We present a technique for the dissipative preparation of highly entangled multiparticle states of atoms coupled to common oscillator modes. By combining local spontaneous emission with coherent couplings, we engineer many-body dissipation that drives the system from an arbitrary initial state into a Greenberger-Horne-Zeilinger state. We demonstrate that using our technique highly entangled steady states can be prepared efficiently in a time that scales polynomially with the system size. Our protocol assumes generic couplings and will thus enable the dissipative production of multiparticle entanglement in a wide range of physical systems. As an example, we demonstrate the feasibility of our scheme in state-of-the-art trapped-ion systems.