Strong investor demand underscores developer’s sustainable finance strategy.
OMNIYAT, Dubai’s premier ultra-luxury real estate developer, has made a landmark debut on the international debt capital markets with the successful listing of its first green sukuk on Nasdaq Dubai. The $500 million Islamic bond, carrying a three-year tenor and a profit rate of 8.375%, signals OMNIYAT’s deepening commitment to sustainable growth and responsible investment practices.
The issuance was met with exceptional interest, drawing orders worth $1.8 billion—3.6 times the offering size—reflecting growing investor appetite for high-quality, ESG-aligned financial instruments. The sukuk was priced at a spread of 461.7 basis points over the 3-year US Treasury yield.
Proceeds from the sukuk will be allocated in accordance with OMNIYAT’s Green Financing Framework, which is fully aligned with the ICMA Green Bond Principles 2021. The funds will support projects that meet strict environmental sustainability criteria, including eco-conscious developments and energy-efficient infrastructure.
Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, marked the occasion by ringing the market-opening bell at Nasdaq Dubai. "Today’s listing is more than a financial milestone—it’s a reflection of our belief that luxury and sustainability can coexist,” Amjad said. “The strong market response confirms the trust investors place in our long-term vision and our ability to deliver exceptional results with positive environmental impact.”
Amjad also praised Nasdaq Dubai’s role as a global platform for capital raising: “This exchange offers the visibility, transparency, and connectivity we need to engage meaningfully with both regional and international investors. We’re grateful for their support in bringing this green sukuk to market.”
OMNIYAT’s debut green sukuk follows the company's recent credit ratings of ‘BB-’ with a stable outlook from both S&P Global and Fitch Ratings—demonstrating confidence in the developer’s financial stability and strategic direction.
Known for its portfolio of iconic developments in prime locations such as Palm Jumeirah and Business Bay, OMNIYAT continues to attract ultra-high-net-worth individuals seeking bespoke, design-led real estate. With the successful green sukuk issuance, the company strengthens not only its capital structure but also its alignment with global sustainability goals.
This milestone also contributes to Dubai’s growing status as a hub for sustainable finance in the region, bolstering the emirate’s long-term economic diversification and green investment strategies.
