Omniyat acquires Marasi Bay Island in the Burj Khalifa District
Omniyat, a leading developer in Dubai's ultra-luxury real estate sector, has acquired Marasi Bay Island, a reclamation project to be developed into a lifestyle destination with the first beach club in Burj Khalifa District. The island will complement Omniyat's ambitious ultra-luxury ecosystem for UHNWIs now taking shape.
Complementing Marasi Bay Island, Omniyat unveils additional amenities along the south side of Marasi Bay as a continuation of its vision to redefine waterfront living.
Connecting urban living to the sea, Marasi Bay Marina, operated by Omniyat, offers berths for superyachts, an exclusive Yacht Club, tender boat service, jetty lounges for boat owners and The Lana Hotel guests, and the Signature Pavillion, a 10,000 square feet retail and events space set over the water. The south waterfront promenade will combine public and resident-only facilities, including a padel court, children's play area, running track and an art trail.
Exclusive for Omniyat residents, Sunset Park, a 30,000-sq ft private floating island, will be the beating heart of Marasi Bay's green spaces, linked by the waterfront promenade. A place for wellness, leisure, and community, it features picnic lawns, private dining spaces with a chef's kitchen and BBQ, flexible indoor areas for work and events, and specialized spaces. Residents can also avail a private jetty drop-off.
Within this curated ecosystem lies a residential portfolio that complements the masterplan, including VELA Viento, Dorchester Collection, Dubai.
Omniyat has reimagined Marasi Bay with signature properties such as The Lana Hotel and Residences, Dorchester Collection, Dubai, inaugurated in Q1 2024. Designed by Foster + Partners, The Lana is Dorchester Collection's first hotel in the Middle East, also boasting the region's first Dior Spa. The sale of The Lana Residences penthouse set new records as the most expensive property sold in the Burj Khalifa District in May 2024.
Mahdi Amjad, founder and executive chairman of Omniyat, said: 'We are reshaping Marasi Bay into Dubai's definitive ultra-luxury waterfront destination. Marasi Bay Island is another jewel in its crown, complementing this luxurious ecosystem with exceptional waterfront experiences. Alongside the island, the newly unveiled amenities on the south side of the bay, further enrich the lifestyle offering for Omniyat residents and guests. Designed to be an exclusive ecosystem for global citizens, Marasi Bay is transforming a former commercial district into a highly desirable, vibrant and extraordinary UNHW community.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
14 minutes ago
- Zawya
World's first MANSORY Residences launched with Amaal in Dubai
Dubai, UAE – Amaal, the visionary Emirati-founded real estate developer, has officially launched its landmark partnership with automotive design icon MANSORY to co-create the MANSORY Residences, an ultra-luxury residential tower in Dubai. This collaboration marks MANSORY's first global venture into real estate and architectural design, introducing a new chapter for this renowned brand within the world of high-end living. Valued at AED 1.8 billion, the project reflects both design ambition and market demand for collectable, design-led properties. Set within Mohammed Bin Rashid City as part of the prestigious Meydan Horizon masterplan, MANSORY Residences will stand tall across 48 floors with a total built-up area of almost 142,800 sqm, offering an exclusive blend of MANSORY's signature design elements in its interiors from the lobby and bespoke amenities, to VIP parking experiences. The residences will range from one- to three-bedroom layouts and 8 full-floor penthouse residences. The project is currently in advanced design planning and is scheduled for completion in Q4 2028. 'This partnership marks a bold step forward in redefining the standards of luxury living in the UAE,' said Abdulla Lahej, Chairman of Amaal. 