OMNIYAT Raise $900 Million in Sukuk Issuances in 2025

OMNIYAT, a leading Dubai-based developer of ultra-luxury properties, has announced that it has raised $900 million in sukuk issuances in 2025.

The company announced the successful pricing of its $400 million sukuk, the second such issuance in the last five months, with a three-and-a-half-year maturity, marking its second issuance in less than six months.

In April this year, OMNIYAT priced its inaugural three-year green sukuk issuance, raising $500 million generating $1.8 billion in orders. This debut in the international debt capital markets reinforced OMNIYAT’s long-term commitment to sustainable development, financial strength, and global investor engagement.

The deal for the second issuance was completed on significantly improved terms compared to the previous issuance, reflecting the strong confidence investors have in the company’s creditworthiness and the strength and growth potential of Dubai’s luxury real estate sector.

This sukuk issuance is scheduled to be listed on the London Stock Exchange’s International Securities Market and Nasdaq Dubai, with trading commencing in the coming days.

The issuance attracted strong demand from both international and regional investors, with total subscription orders exceeding $1 billion at peak demand, closing at over $800 million, more than double the target issue size, a clear indication of the company’s significant investment appeal.

The 7.25% profit rate reflects a spread contraction of 112.5 basis points compared to OMNIYAT’s sukuk deal earlier this year, reflecting strong investor demand and growing confidence in its creditworthiness.

The company completed this transaction within an accelerated timeline and without the need for prior marketing campaigns, which confirms the company’s strong relationships with investors and its prestigious reputation in the market.

This new issuance contributes to extending the maturity of OMNIYAT’s debt beyond its existing sukuk maturing in 2028, as a result of the company’s focus on prudent financial management, which positions it for strong future growth.

Significant Step

OMNIYAT’s founder and CEO Mahdi Amjad said that issuing a second sukuk within just six months of their initial market entry, and on more favourable terms, represents a significant step forward for OMNIYAT, demonstrating the deep confidence global investors have in their vision, their commitment to the highest standards of governance, and the continued significant growth opportunities offered by Dubai’s ultra-luxury real estate market.

“The strong demand and improved pricing conditions reflect the market’s appreciation of the company’s ambitious development program and promising growth trajectory, enabling us to continue working diligently to successfully implement our strategy and achieve further exceptional achievements,” he added.

It may be recalled that these sukuks, which have been rated BB- with a stable outlook by Standard & Poor’s and Fitch Ratings, were issued under OMNIYAT Sukuk 1 Limited’s $2 billion sukuk certificate issuance program.

The success of this deal is the culmination of the company’s strong strategic and operational performance this year, which included a series of significant achievements.