Dubai’s ultra-luxury real estate market continues to captivate global investors, cementing its reputation as a hub for exclusive living experiences. Among the key players, OMNIYAT Properties has emerged as a dominant force, achieving remarkable sales milestones across iconic locations such as Palm Jumeirah, Business Bay, and Downtown Dubai.
On the world-renowned Palm Jumeirah, OMNIYAT Properties recorded an extraordinary $2.28 billion in sales through 35 high-value transactions. This achievement translates to a commanding 57% market share, solidifying its leadership in one of the most coveted addresses globally.
Competitors like Select Group (12.4%), Nakheel (10.9%), and Kerzner (6.4%) are also making waves with super-prime developments that attract a discerning international clientele. These competitors underscore the dynamic and competitive nature of the ultra-luxury market on Palm Jumeirah.
In the bustling districts of Business Bay and Downtown Dubai, OMNIYAT secured $758.3 million in sales from 13 transactions, capturing 44% of the market share. Rival developers such as Haus & Haus (18.4%), Emaar (9.3%), and Binghatti (8.6%) are steadily gaining ground in this vibrant market.
Emaar, with its legacy of iconic developments, remains a formidable player, while emerging names like Kappa Acca further illustrate the sector’s vibrancy and potential for growth.
The sustained growth of Dubai’s ultra-luxury residential sector highlights the emirate’s enduring appeal to global investors. Key factors such as a safe and stable environment, strategic location, and world-class infrastructure have made Dubai a magnet for high-net-worth individuals seeking opulent living experiences.
OMNIYAT Properties’ commitment to redefining luxury has set a high benchmark in the market. Among its standout achievements:
While OMNIYAT leads the charge, other developers such as Meraas, Select Group, and AHS Properties are shaping the ultra-luxury landscape with diverse offerings. This healthy competition ensures a variety of choices for buyers, catering to different tastes and preferences.
Dubai’s ultra-luxury segment continues to thrive, reflecting the emirate’s ambition to blend architectural innovation with unmatched lifestyle experiences. As the market evolves, collaborations among leading developers could further elevate the standards of exclusivity and opulence
While OMNIYAT leads the charge, other developers such as Meraas, Select Group, and AHS Properties are shaping the ultra-luxury landscape with diverse offerings. This healthy competition ensures a variety of choices for buyers, catering to different tastes and preferences.
As competition intensifies, one thing is clear: Dubai will continue to capture the world’s imagination with its ever-evolving luxury landscape and unwavering commitment to excellence.
WhatsApp us