AMWAJ Development Launches Construction of Starlight Park in Meydan
AMWAJ Development has commenced construction on its inaugural residential project, Starlight Park.
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AMWAJ Development has officially announced the start of construction on its first residential project, ‘Starlight Park,’ marking a significant milestone in its development pipeline.
Located in the heart of Meydan’s District 11, Starlight Park is set to be a premier four-building freehold community, offering a range of 172 apartments, including 1-, 2-, and 3-bedroom units. The handover of the units is anticipated for the second quarter of 2026.
The announcement was made during a groundbreaking ceremony, attended by key figures including Emad Saleh, the founder and chairman of AMWAJ Development; Murad Saleh, CEO; Hassan Hijazi, CFO; Aida El Shahabi, COO; Zeina Khoury, founder of Zed Capital Real Estate and official sales partner for the project; Venkata Siva Kumar, CFO of Green Gardenia Landscaping LLC; Mohammed Musthafa, managing director of Emsquare Engineering Consultants; Imtiaz Pasha, project director of Sumer Contracting Company LLC; George Chamoun, project director of Morganti GCC; along with the dedicated team of AMWAJ Development.
“We are excited to break ground on the site of Starlight Park just days after the launch, demonstrating our commitment to efficiently deliver our projects efficiently and on time” said Emad Saleh, Chairman and Founder of AMWAJ Development. “Our vision is to innovate and lead in introducing better, smarter and more efficient ways of delivering projects, and Starlight Park will serve as an example of this.”
AMWAJ Development is on a progressive path, with plans to develop over 1.5 million square feet of new residential projects by 2024 and more than 2 million square feet by 2025. Starlight Park is the first project to begin construction in 2024, with more developments planned for the year.
Residents of Starlight Park will enjoy an array of amenities, including assigned parking spots, EV charging stations, a common outdoor garden oasis, a rooftop pool, gym, rooftop cinema, indoor/outdoor kids play areas, yoga and boxing studios, paddle tennis, and a resident’s lounge.
“Our aim is to redefine Dubai’s luxury mid-market residential segment by delivering innovative and eco-friendly communities that set new standards for living excellence,” said Saleh. “Our management team brings over 25 years of diverse development and construction expertise including 11 years across Europe and Middle East markets, and we will continue to leverage that experience to deliver bespoke.
Starlight Park, situated in Meydan District 11 along the Al Ain Road, is designed to offer unparalleled living experiences through cutting-edge design, high-quality finishings, and extensive resident amenities. Units will be available in 1-bedroom, 2-bedroom, and 3-bedroom configurations, with prices starting at AED 988,000.
With the groundbreaking of Starlight Park, AMWAJ Development is poised to make a significant impact on Dubai’s residential landscape, setting new benchmarks for luxury, innovation, and sustainability in the mid-market segment.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
A bold new corporate restructure to achieve its ambitious $27 billion portfolio goal
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Omniyat, a distinguished name in Dubai’s ultra-luxury real estate sector, has embarked on a transformative journey by unveiling a new corporate structure under the newly formed Omniyat Group. This strategic move aims to unify and drive success across its various branded companies, setting an ambitious target of a AED100 billion ($27 billion) total group portfolio over the next five years.
This announcement signifies a pivotal moment for Omniyat Group, reaffirming its dedication to reshaping the real estate landscape not only in Dubai but across the broader region. As part of its growth strategy, Omniyat plans to significantly expand its footprint in the ultra-luxury real estate segment, aiming for a total portfolio value of AED50 billion.
Established in 2005 by Executive Chairman Mahdi Amjad, Omniyat was conceived with the vision of revolutionizing the Dubai property market through the creation of unique living experiences. The company has consistently elevated the standards in real estate, driven by a policy of strategic diversification that has enabled it to explore various market segments.
In line with this strategy, Omniyat Group is set to announce a new real estate company in Q3 2024. This new venture will be part of a commitment to invest AED50 billion in new real estate divisions targeting multiple market segments. This initiative underscores Omniyat’s ongoing commitment to understanding market demands and delivering on its bold vision to be “the best in class, in every class.”
By continuously evolving and adapting to market needs, Omniyat Group stands poised to lead the future of real estate in the region, setting new benchmarks in luxury and innovation.
Commenting on the launch, Amjad said: “Nineteen years ago, I founded Omniyat with a clear mission to achieve the unprecedented in Dubai’s real estate sector. A city of superlatives, Dubai is globally renowned for its remarkable story of progress and achievement, and we wanted to bring iconic projects to Dubai’s skyline that stood apart for their design, innovation, and artistry.”
“Encouraged by the UAE’s robust growth and long-term vision and inspired by the success of our ultra-luxury brand, I am establishing Omniyat Group to invest in other brands and companies to address different segments of the UAE’s strong growing real estate market with an uncompromising principle of ‘Best in class, in every class’ we address.”
“Today, Omniyat Group has been announced to drive forward our mission to elevate the people at the heart of our business and contribute to a better life and environment for all stakeholders, employees, clients, and their loved ones,” he stated.
“Guided by an unwavering commitment to excellence, we will continuously strive to raise standards and curate experiences that make life better, in every sector we engage in,” he added.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
