Built to inform

Sign up for the daily newsletters

No, Thank you

Dubai bank provides $41m for Meliá hotel within Zaha Hadid's The Opus

Omniyat secured financing from Mashreq Bank for fit-out work of ME Dubai Hotel within Zaha Hadid-designed project

The Opus was designed by late British-Iraqi architect Zaha Hadid.
© Omniyat
The Opus was designed by late British-Iraqi architect Zaha Hadid.

Dubai real estate developer Omniyat has secured funding worth $40.8m (AED150m) from the UAE’s oldest privately-owned bank, Mashreq, to implement fit-out works for a hotel within the Zaha Hadid-designed Opus in Downtown Dubai.

The funds will help complete the fit-out of ME by Meliá Dubai, which is due to launch in December 2019. 

Late Iraqi-British architect Hadid is said to have handpicked every design element of The Opus's interiors and exteriors, making it a highly anticipated development in the design community. 

Commenting on the latest round of finance, Omniyat's chairman and chief executive officer, Mahdi Amjad, said: “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.”

Ahmed Abdelaal, head of the corporate and investment banking group at Mashreq, said: “Mashreq has played a pivotal role in helping shape the skyline of Dubai, and we are delighted to be associated with a building whose unique design challenges established convention.”

Most popular


Go for gold at the 15th Construction Week Awards in December 2019!
Winners will be crowned under 14 categories at a gala ceremony in Dubai – are


Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 744
Jun 15, 2019