Dubai Investments, listed on the Dubai Financial Market (DFM), has officially laid the foundation stone for its mixed-use development project, “Al Vista,” located in the Meydan Horizon area of Dubai.
The ceremony was attended by Khaled bin Kalban, Vice Chairman and CEO of Dubai Investments, and Obaid Salami, General Manager of Dubai Investments Real Estate, along with various senior officials and representatives from the entities involved in the project execution.
In this advanced stage of development, Dubai Investments Real Estate has also finalized the main construction contract with the contractor “GV Hori Paramount,” which will oversee the building operations according to the approved execution plan and scheduled timeline for the project.
Significant Milestone
Obaid Salami, General Manager of Dubai Investments Real Estate, remarked, “The ‘Al Vista’ project marks a significant milestone in the progression of our real estate portfolio and reflects our strategic approach to developing integrated urban projects that combine high-quality design with precise execution, contributing to long-term sustainable value. As we commence main construction activities, we remain committed to delivering high-quality developments in strategically located areas experiencing rapid growth in the Emirate of Dubai, enhancing ‘Al Vista’s’ positioning as a comprehensive urban destination upon completion.”
The “Al Vista” project is being developed by Dubai Investments Real Estate, the wholly owned real estate arm of Dubai Investments, featuring a comprehensive master plan that combines upscale residential units, modern office spaces, and retail outlets, creating an integrated urban destination.
Located in Meydan Horizon, one of Dubai’s prominent emerging areas for mixed-use developments, the project consists of a 39-story residential tower with 312 diverse residential units, including one, two, and three-bedroom apartments, alongside a 19-story commercial tower that offers approximately 120,000 square feet of office space designed to meet the demands of contemporary working environments. Additionally, a variety of retail outlets aim to enhance the vibrancy and functionality of the development. The project is designed to create a cohesive urban environment that integrates living, working, and recreational spaces, boasting a range of amenities that cater to the needs of both residents and commercial tenants.
Construction is progressing according to the established timeline, with completion expected by the first quarter of 2028.