Omaniyat Acquires Marasi Bay Island in Burj Khalifa District
Deal News | Jun 16, 2025 | Zawya
Omaniyat, a prominent Dubai-based real estate developer, has acquired Marasi Bay Island in the Burj Khalifa District to augment its ultra-luxury waterfront ecosystem. The island is set to offer an array of high-end amenities and lifestyle experiences, including Dubai’s first beach club in the Burj Khalifa District, a marina for superyachts, exclusive yacht club, and various resort-style features. Additionally, Omaniyat plans to introduce wellness and lifestyle activities, embracing facilities like Sunset Park, private island spaces, and wellness areas. This acquisition enhances Omaniyat's existing landmark developments such as The Lana Hotel and VELA Viento, solidifying its commitment to creating exquisite waterfront experiences in Dubai. Founder Mahdi Amjad envisions turning Dubai into the definitive ultra-luxury destination with this latest jewel in Omaniyat's crown.
Sectors
- Real Estate Development
- Luxury Lifestyle
Geography
- United Arab Emirates – The activities described are taking place in Dubai, within the United Arab Emirates, highlighting developments in the Burj Khalifa District.
- Middle East – This acquisition is a significant development within the broader Middle Eastern region's luxury real estate landscape.
Industry
- Real Estate Development – The article focuses on Omaniyat’s acquisition and development of Marasi Bay Island, emphasizing its strategic expansion in the premium real estate market in Dubai.
- Luxury Lifestyle – Omaniyat's plans for offering ultra-luxury experiences and amenities, including beach clubs and superyacht facilities, classify this as part of the luxury lifestyle industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Omaniyat | Acquirer | Company | A leading Dubai-based real estate developer focusing on ultra-luxury projects. |
| Mahdi Amjad | Founder and Executive Chairman | Person | Founder and Executive Chairman of Omaniyat, involved in the strategic vision of expanding luxury developments. |