UAE’s top developers say liquidity is sufficient to complete projects
Top developers assured that construction on projects continues at a steady pace.
Omniyat Holdings said it has maintained a strong liquidity position, supported by low leverage and a solid balance sheet.
As of December 31, 2025, Omniyat had liquidity of over Dh5.3 billion ($1.4 billion) in cash, cash equivalents and other financial assets. This included Dh2.7 billion ($726 million) in unrestricted corporate liquidity not subject to project escrow or regulatory ring-fencing, further enhanced by a Dh2.2 billion ($600 million) sukuk issuance in March 2026.
“Our financial position is strong and straightforward: more than $1 billion in unrestricted liquidity against a next maturity of $500 million in 2028. That gives us more than sufficient liquidity for our corporate obligations. We have over $6 billion in revenue secured from contracted sales, equivalent to more than five times FY2025 revenue. Our entire $11.7 billion development portfolio is funded from existing resources,” said Mahdi Amjad, founder and executive chairman of Omniyat.
Global ratings agency S&P also said earlier this month that it sees no immeidate liquidity pressure for Dubai developers due to the ongoing regional conflict as the developers have recorded exceptional revenues from their projects launched over the past five years.
Deyaar Development, a publicly listed integrated real estate company in Dubai, said it continues to maintain a strong balance sheet and healthy liquidity position, supporting the advancement of its strategic priorities.
The company announced plans to complete the Jannat District at the Midtown community in Dubai Production City in the coming days, marking completion three months ahead of schedule. In addition, the Dubai-listed firm is preparing to hand over around 2,000 residential units across Dubai.
The UAE’s top developers have shown strong resilience during previous crises, absorbing the impact of regional and global challenges, adapting to policy responses and resetting for recovery and renewed growth.
Omniyat said all launched projects are fully funded through to completion and are proceeding in line with approved schedules. Existing sales provide 2.3 times cost cover across the launched portfolio.
Omniyat has a gross development value of $11.7 billion, diversified across branded residential, commercial and mixed-use developments.
The group said it has a diversified $6.1 billion revenue backlog and over $1 billion in unrestricted liquidity.
Construction continues
Amira Sajwani, managing director of Damac Properties, also confirmed that construction progress across all projects remains on track, with handover timelines continuing as scheduled without any changes.
Sajwani added that the strength of the UAE’s economic fundamentals, particularly in the real estate sector, continues to be reflected in record market performance. According to Dubai REST, Dubai recorded Dh246.12 billion in real estate sales in Q1 2026, compared to Dh142.7 billion in Q1 2025, representing a 72.46 per cent year-on-year increase.
“These figures clearly demonstrate that despite political tensions across the region, the fundamentals of Dubai’s real estate market remain exceptionally strong,” Sajwani said.
“Demand continues to grow, and investor confidence in Dubai remains robust, reinforcing the emirate’s position as one of the world’s most attractive investment destinations,” she added.
Deyaar Development confirmed that construction and development activities across its portfolio are progressing in line with planned timelines, reflecting the strength of its operational framework and disciplined project management.
Saeed Mohammed Al Qatami, CEO of Deyaar, said work on projects is continuing smoothly without interruption.
“We are closely monitoring developments and following all official directives, while remaining flexible to ensure construction continues responsibly. The UAE has consistently demonstrated resilience and adaptability, and we have full confidence in the procedures being followed,” said Al Qatami.
Private developer H&H said its Dubai Peninsula project is progressing on schedule, with lead contractors appointed and construction activity underway.
“Construction is progressing according to plan, with foundational and preparatory work well underway,” said Miltos Bosinis, CEO of H&H.
Omniyat said construction activity continues across all active sites, including AVA, Orla, Aria and The Mural.
“The company continues to engage tier-one, well-capitalised contractors and maintains business continuity arrangements across its supply chain. Alternative logistics routes via Sohar, Fujairah and Jebel Ali remain established and operational, and no material supply chain disruption has been reported,” it added.
Dh2 billion contract awarded
Dubai South Properties on Monday awarded Dh2 billion contract to Mohammed Abdulmohsin Al Kharafi & Sons to develop several phases of Hayat by Dubai South, a master-planned community spanning 10 million square feet and faturing 2,500 residential units.
Construction is set to commence in Q2 2026, with the initial phases expected to be completed by 2028.
“Since its launch in 2025, the project has witnessed strong demand and interest, driven by its unique positioning and wellness-inspired features. Through this development, we are focused on creating a well-balanced community that combines quality living, connectivity, and lifestyle-driven amenities, while reinforcing Dubai South’s position as a key destination for residents and investors,” said Nabil Al Kindi, Group CEO of Dubai South.
There have been no purchase cancellations since the onset of recent regional uncertainty, it added. Preliminary unaudited year-to-date sales at Omniyat totalled over $729 million, while collections totalled $415 million (over Dh1.5 billion), broadly in line with management expectations. Staged buyer payments continue to be received in line with contractual schedules.
Omniyat added that unrestricted liquidity covers the next debt maturity related to the $500 million sukuk due in 2028, with no reliance on new property sales, buyer collections, refinancing or additional capital markets activity to meet the obligation.
The Dubai-based group said it has no material short-term maturities, and its debt maturity profile now extends to 2031 following three sukuk issuances totalling $1.5 billion.
Source: Khaleej Times