'By partnering with MANSORY, we are bringing a living experience that truly resonates with today's high-net-worth buyers. Dubai's luxury property market continues to thrive, with $1.9 billion in sales recorded in Q1 2025 alone, and MANSORY Residences will meet this growing demand for design-led, collectable real estate. This is just the beginning of an exciting journey, and we look forward to unveiling what's to come.' Designed in collaboration with MANSORY, the interiors merge high-performance aesthetics with elevated residential comfort. Precision detailing and sculptural forms evoke the fluid lines of luxury vehicles, while layered lighting and bespoke material choices, including leather-wrapped furnishings, brushed metals, and custom wood finishes, create a distinct sensory experience. Kitchens integrate concealed mechanisms for streamlined functionality, and bedrooms are shaped by upholstered accents and refined textures. The result is a uniquely crafted space that blends innovation, elegance, and the high standard of MANSORY's design philosophy. Kourosh Mansory, Founder of MANSORY, commented: 'This project represents a milestone for our brand. Collaborating with Amaal allows us to bring our signature design philosophy into a new space shaped by their approach to luxury. It's where engineering excellence meets artful living; a softer, residential expression of the bold, distinctive craftsmanship that has defined MANSORY for decades. Our shared vision is to deliver an elevated lifestyle where every detail, from materials to ambience, reflects precision craftsmanship and individuality. This project will set a new global benchmark for bespoke living in one of the world's most dynamic cities.' Amaal and MANSORY have created a suite of world-class amenities across three levels, designed to offer residents a lifestyle of comfort, wellness, and high-performance living. A curated selection of premium retail outlets brings convenience to residents' doorsteps. They can access padel courts and mini golf experiences, indoor and outdoor gyms, a yoga studio, separate spa areas for men and women, two infinity pools, an indoor cinema, and dedicated play areas for children. Community zones include exclusive MANSORY lounges, a spacious terrace, creative workspaces, an outdoor multipurpose area, restaurants, and multiple open-air dining zones. The development also includes eight floors of dedicated parking amenities, with two floors reserved for VIP, showroom-style display, and an integrated car elevator ensures seamless access. Exclusive vehicle well-keeping services offer owners peace of mind and pristine care for their prized cars, adding to the automotive-inspired luxury lifestyle. For the modern homeowner, MANSORY Residences will integrate advanced smart home and automation technologies throughout the tower. Residents will benefit from seamless control over lighting, climate, security, and even parking, designed to enhance convenience, energy efficiency, and daily living. Beyond the architecture, MANSORY Residences merges design innovation, elite collaboration, and timeless value into a single address. With the UAE now home to 130,500 dollar millionaires and ranked as the 14th largest wealth market globally, real estate remains a preferred vehicle for wealth preservation. For discerning investors, MANSORY Residences is both a lifestyle asset and a future-proof investment. Apartments at MANSORY Residences are now available for sale. For more information, visit: About Amaal Amaal is an innovative real estate developer powered by the expertise of Ayana Holding. With a commitment to redefining modern living in the UAE, Amaal focuses on crafting residential masterpieces that blend sophistication with modern elegance. Led by Chairman Abdulla Lahej, the company leverages innovative designs, sustainable building practices, and the latest technological advancements to create unique, vibrant communities. Amaal is dedicated to exceeding the expectations of investors and residents alike, setting new benchmarks in the luxury real estate market. About MANSORY MANSORY is a world-renowned leader in high-end vehicle individualisation, specialising in the refinement and customisation of luxury automobiles. Founded in 1989 by Kourosh Mansory, the company draws on a deep passion for tradition, craftsmanship, and sophisticated technology, initially focusing on iconic British brands such as Rolls-Royce, Bentley, and Aston Martin. Today, MANSORY's expertise extends to the individualisation of prestigious marques including Porsche, Lotus, Maserati, BMW, Mercedes-Benz, McLaren, Lamborghini, and Ferrari. With headquarters in Brand, Germany, and a global presence that includes a flagship showroom and workshop in Dubai, MANSORY offers a comprehensive range of services-from complete vehicle conversions and carbon aerodynamic components to ultra-light aluminium rims, powerful engine upgrades, and bespoke interior fittings. The exclusive "MANSORY Bespoke" programme enables the creation of unique, tailor-made vehicles, fulfilling the most discerning automotive desires of its clientele.
