Al Habtoor Group has unveiled plans for a new commercial tower at Al Habtoor City on Sheikh Zayed Road, with an estimated investment value of Dh5 billion ($1.36 billion). The announcement, made on April 9, 2026, represents the first in a series of developments the group will launch across Dubai and Abu Dhabi.
“Our decision to move forward with this investment reflects our deep confidence in the UAE, and in Dubai in particular,” said Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group.
“We are fortunate to live and invest in a country that enjoys security, stability, and a strong, resilient economy. These are the foundations that guide our investment decisions. The UAE continues to provide an environment where businesses can grow, investments can flourish, and people can live with confidence and peace of mind.”
The development comes as Dubai continues to demonstrate strong economic performance, supported by visionary leadership, advanced infrastructure, and a business environment ranked among the most competitive globally. Recent data shows property transactions rebounding significantly following seasonal holidays, reflecting sustained market momentum.
Al Habtoor Group’s latest investment reflects its ongoing commitment to contributing to the emirate’s economic development and strengthening Dubai’s position as a global hub for business and investment. The conglomerate has played a key role in Dubai’s growth for more than five decades, delivering landmark developments across multiple sectors.
The announcement aligns with broader trends in Dubai’s commercial property market, where prices have risen substantially despite regional challenges, demonstrating investor confidence in the emirate’s long-term prospects.
This new investment continues Al Habtoor Group’s legacy, reinforcing the company’s belief in the UAE’s long-term future and its commitment to investing in projects that contribute to the nation’s continued success. The tower will add to the existing Al Habtoor City development, one of Sheikh Zayed Road’s prominent mixed-use destinations.