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Omniyat Properties Wins ‘Best Residential Development'

‘The Pad' scoops a highly prestigious award at The Arabian Property Middle East Awards 2008


Dubai, UAE, XXXX June 2008: Omniyat Properties, the UAE's leading futuristic real estate and property developer and a member of Omniyat Holdings, has received ‘Best Residential Development'  award at the prestigious Arabian Property Middle East Awards 2008, for its technologically advanced development, ‘The Pad'.


Mr. Mehdi Amjad, Executive Chairman of Omniyat Properties, said; “This is a great honour for Omniyat Properties and especially for our team, whose efforts continue to produce such consistent and unparalleled results. The Arabian Property Middle East Awards are vital to our industry and reflect the mantra of Omniyat Properties; to improve the way people live and work in the future. Omniyat is dedicated to applying creative and lateral thinking to integrate existing technologies in our homes and in our offices. To have such thinking rewarded is an honour for all involved.”
Winner of four categories of the CNBC Arabian Property Awards 2007 - Best Developer, Best Development, Best Interior and Best Marketing - the futuristic tower is the first multiple award-winning development in the region.
The Pad is one of the most technologically advanced buildings in the world. Claiming a strategic waterfront location, the 24-storey residential tower is being built on the extension of Dubai's historic Creek within the Business Bay Development. The innovatively designed residential tower will contain 231 “intelligent apartments” varying in size from studio to 1 & 2 bedroom apartments and lofts. Every Pad apartment will have its own intelligent system that covers everything from communications and entertainment to monitoring your own body health.


The Arabian Property Middle East Awards being held to recognize excellence in the industry. From an initial list of 200 companies, the senior editors and directors of ITP Publishing analyzed the performance of various companies in the industry - looking at market share, growth, innovation, technology, management and international and environmental strengths.


ABOUT OMNIYAT
 
Omniyat Properties, a member of Omniyat Holdings, is an innovative real estate development company, headquartered in Dubai, United Arab Emirates.
 
With a staggering multi-billion dollar turnover, Omniyat Properties is positioned as the most forward thinking and futuristic developer in the UAE and has established itself -in such a small timeframe- as the developer of choice in the region.
 
With an impressive portfolio of eight commercial and residential developments launched and sold since 2006, and a handful of iconic projects planned for 2008, Omniyat has projected a staggering AED 21Billion (US$ 6Billion) turn over by end of 2008, making Omniyat one of the fastest growing developers in the region.
 
These include several large-scale, first-class, iconic projects designed by world-leading Architects and supported by international, best-in-class Consultants who help develop outstanding masterpieces and pioneering architecture; and integrate state of the art technology to create the most advanced and sought after commercial and residential lifestyle experience.


The Omniyat team is dedicated to building value for investors 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, Omniyat aims to launch and operate companies which benefit from the strategic portions of the real estate value chain and has solid plans for major geographical expansion regionally and worldwide.


Today, Omniyat Holdings is the proud custodian of Omniyat Properties, Omniyat Investment Management, the fund and asset management company licensed by DFSA and operating at DIFC, and a 40% shareholder in Investate, a specialized Investment banking activity based in Bahrain with a focus on investing in the region's booming real estate sector and beyond.


For more information on Omniyat and its projects, please visit our website:  www.omniyat.com, or register your details to our Media Library on: www.omniyat.com

For further information, please contact:

Tina Flores,
MCS Action,
Mobile: +971 55 983 1423, Email: tina.f@actionprgroup.com
OR
Grace Ghunaim,
Director – Corporate Communications, Omniyat Properties
Mobile: +971 50 550 4671, Email: grace.ghunaim@omniyat.com

 
 

PR Date :  26-Jun-2008 

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