Omniyat Properties leads Dubai’s ultra-luxury market sales of $10m-plus apartments

Omniyat Properties has solidified its leadership position in Dubai’s ultra-luxury market, achieving Dh2.94 billion in sales in 2024. According to data from real estate technology and market intelligence provider Property Monitor, Omniyat Properties captured more than one-third (37 per cent) of the transactions in the $10-million-plus residential segment.

The super-prime category of apartments valued over $10m (Dh36.7 million) represents the pinnacle of exclusivity, attracting the world’s most affluent investors and connoisseurs of fine living. The demand for such apartments reflects Dubai’s status as the global capital of ultra-luxury living.

According to Property Monitor, Omniyat Properties led Dubai’s real estate market in transactions over $10 million in 2024, in terms of both total sales value and the number of transactions. It also dominated ultra-luxury real estate transactions in the key districts of Business Bay/Downtown, and Palm Jumeirah, with a record-breaking total of Dh2.94 billion in sales across 46 transactions, securing a 37 per cent share in the segment.

On Palm Jumeirah, Omniyat Properties achieved Dh2.18 billion in sales across 33 high-value transactions, commanding a 58.1 per cent market share and reinforcing its reputation as the preferred developer in a globally sought-after address. Similarly, in Business Bay and Downtown Dubai, it recorded Dh758.3 million in sales from 13 transactions, capturing 43.5 per cent of the market share in these elite urban districts.

Driving Omniyat’s success were its landmark projects such as Orla Infinity, Dorchester Collection, Dubai, where all 20 ultra-luxury duplex residences were sold out by August 2024, generating Dh1.4 billion in sales. With the final sale, the exclusive off-plan properties in Orla Infinity became the most valuable on The Palm Jumeirah in 2024, as a four-bedroom uber-luxury duplex reached a value of almost Dh10,000 per square foot, according to Property Monitor data.

Similarly with The Lana Residences, Dorchester Collection Dubai, Omniyat Properties sold its final penthouse for a record-breaking Dh139 million last May, becoming the undisputed developer of choice for ultra-luxury properties. These achievements cement Omniyat’s leadership in creating living experiences that blend architectural innovation, artistry, and luxury.

“For more than two decades, Omniyat Properties has been a pioneer in curating elevated lifestyle experiences,” says Mahdi Amjad, Founder and Executive Chairman of Omniyat. “We're gratified to see Dubai's market attracting the discerning individuals we envisioned as our community. Our continued success and track record reflect the trust and satisfaction of our customers, who share our vision of refined living. There could be no better endorsement for us.

“As Dubai’s real estate market continues to evolve as a magnet for global investors seeking exclusive living experiences, the $10-million-plus segment represents the pinnacle of this evolution. Our vision has always been to craft masterpieces that offer exceptional living experiences. We have delivered on this promise, firmly establishing Omniyat Properties as the developer of choice for the world’s most discerning clientele.”

– In association with Omniyat Properties