Omniyat to Develop AED1 Billion Langham Place Downtown Dubai

In its continued efforts to strengthen Dubai’s status as a global tourist destination, Omniyat, the city’s leading privately-held real estate development group that creates livable art, has announced its strategic alliance with Langham Hospitality Group, a leading hotel operator with an extensive network of luxury properties worldwide, to exclusively introduce the prestigious Langham Place Downtown Dubai in Burj Khalifa District.

Located in Burj Khalifa district, Langham Place Downtown Dubai will span a built up area of 680,838 square feet. The AED1 billion project (US$273 million) will comprise the five-star luxury hotel and serviced apartments, adding a total of 438 units to the hospitality sector in Dubai upon completion in 2018. 

The signing ceremony between Omniyat and Langham Hospitality Group took place today at a press conference in Hong Kong in the presence of Mahdi Amjad, Executive Chairman and CEO of Omniyat and Dr Lo Ka Shui, Executive Chairman of Langham Hospitality Group. 

Mahdi Amjad said: “We are pleased to partner with Langham Hospitality Group to expand our portfolio in the region by introducing a new offering in the market. As a Dubai-based company, we are committed to contributing to the city’s definitive skyline with innovative real estate concepts. The launch of Langham Place Downtown Dubai therefore complements the emirate’s strategic tourism vision to annually attract 20 million visitors by 2020. By then, Omniyat will have delivered over 1,500 hotel rooms and suites.”

Mark Phoenix, Managing Director of Omniyat said: “Omniyat continues to develop projects that appeal to a very niche market segment. Dubai is still receiving demand for premium developments and we expect a strong response to the launch of the serviced apartments that will welcome global investors starting October 13, 2015.”

Langham Place Downtown will be located in water front location in the heart of Downtown Dubai, offering spectacular views facing the world’s tallest tower, Burj Khalifa, The Dubai Water Canal and the world’s most visited attraction, The Dubai Mall. The 167-room hotel will provide easy access to Downtown Dubai, Mohammed bin Rashid City, Business Bay and the upcoming Dubai Design District. 

Offering close proximity to Dubai World Trade Centre and Dubai International Financial Centre, the Langham Place Downtown will feature a range of facilities including Michelin Star restaurants, four distinct food and beverage outlets comprising an all-day dining restaurant, a rooftop bar and lounge, and a salon which will serve the brand’s signature afternoon tea, and more than 400 square meters of event space for corporate meetings and social galas. For an unrivalled retreat of relaxation, Langham Place Downtown Dubai will also showcase the group’s signature spa Chuan Body and Soul. The spa will offer therapies based on the principles of traditional Chinese medicine (TCM) using the five elemental forces of wood, fire, earth, metal and water. 

Dr. Lo said: “With Omniyat’s vast experience in developing luxury properties with cutting edge architecture and design in Dubai, we are delighted to manage this hotel in such a premium location in this dynamic city. Through this strategic partnership with such a renowned property development leader in the Middle East, we look forward to creating a prestigious luxury lifestyle center that will add to the iconic skyline in Dubai.” 

The announcement of Langham Place Downtown Dubai brings the total value of Omniyat’s portfolio to AED16 billion (US$4.4 billion). Launched in 2005, Omniyat’s main focus is to generate superior value proposition and yield high returns while delivering projects that cater to the needs of both business and leisure clients. The developer has recently completed its third project in Business Bay, The Binary, and is world renowned for developing the most expensive penthouse in Dubai at a value of AED200 million (US$54.45 million).