Money and business

Dubai Investments lays the foundation stone for the “Vista” project in Meydan

Dubai Investments Company, 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.
A statement issued today stated that the “Vista” project, which is being developed by Dubai Investments Real Estate Company, the real estate arm wholly owned by Dubai Investments, 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 the Vice Chairman and Chief Executive Officer of Dubai Investments Company, Khalid bin Kalban, and the General Manager of Dubai Investments Real Estate Company, Obaid Salami, along with a number of senior officials and representatives of entities involved in implementing the project.

Within the framework of this advanced stage of project development, Dubai Investments Real Estate also signed the main construction contract with the contracting company GV Hori Paramount, to undertake the implementation of construction work according to the approved implementation plan and the specified timetable for the project.

Salami said: “The Vista project represents an important milestone in the development process of our real estate portfolio, and reflects our strategic approach based on developing integrated urban projects that combine quality in design and precision in implementation, which contributes to achieving long-term sustainable value.”

He added: “With the start of the main construction work, we continue our commitment to providing high-quality development projects in strategic locations witnessing rapid growth in the Emirate of Dubai, thus enhancing the position of (Vista) as an integrated, mixed-use urban destination upon its completion.”

The “Vista” project is located in the “Horizon Square” area, one of the most prominent emerging areas in Dubai for mixed-use projects, and it consists of a 39-storey residential tower that includes 312 various residential units, including one-, two- and three-bedroom apartments, in addition 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 and integrity of the project. Its uses.

The project is designed to provide an integrated urban environment that combines housing, work and entertainment, as it includes a variety of entertainment and service facilities that meet the needs of residents and commercial tenants alike.
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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