Blackstone stock: New Dubai office expands private wealth reach
Published on 11/12/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDubai Office Targets Gulf Wealth
- Blackstone is adding a second UAE location to support its Private Wealth business across the Gulf.
- The firm has more than 40 distributor relationships in the region and plans further expansion.
- The office opening broadens Blackstone's regional infrastructure for institutional and individual investors.
Blackstone said on Thursday, November 12, 2026, that it had opened an office in the Dubai International Financial Centre (DIFC). The new location will serve as a regional hub for the firm's Private Wealth business and adds a second UAE office alongside its long-standing base in Abu Dhabi.
The announcement comes as Blackstone builds its distribution network across the Gulf Cooperation Council. The firm said its Private Wealth business has established more than 40 distributor relationships in the region. The Dubai office is intended to deepen partnerships with regional banks and broaden access to alternative investments for private-wealth clients.
Private Wealth Expansion Increases
Blackstone President and Chief Operating Officer Jon Gray said the UAE had become an important center for wealth management and described the new office as an extension of the firm's presence in the country, which began in 2010. His comments, quoted in the Blackstone press release, link the move to broader investor access rather than to a single transaction.
The company also said it had upgraded its Abu Dhabi office licence to support deal origination. Blackstone announced plans earlier in 2026 to open an office in Kuwait and expects to expand its Gulf presence further over the coming year. These steps give the firm additional local infrastructure as it seeks capital from institutions, family offices and individual investors.
Scale Supports Regional Push
Blackstone described itself as the world's largest alternative asset manager, with nearly 1.4 trillion US dollars in assets under management across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. The Dubai announcement does not include a financial forecast or a transaction value, so its direct earnings effect remains unspecified.
Blackstone stock traded at 110.63 euros on Lang & Schwarz at 1:02:11 p.m. CET on Thursday, November 12, 2026.
Blackstone Inc. At A Glance
- Company: Blackstone Inc.
- ISIN: US09260D1072
- Ticker: BX
- Latest quote: 110.63 euros on Lang & Schwarz, Thursday, November 12, 2026, at 1:02:11 p.m. CET
- Assets under management: Nearly 1.4 trillion US dollars
- Business: Alternative asset management
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