Dubai Investments Breaks Ground on Landmark Al Vista Mixed Use Development in Meydan, Commences Main Construction Works
Dubai Investments breaks ground on Al Vista, its landmark mixed use development in Meydan Horizon.
Developed through its wholly owned real estate subsidiary, Dubai Investment Real Estate (DIR), Al Vista is a large scale mixed use development comprising residential, commercial and retail components within a unified masterplan.
The ground breaking ceremony was held in the presence of Khalid bin Kalban, Vice Chairman and CEO, Dubai Investments, Obaid Salami, General Manager, Dubai Investment Real Estate along with other senior representatives and the contractor for the project.
As part of the milestone, DIR also signed the main construction contract with JV Hourie Paramount appointing the contractor to deliver the project in line with the approved execution plan.
Commenting on the ground-breaking, Obaid Salami, General Manager of Dubai Investment Real Estate, said: “Al Vista represents an important addition to DIR’s portfolio and reflects a disciplined approach to development, anchored in quality, execution certainty and long term value creation. With main construction now underway, DIR is committed to delivering well planned, high quality developments in key growth locations across Dubai, positioning Al Vista to emerge as a defining mixed use destination upon completion.”
Located within Meydan Horizon, one of Dubai’s most sought after mixed use districts, Al Vista comprises a 39 storey residential tower featuring 312 apartments, including one, two and three bedroom units, alongside a 19 storey commercial tower offering approximately 120,000 sq. ft. of shell and core office space, complemented by integrated retail components. The development is designed to support a connected urban environment, with a comprehensive range of lifestyle and recreational amenities serving both residents and commercial occupiers.
Construction is advancing as scheduled, with planned completion targeted for Q1 2028.
Background Information
Dubai Investments
Dubai Investments PJSC is a leading public joint stock company listed on the Dubai Financial Market with over 16,771 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the Company has grown exponentially with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, education to financial investments in the UAE and the Middle East. Dubai Investments continues to create positive economic impact and long-term value for its stakeholders by investing in sustainable, growth sectors in markets across the globe.