Dubai-based property developer OMNIYAT Holdings has issued a market update confirming it held liquidity of over AED5.3 billion ($1.4 billion) in cash, cash equivalents and other financial assets as at December 31, 2025.
Of that total, AED2.7 billion ($726 million) comprised unrestricted corporate liquidity not subject to project escrow or regulatory ring-fencing. That figure has since been bolstered by a AED2.2 billion ($600 million) Sukuk issuance completed in March 2026.
The company stated that its unrestricted liquidity alone covers its next debt maturity – a $500 million Sukuk due in 2028 – with no reliance on new property sales, buyer collections, refinancing or additional capital markets activity.
OMNIYAT Holdings confirms $11.7 billion portfolio fully funded amid regional uncertainty
“Our financial position is strong and straightforward: more than USD 1 billion in unrestricted liquidity against a next maturity of USD 500 million in 2028. That gives us more than sufficient liquidity for our corporate obligations. We have over USD 6 billion in revenue secured from the sales we have already contracted – equivalent to more than five times of FY2025 revenue. Our entire USD 11.7 billion development portfolio is funded from existing resources. The UAE leadership has a very strong resilience track record, absorbing the impacts of various regional or global situations, adapting the country’s policy response and resetting for recovery and renewed growth and advancement. Whilst the current situation may understandably introduce short term uncertainty, we are confident that the core fundamentals remain unchanged. We continue to be aligned and supportive of the national leadership. We continue to build. Our certificate holders trusted us with their capital. I am personally conducting direct engagement with them this week to communicate these data-led business fundamentals which have not changed,”
The company has no material short-term maturities. Following three Sukuk issuances totalling USD 1.5 billion, its debt maturity profile now extends to 2031.
OMNIYAT said its internal stress testing indicated that coverage of its FY2028 and FY2029 Sukuk maturities remains more than sufficiently covered even under a scenario described by the company as “severe.”
OMNIYAT’s launched development portfolio carries a gross development value of $11.7 billion. The portfolio is spread across OMNIYAT-branded residential projects (43 per cent), Beyond-branded residential projects (26 per cent) and commercial projects (31 per cent).
Locations include Palm Jumeirah, Marasi Marina, Dubai Maritime City, Dubai Islands and Sheikh Zayed Road. The company confirmed that all launched projects are fully funded to completion and proceeding in line with approved schedules, with existing sales providing 2.3x cost cover across the portfolio.
Based on preliminary and unaudited year-to-date 2026 figures, the revenue backlog has grown to $6.1 billion, following over $729 million of additional sales recorded so far this year. The company said the backlog provides revenue visibility of more than five years of FY2025 revenue.
Construction is continuing across all sites. The company reported that AVA has topped out, Orla has reached level-14 slabs across all three towers, Aria has completed its structural works, and The Mural has commenced main works.
OMNIYAT said its project execution framework classifies all active projects as green and that no corporate cash injection has been required at project level.
The company added that it continues to work with tier-one contractors and that alternative logistics routes via Sohar, Fujairah and Jebel Ali are established and operational. No material supply chain disruption has been reported.
The company reported that there have been no purchase cancellations since the onset of what it described as “recent regional uncertainty.” Year-to-date sales reached over $729 million on a preliminary and unaudited basis, while collections totalled $415 million (over AED 1.5 billion), in line with management expectations.
OMNIYAT said its buyer base comprises global ultra-high-net-worth individuals who typically do not rely on leverage to complete transactions, which the company said supports resilience during periods of short-term sentiment volatility.
Between 2021 and 2025, OMNIYAT accounted for approximately 23 per cent of transactions valued at $10 million or above in Dubai.
OMNIYAT operates principally within the UAE, whose sovereign credit ratings were reaffirmed at AA/Stable by S&P during the current period of regional uncertainty.
OMNIYAT said it will continue to monitor developments and provide further updates as required.
