Omniyat wins AED 150mn funding for fit-out work of ME Dubai Hotel

Atrium-1024x576Ultra-luxury developer Omniyat has announced that it recently secured a financing of AED 150 million from Mashreq Bank for the fit-out of its ME Dubai Hotel based in The Opus by Zaha Hadid in Downtown Dubai. The facility will be utilised for completing the fit-out of the 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 and adding it 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 her legacy 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 and 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.”