Omniyat Properties confirms delivery of all launched projects

With nine projects underway, at a value of over Dhs13bn, Omniyat Properties will deliver all projects over three years, at the rate of three per year.

Peter Walichnowski, Chief Executive Officer said,

"Construction is on track for all of Omniyat's launched projects and Omniyat is firmly committed to our delivery timelines. The executive management and development team have visited six sites this week and we were very pleased with the progress. The first three projects - One Business Bay, Bayswater and The Square - will be completed by April 2009. The second batch of three projects, namely The Pad, Binary and Gemini, will be delivered by 2010. The Octavian, The Opus and Beachfront Living will be delivered by 2011."

"This reflects our faith in the Dubai market and in Omniyat's position. The company is well placed to weather the prevailing market conditions, remain strong, clear and focused on our core product and customers' needs by delivering outstanding real estate projects which offer superior commercial and residential lifestyles," he added.

Mehdi Amjad, Executive Chairman of Omniyat Properties said: "2009 will be a milestone year for us, as we will turn our iconic projects into reality and deliver the ultimate Omniyat experience. Be it a commercial, mixed use or residential project, each will embody Omniyat's unifying values: to enhance the way one interacts with their environment and truly live the future. Every project will have Omniyat's seal of quality, providing superior lifestyle offerings which inspire and provide healthy and efficient environments."

A long-held imperative of the company is customer care and Omniyat is further enhancing its Customer Relations and Property Handover departments.

It will recruit new staff for these units in the first quarter of next year as well as officially launch Omniyat Asset Management.

This company will provide customers with a turn-key solution, incorporating Strata Management, Facilities Management, Property Management, Residential and Commercial Leasing and Brokerage services.

These activities signal Omniyat's readiness to provide a holistic service and add value to its investors and tenants alike.