Al Habtoor Group will invest more than AED 5 billion (USD 1.36 billion) in a new commercial tower at Al Habtoor City, signalling strong confidence in Dubai’s economic outlook.
The development, located on Sheikh Zayed Road, will add to the mixed-use destination’s portfolio of residential, hospitality and retail assets, and is expected to become a new landmark on the city’s skyline.
Chairman Khalaf Ahmad Al Habtoor said the investment reflects confidence in the UAE’s stability, pro-business environment and long-term growth prospects.
The project forms part of a broader pipeline of developments planned across Dubai and Abu Dhabi, as the group expands its footprint amid sustained investor demand and economic momentum.
Gulf Economist Staff Writer