Zawya
14 minutes ago
- Zawya
Parkin's IPO recognised as Best Privatisation in EMEA
Parkin Company PJSC ('Parkin' or 'the Company'), the largest provider of paid public parking facilities and services in Dubai, has been awarded Best Privatisation in EMEA, at the 2025 EMEA Finance Achievement Awards in London. The annual awards ceremony recognises standout transactions and institutions shaping capital markets across Europe, the Middle East and Africa. The award celebrates Parkin's successful evolution from a government department into a high-performing and profitable listed infrastructure business. The carve-out process and subsequent public-to-private transition in March 2024 resulted in record oversubscription levels achieved on the Dubai Financial Market, with interest from high-quality local, regional and international investors generating AED 259 billion in total demand (US$71 billion), implying an oversubscription level of 165x. The recognition by EMEA Finance magazine reinforces Parkin's position as the benchmark for successful privatisation in the region, reflecting Dubai's leadership in developing investable and future-ready infrastructure platforms. The Best Privatisation in EMEA award follows last month's Best MENA IPO accolade from Euromoney, further enhancing Parkin's growing reputation for excellence in the transportation industry. Eng. Mohamed Abdulla Al Ali, CEO of Parkin, commented: 'Winning Best Privatisation in EMEA is a proud moment for both Parkin and Dubai. From the outset, our goal was to deliver a privatisation that set a new regional benchmark in transaction structure, investor interest and long-term value creation. The response to our IPO was extraordinary and what we have achieved since listing reflects the strength of our capex-light, cash-generative business model, our post-privatisation strategy and the ambitions of our team. This award is a testament not only to our success but also to Dubai's leadership in shaping innovative, world-class mobility infrastructure, demonstrating its ability to attract global investors through visionary privatisation initiatives.' About Parkin Company PJSC With a unique blend of operational excellence, technological know-how and enforcement capability spanning almost three decades, Parkin Company PJSC is the largest provider of paid public parking facilities and services in the Emirate of Dubai, with a portfolio of approximately 206k paid parking spaces, as at year end 2024. Parkin has a dominant position in relation to Dubai's on and off-street paid public parking market and a leading share of the overall paid parking market. Under a 49-year Concession Agreement with Dubai's Roads and Transport Authority (RTA), Parkin has the exclusive right to operate a portfolio of public on and off-street parking (c.184k spaces) as well as public multi-storey car parking facilities (c.3k spaces). Parkin also operates certain developer-owned parking facilities through partnership agreements across the Emirate (c.19k spaces) and provides barrierless, ticketless on behalf of Majid Al Futtaim across two malls. Additional revenue streams include enforcement, the issuance of seasonal permits, parking reservations and other commercial activities. By deploying state of the art digital payment solutions and intelligent parking management systems that utilise artificial intelligence and big data analysis, Parkin's customers successfully conducted 132m parking transactions in 2024. Dubai's parking operations were established in 1995 under the Dubai Municipality, before becoming part of the RTA in 2005. In December 2023, Parkin Company PJSC was established through the issuance of Law No. 30 of 2023, successfully completing its initial public offering (IPO) on the Dubai Financial Market in March 2024.
Zawya
14 minutes ago
- Zawya
American Property Exhibition 2025 will take UAE developers to the $110.83trln US real estate market
Organised in partnership with Dubai Land Department, APEX 2025 will be held at the Miami Convention Centre from September 15-17, 2025 where UAE developers could network with more than 3,000 visitors, buyers, investors and brokers UAE to invest up to US1.4 trillion in the US economy in the next 10 years; Foreigners bought 54,300 properties, worth US$42 billion in the US from April 2023 through March 2024; The US real estate market value is project at US$110.83 trillion in 2025; Major UAE developers are planning to develop properties across major US cities. Dubai, UAE: UAE developers are eyeing the lucrative US$110.83 trillion real estate market in the United States while more than 100 real estate exhibitors from 15 countries including UAE are going to participate at the 2nd edition of America Property Exhibition, Summit and Gala Awards that will take place at the Miami Convention Centre from September 15-17, 2025. Organised by MIE Events, an international events organiser, and supported by Dubai Land Department, the 2nd America Property Exhibition (APEX) will see major UAE real estate developers; brokers and investors participate in the three-day event that will also focus on the cross-border investment in real estate and construction sector worldwide. The APEX takes place a few months after the UAE's recent announcement of investment outlay of US$1.4 trillion in US economy in the next ten years in various sectors like AI infrastructure, semiconductors, energy, housing and American manufacturing. 