Innovate Living Advances AED2 Billion Pipeline With Omoria Private Residences’ Launch in Dubai Islands

Innovate Living Development, a UAE-based real estate developer, has officially broken ground on Omoria Private Residences at Dubai Islands, marking a milestone in its AED2 billion (approximately US$545 million) development pipeline.

The project marks the developer’s first entry into Dubai Islands, a destination it identifies as one of Dubai’s emerging residential communities, drawing comparisons to Palm Jumeirah in its early years while offering a more integrated masterplan.

Spanning a G+7 structure, Omoria Private Residences is a hospitality-led development featuring studio suites, one-, two- and three-bedroom residences, duplexes, signature residences with private pools, and penthouses. All residences will be delivered fully finished and furnished, incorporating Italian brands and high-specification materials throughout.

The project is designed to offer an integrated lifestyle experience, with amenities including wellness-focused facilities, private resident spaces, concierge-led services, and communal environments. These are set within a wider master community offering beachfront living alongside access to golf courses, marinas, retail, education, healthcare, and green spaces.

The development is being delivered by Innovate Living Development as master developer, with Omoria appointed as the residential hospitality operator. Omoria will oversee service integration, concierge, and lifestyle management from inception, embedding a hospitality-first approach into the project.

Market conditions continue to support development activity. According to Dubai Land Department data, Dubai recorded AED252 billion in real estate transactions in Q1 2026, up 31% year-on-year, with international capital inflows continuing to reinforce confidence in the sector.

“We have been through multiple market cycles in Dubai, and what remains consistent is the strength of the fundamentals,” Kareem Fahmy, founder and Chairman of Innovate Living Development and co-founder and CEO of Omoria, said. “Periods of adjustment are part of any mature market – they create a more sustainable foundation for long-term growth. Our confidence in the UAE is rooted in its leadership, infrastructure, and long-term vision. As developers, we have the clarity and conviction to continue building for the future.

Fahmy added that Dubai Islands uniqueness lies in is its ability to combine island living with proximity to the city, while offering a fully integrated community with marinas, green spaces, a golf course, and essential lifestyle infrastructure.

Construction is now underway, with completion targeted for Q4 2027. The project forms part of Innovate Living Development’s broader strategy to invest in communities aligned with long-term residential demand.