|25 March, 2019

Omniyat signs facility with Mashreq Bank for fit-out of ME Dubai hotel in The Opus by Zaha Hadid

Ultra-Luxury developer closes financing deal with UAE's oldest privately-owned bank

Dubai: Ultra-luxury developer Omniyat has announced that it recently secured a financing of AED 150 million from Mashreq Bank for the fit-out of its premier ME Dubai hotel based in The Opus by Zaha Hadid in Downtown Dubai.

The facility will be utilized for completing the fit-out ofthe landmark hotel to be operated by the lifestyle hotel brand ME by Meliá. The internal works will prevail outstanding benchmarks worldwide to meet the distinct needs of future guests.

Mahdi Amjad, Chairman and Chief Executive Officer at Omniyat, said: We are pleased to sign with the UAE’s longest standing bank andaddingit to our portfolio of banks that share Omniyat’s vision of building truly unique projects across vantage locations in Dubai. Bringing Zaha Hadid’s ground breaking vision of the future to life has been a momentous journey and we wish to continue herlegacy through The Opus. As the final and most anticipated component of The Opus, we are thrilled to be revealing ME Dubai’s Debut by the end of the year look forward to guests experiencing the full capacity of the architectural wonder as it captures design aspirations from every corner.

Following the announcement, Enrique Ortiz, EMEA region VP at Meliá Hotels International, said: “Designed by late architect Zaha Hadid, ME Dubai will be a true legacy project when the property launches. We are honoured to work in partnership with her team and Omniyat and we are very much looking forward to ME by Meliá’s first debut in the Middle East offering guests an unparalleled experience combined with exemplary design.”

Ahmed Abdelaal, Head of Corporate & Investment Banking Group,at Mashreq, said: “As the UAE’s oldest bank Mashreq has played a pivotal role in helping shape the skyline of Dubaiand we are delighted to be associated with a building whose unique design challenges established convention. The Opus is testament to how innovation can create a meaningful legacy. This approach mirrors our own and reflects how we empower our customers to achieve their own dreams and aspirations.

The Opus is uniquely distinct from the famed architect’s list of iconic projects as it is one of her very first projects in Dubai to have been fully designed from an interior and exterior perspective, where every element of the hotel and residential space, recognizable with her signature curves and flowing lines have been handpicked by her complementing the powerful elements of the exterior of The Opus.

Established in 2005, Omniyat has a strong track record in delivering high quality projects, with a development portfolio of overAED 16 Billion.

-Ends-

About ME by Meliá

ME by Meliá is a personality-led lifestyle brand that seeks to fuse innovative style with local tastes, to captivate clientele with a love for contemporary art and design, music and fashion. Inspired by European lifestyle, each hotel has a unique connection with its location. ME by Meliá offers stylish design hotels that deliver personal, meaningful and aspirational experiences. By capturing these elements in urban and resort destinations, the ME philosophy adds a more personal touch to the guest experience.

There are currently six hotels in the portfolio, across Europe, The Americas and Mexico, including ME Milan Il Duca, ME London, ME Ibiza, ME Madrid, ME Sitges and ME Cabo. The brand is set to expand into the Middle East this year, with the launch of ME Dubai in December 2019 and ME Barcelona set to open in 2020. Follow ME by Meliá on Instagram @me_by_melia and Facebook mebymelia. www.mebymelia.com.

About Omniyat Group 

Omniyat Group is a Dubai-based, privately-held property development group that is committed to Dubai's vision of leading by design. It builds unique projects, at vantage locations within master communities and employs a consistent, bespoke approach in its project development, design and delivery. Omniyat specializes in creating large-scale collaborations with globally acclaimed architects, designers, artists and firms, to deliver its high value and desirable projects.  

http://www.omniyat.com

About Mashreq Bank

Established in 1967, Mashreq is the oldest Bank in the UAE with award-winning financial solutions and services. Throughout its 50 years' history, Mashreq has differentiated itself through innovative financial solutions, making it possible for its customers to achieve their aspirations. Today, Mashreq has a significant presence in 11 countries outside the UAE with 26 overseas branches and offices across Europe, USA, Asia, and Africa.

Mashreq launched its new Vision and Mission in 2016, outlining its commitment towards its clients, colleagues and the community. In line with its new Vision to be the region's most progressive bank, Mashreq leverages its leadership position in the banking industry to enable innovative possibilities and solutions for its customers across Corporate, Retail, International, Treasury and Islamic Banking. Mashreq is proud to be the first financial institution in the UAE to be awarded the Gallup Great Workplace Award for fifth consecutive years from 2014-2018. Mashreq also continues to invest in recruiting, training and developing future generations of UAE National bankers.

For more information, please contact:   

Natasha Valentine

Corporate Communications Manager – Omniyat

Natasha.valentine@omniyat.com

m: 00971 (0)54 5833 350

t:   00971 (0)44 5115 002

© Press Release 2019

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