diff --git a/sycl/cmake/modules/FetchUnifiedRuntime.cmake b/sycl/cmake/modules/FetchUnifiedRuntime.cmake
index 7cbb5cb6101e8..4993e5791ebf0 100644
--- a/sycl/cmake/modules/FetchUnifiedRuntime.cmake
+++ b/sycl/cmake/modules/FetchUnifiedRuntime.cmake
@@ -117,13 +117,13 @@ if(SYCL_UR_USE_FETCH_CONTENT)
   endfunction()
 
   set(UNIFIED_RUNTIME_REPO "https://github.com/oneapi-src/unified-runtime.git")
-  # commit 2bbe952669861579ea84fa30f14e1ed27ead0692
-  # Merge: d357964a 6b353545
-  # Author: Omar Ahmed <omar.ahmed@codeplay.com>
-  # Date:   Thu Sep 12 11:36:11 2024 +0100
-  #     Merge pull request #1928 from isaacault/iault/image_array_copy
-  #     [Bindless][Exp] Image Array Sub-Region Copies
-  set(UNIFIED_RUNTIME_TAG 2bbe952669861579ea84fa30f14e1ed27ead0692)
+  # commit f31160dea6d142014f441bc4ca5e58e48827490e
+  # Merge: 2bbe9526 64068799
+  # Author: Piotr Balcer <piotr.balcer@intel.com>
+  # Date:   Thu Sep 12 14:19:48 2024 +0200
+  #     Merge pull request #2083 from kswiecicki/xpti-init-fix
+  #     Fix XPTI initialization bug
+  set(UNIFIED_RUNTIME_TAG f31160dea6d142014f441bc4ca5e58e48827490e)
 
   set(UMF_BUILD_EXAMPLES OFF CACHE INTERNAL "EXAMPLES")
   # Due to the use of dependentloadflag and no installer for UMF and hwloc we need