'The total value of the U.S. housing market is approaching US$50 trillion, having added $3.1 trillion in value over the past year. This represents a 6.6 percent rise compared to June 2023 and is more than double the value of a decade ago. Residential real estate is expected to be the dominant segment of the US real estate market, with a projected market volume of US$110.83 trillion in 2025,' said a recent report by Statista, a global market intelligence provider. Foreign investment in U.S. real estate surpassed US$1.2 trillion in the last 15 years, according to a report published by The Regulatory Review. Foreign buyers purchased 54,300 properties, worth US$42 billion from April 2023 through March 2024, according to the US National Association of Realtors (NAR). Foreign buyers who resided in the U.S. as recent immigrants or who were holding visas that allowed them to live in the U.S. purchased US$22.6 billion worth of U.S. existing homes, representing 54 percent of the dollar volume of purchases. Foreign buyers who lived abroad purchased US$19.4 billion worth of existing homes, accounting for 46 percent of the dollar volume. International buyers accounted for 2 percent of the US$2.1 trillion in total annual US existing-home sales during that period. Florida remained the top destination for foreign buyers, accounting for 20 percent of all international purchases. Texas (13%) and California (11%) were second and third, respectively, followed by Arizona (5%), Georgia, New Jersey, New York and North Carolina (4% each), NAR said. Inventory in Miami-Dade County, which includes one of the most expensive metro markets in Florida and the country, rose by over 43 percent in April compared to the same month a year earlier, according to data from Miami Realtors. This surge in for-sale homes could be a telltale sign of an impending cooldown in Miami-Dade's housing market, even as prices continue to rise in the county at a rate five times faster than the national level, according to Redfin data. Americans are one of the top ten foreign investors in the UAE's real estate market. APEX will attract more US investors and property buyers to buy properties in the UAE. APEX 2025 takes place at a time when several UAE developers have announced major foray in expanding into the US market, with a focus on developing homes, offices, mixed-use communities and data centers. Damac Group is investing heavily in US data centers, while IGO, MAG Group, Mulk Holding, Dar Global and Sobha Realty are targeting the luxury real estate sector, in different parts of the United States, especially in Texas. Sobha Realty has earlier announced developing 8 to 10 projects in the United States. Most successful UAE and GCC developers will also see their officials win prestigious awards that will be announced after rigorous judging process to be overseen by panel of esteemed judges. More than 3,000 professional realtors are expected to attend the three-day event in which more than 100 global real estate projects will be showcased where 150 experts and speakers will offer their insights and more than 100 VIP buyers will attend to invest in the projects that will be showcased at the APEX 2025 Exhibition and Conference. 'APEX is designed to be the leading international real estate platform in the U.S., promoting global investment, innovation, and partnerships in the property sector and we are delighted to announce the dates for the 2nd APEX this September, following our successful first edition held last year,' Zahoor Ahmed, Vice-President for Strategy and Partnerships at MIE Events, says. 'We are also happy to announce our partnership with the Dubai Land Department which has lent its strong support to the event that is expected to attract investment from the North American markets to the UAE's property market in the coming years. This way, APEX is going to play a crucial role in strengthening the US-UAE economic partnership.' Participants at the APEX includes global and regional real estate developers, government authorities and land departments, investors, brokers, and consultants, PropTech and ClimateTech companies, ambassadors, ministries, trade bodies, etc. Exhibitors and delegations from at least 15 countries will participate. Confirmed country pavilions include the UAE, Pakistan, Turkey, Ghana, Egypt, Portugal, Morocco, India, Kenya, OECS, and Hong Kong. 'We encourage all participants to apply early and submit complete documentation and visa purposes. Our team is ready to assist further as needed, including trying to fast-track visa application and appointment process through our partners in the United States,' Zahoor Ahmed says. The 3-day APEX Summit agenda covers a number of important topics including Miami market outlook, Africa-focused YORA Summit, smart cities, and youth innovation, PropTech, AI, and sustainable development, Global investment flows and multi-family real estate,, among other important issues. The APEX Awards programme will recognise leadership and innovation in a number of criteria. To qualify, exhibitors must have at least a 24 square metres exhibition stand. Final nominations close on July 31, 2025. The final jury panel members will include representatives from leading real estate entities and key institutions such as the Dubai Land Department (DLD). APEX is officially supported by the Office of the Mayor of Miami Beach, Greater Miami Convention and Visitors Bureau, City of Miami, which will provide crucial support to international event organisers, participants in administration and fast-tracking of the visa appointment process. About APEX 2025 America Property Exhibition (APEX) 2025 is a major business event that brings investors, real estate developers and brokers from all over the world to network, promote, invest and showcase the best-in-class properties in different parts of the world while addressing industry issues of utmost importance are being discussed for policy advocacy and a gala industry awards ceremony that recognizes the best performers in real estate industry. APEX is more than just an exhibition, it's a platform for international property leaders, investors, and innovators to connect, promote projects, and explore market trends. With its strategic location in Miami and strong global participation, APEX offers unmatched visibility and networking opportunities. Web : Linked-In : Instagram :
