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

Amira Sajwani, Managing Director of DAMAC Properties, the UAE’s and the Middle East’s largest private real estate developer, issued a statement affirming confidence in the future of the United Arab Emirates despite the current political tensions in the Middle East and the GCC.

Sajwani emphasised that the nation’s continued stability and economic strength are underpinned by the country’s wise leadership and long-term vision, which have consistently guided the UAE through global and regional challenges while reinforcing its economic fundamentals.

Commenting on the current conditions, Amira Sajwani, said: “In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and the Ruler of Abu Dhabi, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and the Ruler of Dubai, we have nothing to fear. History has taught us that the UAE always overcomes challenges and emerges stronger. We witnessed this during the global financial crisis in 2008, during COVID-19, and again following the April 2024 storm widely known as the ‘Hadeer Storm.’ With the guidance of our leadership, this time will be no different. The UAE will continue to move forward with resilience and confidence.”

Sajwani added that the strength of the UAE’s economic fundamentals, particularly in the real estate sector, continues to be reflected in record market performance. According to Dubai REST, Dubai recorded AED 246.12 billion in real estate sales in Q1 2026, compared to AED 142.7 billion in Q1 2025, representing a 72.46% year-on-year increase.

“These figures clearly demonstrate that despite political tensions across the region, the fundamentals of Dubai’s real estate market remain exceptionally strong,” Sajwani said. “Demand continues to grow, and investor confidence in Dubai remains robust, reinforcing the emirate’s position as one of the world’s most attractive investment destinations.”

Sajwani further noted that DAMAC Properties continues to play a leading role in the market’s performance. The developer ranked No. 1 in Dubai’s real estate industry by market share of sales transactions, recording a total of 3,663 units sold, further cementing its position as a key contributor to the emirate’s real estate success.

She also confirmed that construction progress across all DAMAC projects remains on track, with handover timelines continuing as scheduled without any changes, reflecting the company’s strong operational capabilities and commitment to delivering projects on time.

Sajwani concluded by reaffirming that the UAE’s leadership, economic vision, and global reputation for stability will continue to attract international investors and sustain long-term growth across key sectors, including real estate.

Sobha Realty, a leading global luxury real estate developer, has announced that Sobha Crest Grande has received its Building Completion Certificate (BCC), with customer handovers scheduled to commence shortly.

Located in the waterfront district of Sobha Hartland, Crest Grande, comprising 985 units, offers proximity to key Dubai landmarks, including the Burj Khalifa, Downtown Dubai, and Dubai International Airport. The development features waterfront views, fully fitted kitchens, covered car parking, and amenities including an indoor and outdoor gymnasium, sauna room, adult and kids’ swimming pool, kids’ playing area, barbecue zone, as well as retail and restaurant offerings.

Importantly, the project is scheduled for delivery with the timeline committed on RERA, underlining Sobha Realty’s continued focus on execution discipline and delivery certainty, a hallmark of the brand’s Backward Integration model.

Francis Alfred, Managing Director, Sobha Realty, said; “At a time when people value certainty and reassurance more than ever, milestones like the Building Completion Certificate carry even greater meaning. Dubai continues to demonstrate the resilience, confidence, and long-term vision that makes it one of the world’s most trusted places to live and invest. For us, the receipt of the Building Completion Certificate for Sobha Crest Grande is not just a development milestone; it is a reflection of the trust families place in us when they invest their savings, aspirations, and vision of a dream home in the UAE. Achieving and being able to deliver within the timeline committed on RERA reaffirms our commitment to honour that trust through disciplined execution, timely delivery, and the consistent quality we promise every customer.”

Sobha Crest Grande has been designed to offer elevated waterfront living within one of Dubai’s most sought-after residential destinations. Its location within Sobha Hartland places residents within minutes of central Dubai, while offering a more serene lifestyle setting shaped by open views, green surroundings, and curated amenities.

The receipt of the BCC and the commencement of delivery shortly further strengthen Sobha Realty’s track record of translating vision into reality through disciplined planning, in-house capabilities, and a long-term commitment to customer confidence.

For homeowners, this milestone signals the transition from anticipation to ownership, as Crest Grande moves into its final stage before residents begin experiencing the development as a completed address.