"Dubai Investments" Laying the foundation stone for a project "Vista" Major construction work is underway
Dubai, March 31 / WAM / Dubai Investments, listed on the Dubai Financial Market, announced the laying of the foundation stone for the “Vista” mixed-use urban project in the Horizon Square area in Dubai.
The “Vista” project is being developed by Dubai Investments Real Estate Company, the real estate arm wholly owned by Dubai Investments, and combines, within an integrated master plan, high-end residential units, modern office spaces, and retail outlets, to provide an integrated urban destination.
The foundation stone was laid in the presence of Khalid bin Kalban, Vice Chairman and Chief Executive Officer of Dubai Investments, and Obaid Salami, General Manager of Dubai Investments Real Estate, along with a number of senior officials and representatives of entities involved in implementing the project.
Within the framework of the advanced stage of development of the project, Dubai Investments Real Estate also signed the main construction contract with the contracting company “GV Hori Paramount”, to undertake the implementation of construction works according to the approved implementation plan and the specified timetable for the project.
Obaid Salami said that the “Vista” project represents an important milestone in the process of developing Dubai Real Estate Investment’s real estate portfolio, and reflects its strategic approach based on developing integrated urban projects that combine quality in design and accuracy of implementation, which contributes to achieving long-term sustainable value.
The “Vista” project is located in the Horizon Meydan area, one of the most prominent emerging areas in Dubai for mixed-use projects, and consists of a 39-storey residential tower that includes 312 various residential units, next to a 19-storey commercial tower that provides about 120,000 square feet of office space designed to meet the needs of modern work environments, in addition to a group of retail outlets that enhance the vitality of the project and the integration of its uses.
Construction work on the project continues according to the approved schedule, and construction work is expected to be completed during the first quarter of 2028.
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