dubai's ultra-luxury segment. Recent transactions including the Dh1 billion+ in cumulative Naïa Island plot sales and the AED 1.1 billion AHS Properties Shangri-La acquisition signal that ultra-prime and luxury commercial real estate continues to attract structurally higher values year on year.
Second, scale through diversification. The launch of BEYOND in 2024 effectively gave OMNIYAT Group access to a segment of the Dubai luxury market it had previously been outside, a segment several times larger than the ultra-luxury tier alone.
Third, capital-markets access. The successful USD 900 million in 2025 debt issuances demonstrated that OMNIYAT Group can fund continued expansion through international debt markets at competitive pricing, meaning the constraint on growth is increasingly opportunity identification rather than capital availability.
For UAE real estate professionals, the OMNIYAT Group target carries three implications.
For brokers and asset managers focused on luxury and ultra-luxury segments, the trajectory points to sustained pipeline density. OMNIYAT and BEYOND have multiple major projects in active delivery, meaning sales mandates, off-plan inventory, and resale opportunities are likely to continue compounding through the decade.
For competing developers, the doubling of OMNIYAT Group's target signals that Dubai's luxury segment is supporting genuine balance-sheet growth at the largest developer scale, not just sales velocity. Expect responses from other tier-one luxury developers seeking to defend or expand their positioning.
For institutional investors and capital allocators, OMNIYAT Group's ability to combine private development equity with international debt-market access positions it among a small group of UAE real estate developers operating at near-institutional financial scale.
Sources: OMNIYAT Group's revised portfolio target of more than Dh200 billion by 2030, as reported by The National (15 June 2026); supporting statements from Mahdi Amjad, Founder and Executive Chairman, OMNIYAT Group, including current portfolio value of USD 11.7 billion and revenue backlog of USD 6.1 billion via his recent public communications and corporate statements; the previous Dh100 billion five-year portfolio target announced in June 2024 referenced from Construction Week Middle East and Zawya; the 2025 capital-raising history (USD 500 million green Sukuk in May 2025; USD 400 million issuance in September 2025) referenced from Entrepreneur Middle East coverage; group structure details (OMNIYAT, BEYOND, Corven Asset Management) and the 11 million sq ft Maritime City flagship referenced from OMNIYAT Group's corporate communications; flagship project portfolio (The Opus, One at Palm Jumeirah, The Lana Dorchester Collection) via Forbes interview material and OMNIYAT corporate communications.
