Omniyat taps Dh147m construction finance

Omniyat has secured a Dh147 million construction finance from Kuwait’s Burgan Bank for its twin-tower project, The Sterling, at the Burj Khalifa district. The development will offer 385 residential split between penthouses, townhouses and apartments. “We are delighted to be working with Burgan Bank,” said Mark Phoenix, managing director at Omniyat. “It’s vital to partner with companies that share our vision and ethos, and this deal is the first step to making The Sterling yet another outstanding landmark on Dubai’s skyline.”

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