Dubai-based developer Omniyat has secured a USD 100 mn loan from Japanese investment bank Nomura Holdings, Bloomberg reports, citing sources familiar with the matter. The funds will be used to support the development of one of its ultra-luxury projects in the emirate, the sources said.

Omniyat is expanding its investment portfolio after launching the Alba Hotel and Residences in September 2024, a beachfront development valued at AED 7 bn which will open in 2028. The developer also plans to invest AED 10 bn by 2028 in the Marasi Bay Marina, which it acquired in September 2023.

Nomura Holdings is doubling down on investments in the region, with plans to hire three to four relationship managers in Dubai as it seeks to expand its wealth management business in the emirate. On the global level, the Japanese investment bank earmarked about USD 1 bn to provide loans and complex forms of debt to private equity companies and financial institutions.

International investments continue pouring into the UAE, following Aldar Properties’ AED 9 bn sustainability-linked revolving credit facility, which attracted orders from 15 international and regional financial institutions in January. Meanwhile, Citigroup extended USD 500 mn in asset-backed securitization financing to Dubai-based fintech firm Quantix Technology Projects in December. IHC’s subsidiary Al Seer Marine also secured USD 80 mn in financing from China’s Bocom Financial Leasing in October.

OTHER DEBT NEWS-

Agility approves USD 400 mn loan to Reem Mall developer: ADX-listed logistics firm AgilityGlobal is providing a USD 400 mn short-term loan facility through a subsidiary to Al Farwaniya Property Developments, the owner and developer of Abu Dhabi’s Reem Mall, it said in a disclosure. The loan comes as Al Farwaniya finalizes a new facility with third-party lenders. Agility, which fully guarantees Al Farwaniya’s existing facility, said this guarantee will be removed once the current loan is repaid.

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