• HSBC

Cityscape 2008 to Cityscape 2009: A year of delivery and progress for Omniyat

  • United Arab Emirates: Monday, October 05 - 2009 at 14:33
  • PRESS RELEASE

Omniyat, the Dubai-based real estate developer, welcomed crowds to its stand on the first day of Dubai Cityscape 2009.

This year marks the delivery of the developer's first three projects, the advancement of all launched projects and the launch of a new business entity.

In the face of an economic downturn, a carefully orchestrated consolidation and change in strategy afforded the developer one of its most productive years to date.

Since the close of last year's event, Omniyat has witnessed the completion of three iconic projects, One Business Bay, Bayswater and The Square. Over 1,000 superior quality units have been handed over, making Omniyat the first developer to complete and lease in Business Bay.

Omniyat kicked off 2009 with the groundbreaking of its eighth project, Octavian, and has since completed the piling and shoring works. Meanwhile, Omniyat is working closely with master developers on the progress of The Pad, The Binary, The Gemini and Octavian. The Opus, Omniyat's flagship project, is now being fast-tracked to completion, with major announcements to come by the month's end.

Earlier this year, Omniyat launched Omniyat Asset Management with its three business units offering strata management, facilities management and property services. The goal is to provide customers with a convenient and efficient way to capture and enhance the value of their investment, completing the company's real estate value chain.

"2009 has been a year of milestones for Omniyat. We have reached handover of our first three projects. We are committed to providing our customers with outstanding buildings, services and management solutions throughout the lifecycle of their relationship with our properties, which will maximize the return on their investment,"


Mehdi Amjad, Omniyat's Executive Chairman and CEO announced.

This year's stand at Cityscape offers visitors a look back at the successes of the past year, and sets the stage for another year of progress.
 
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Tariq Zuroub / Action UAE,
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