Omniyat, a leading ultra-luxury real estate developer based in Dubai, has raised a total of $900 million in 2025 through two separate sukuk transactions. This includes a new $400 million sukuk, which marks the company’s second issuance in less than six months. The sukuk will be listed on the London Stock Exchange and Nasdaq Dubai, and its successful pricing demonstrates strong investor confidence in both the company and Dubai’s real estate market.
Details of the New Sukuk Issuance
The recent $400 million sukuk issuance was highly successful, with the orderbook peaking at over $1 billion, which is more than twice the size of the issuance itself. The sukuk has a profit rate of 7.25%, which is a significant improvement from Omniyat’s previous sukuk this year. This latest transaction, along with the $500 million green sukuk issued in May, brings the company’s total sukuk financing for the year to $900 million.
Strategic Momentum and Future Outlook
The article notes that this new issuance comes after a period of strong operational momentum for Omniyat. In June, the company launched and sold out its Lumena commercial tower for Dh3.4 billion and acquired Marasi Bay Island, further expanding its luxury waterfront portfolio. According to Mahdi Amjad, Omniyat’s founder, the successful issuance and improved pricing confirm the market’s recognition of the company’s growth and vision.
