Overview & History
Omniyat Properties is a privately held real estate investment and development company, headquartered in Dubai, United Arab Emirates.
The company grew out of Almasa Holdings, a group of IT hard- and software related companies, founded in 1995 by the Dubai based entrepreneur Mehdi Amjad and his Kuwait based partner Esmail Janathi. Over the years Almasa Holdings has built a highly successful track record, with an annual turnover of over US $ 400 million in 2006. The group of companies is currently employing approx. 400 people.
It’s first real estate projects were successfully implemented in 2000 in Iran and the United Kingdom. Based on their success and the attractive potential of the regional real estate market, Almasa’s founding shareholders decided to form a dedicated real estate company “Omniyat Properties” in 2005. One year later the company employed more than 100 professionals and manages projects valued at approx. US $ 3.0 billion. These include several large-scale, first-class iconic projects designed by world-leading architects and supported by other international, best-in-class Consultants. The Omniyat team is dedicated to building value for all our shareholders, partners and clients through creative solutions and highly skilled, professionals with international and local backgrounds and connections.
The impressive growth of the group’s companies is based on sound business planning, a hands-on management style and high profitability results. As the initial companies continue to grow, more complementary businesses will be added.
