Dubai’s Omniyat Group to launch new 'large-scale project' in Abu Dhabi | The Inside Brief

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The Omniyat Group aims to double its property portfolio to more than Dh200 billion ($54.4 billion) by 2030 and is looking to launch a new “large-scale project” in Abu Dhabi, amid continued economic momentum in the emirate. The company currently has a portfolio of between Dh100 billion and Dh120 billion, including landbanks and projects under construction worth Dh54 billion, executive chairman Mahdi Amjad, who is also the company's founder, told The National. The company, which recorded total group sales of Dh20 billion last year, is “witnessing short-term reduction in sales", as a result of the Iran war. But that has "no impact to our planning and on our portfolio", with construction in full swing at all of its projects, he added. 01:08 Taking stock of the conflict’s impact 12:19 Why Abu Dhabi is the next focus 17:35 Why the UAE remains underleveraged 26:46 Backing the UAE leadership’s vision 36:20 Omniyat’s AI transformation 40:39 Curating a luxury lifestyle ecosystem All the latest news: https://www.thenationalnews.com Like us on Facebook: https://www.facebook.com/TheNationalNews Follow us on X: https://twitter.com/TheNationalNews Follow us on Instagram: https://www.instagram.com/thenationalnews.com/ Follow us on LinkedIn: https://www.linkedin.com/company/thenationalnews