In a significant milestone for Dubai’s sustainable finance sector, leading real estate developer Omniyat has announced the successful listing of $500 million in green sukuk on Nasdaq Dubai. The three-year sukuk, set to mature in May 2028, comes with a profit rate of 8.375% and was launched under a broader $1 billion sukuk program.

Proceeds from this issuance will be used to fund eco-friendly real estate developments, with a clear focus on energy efficiency, green construction, and improving the overall environmental footprint of Omniyat’s projects. The move reflects the company’s commitment to embedding sustainability into its business model while meeting the rising demand for responsible investments.

The offering was met with strong interest from both regional and global investors, with demand pushing pricing toward the upper end of the expected range. This enthusiastic response is seen as a vote of confidence in Omniyat’s strategic direction and the enduring appeal of Dubai’s property market.

To mark the occasion, Omniyat’s founder and CEO, Mehdi Amjad, rang the market opening bell at Nasdaq Dubai. Speaking at the event, Amjad said:

“Listing our green sukuk is more than a financial achievement — it symbolizes our long-term pledge to sustainable growth and responsible investing. The robust demand for this issuance shows that investors increasingly value projects that combine profitability with positive environmental impact.”

Nasdaq Dubai’s CEO, Hamed Ali, welcomed the listing, highlighting its importance in strengthening the exchange’s position as a hub for ESG (Environmental, Social, and Governance) and Islamic finance products. He remarked:

“This listing is a testament to the vital role the private sector plays in advancing sustainable financing. It also demonstrates Nasdaq Dubai’s ongoing commitment to supporting innovative and impactful financial instruments.”

With Omniyat’s sukuk addition, Nasdaq Dubai’s total value of ESG-linked debt instruments now stands at $29.6 billion, reflecting growing regional momentum towards sustainable investments. Green and sustainability-related debt listings account for over 60% of Nasdaq Dubai’s ESG portfolio.

Overall, the exchange’s total sukuk listings have reached $96.2 billion, while the combined value of debt instruments exceeds $138 billion, further cementing Nasdaq Dubai’s global stature in debt capital markets.