Blackstone stock expands Gulf wealth push with new Dubai office
Published on 11/13/2026 at 12:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDubai hub targets Gulf wealth
- Blackstone opened its second UAE office in the Dubai International Financial Centre.
- The office will support private-wealth distribution and partnerships across the Gulf.
- Blackstone said its regional private-wealth business has more than 40 distributor relationships.
Blackstone announced on Thursday, November 12, 2026, that it had opened an office in the Dubai International Financial Centre, adding a second United Arab Emirates location alongside its longstanding Abu Dhabi base. The asset manager said the office will serve as a regional hub for its Private Wealth business.
The announcement was made in Blackstone's announcement. The company said the Dubai office will build on partnerships with regional banks and broaden access to alternative investments for investors across the Gulf Cooperation Council.
Private wealth remains strategic
Blackstone said its Private Wealth business has established more than 40 distributor relationships across the region. The expansion therefore gives the firm a local base for developing relationships with wealth managers, banks and other distribution partners, rather than adding only an administrative presence.
President and Chief Operating Officer Jon Gray said the United Arab Emirates was becoming an increasingly important wealth-management center. Blackstone has operated in the country since 2010 and said it is also upgrading its Abu Dhabi office licence to support deal origination. The company announced plans earlier this year to open an office in Kuwait and expects to expand further across the GCC.
Blackstone's nearly USD 1.4 trillion in assets under management span real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. For investors, the Dubai move points to continued efforts to expand private-wealth distribution and diversify fundraising channels. The financial effect will depend on the pace of asset gathering, product demand and execution across the region.
Blackstone stock traded at 107.43 euros on Lang & Schwarz at 12:51 CET on Friday, November 13, 2026.
Blackstone Inc. stock facts
- Company: Blackstone Inc.
- ISIN: US09260D1072
- NYSE ticker: BX
- Latest quote: 107.43 euros on Lang & Schwarz, Friday, November 13, 2026, at 12:51 CET
U.S. markets remain the broader market context for Blackstone, with the S&P 500 serving as the relevant benchmark theme.
