OMNIYAT Acquires Marasi Bay Island in Burj Khalifa District
Deal News | Jun 11, 2025 | Zawya
OMNIYAT, a prominent developer in Dubai's ultra-luxury real estate sector, has acquired Marasi Bay Island in the iconic Burj Khalifa District. The acquisition is part of a larger initiative to create an ultra-luxury waterfront destination that integrates residential, commercial, and leisure experiences. The project will include a beach club, premium workspaces, luxury accommodations, and wellness amenities, all connected to major urban hubs like Downtown Dubai. The development will also feature amenities such as a marina for superyachts, private parks, and a floating pavilion, encapsulating OMNIYAT's vision for high-end urban living. Signature components of the project include the VELA Viento and The Lana Hotel, promising world-class hospitality and unmatched luxury living. The project aims to redefine luxury waterfront living and serves as a significant addition to OMNIYAT's portfolio. It's an ambitious plan to make Marasi Bay a hub of elevated lifestyle experiences.
Sectors
- Real Estate Development
- Hospitality and Leisure
Geography
- United Arab Emirates – The acquisition and development are taking place in Dubai, within the United Arab Emirates, specifically in the Burj Khalifa District.
- Dubai – Dubai is the city where the development is centered, known for its ultra-luxury offerings and a key location for real estate expansions.
Industry
- Real Estate Development – OMNIYAT's acquisition and planned developments in the Burj Khalifa District are part of the real estate sector, focusing on ultra-luxury residential and commercial properties.
- Hospitality and Leisure – The development includes luxury hotels and leisure amenities, such as beach clubs and wellness spaces, which pertain to the hospitality and leisure industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OMNIYAT | Developer and Acquirer | Company | OMNIYAT is a leading real estate developer in Dubai focusing on ultra-luxury properties, driving the Marasi Bay Island project. |
| Dorchester Collection | Hotel Operator | Company | A luxury hotel operator managing The Lana Hotel in the Marasi Bay development. |
| Foster + Partners | Architectural Firm | Company | An internationally renowned architectural firm responsible for the design of VELA Viento, Dorchester Collection, Dubai. |
| Banda Studio | Interior Designer | Company | Offering select interior design options for the Horizon Residences within the Marasi Bay development. |