A Dhs39.5 million deal
The increase in demand for prime real estate in Dubai reflects the confidence of the wealthy. Walid Al Zarooni
Dubai, United Arab Emirates, Thursday ,September 8, 2022:W Capital, the leading real estate brokerage company in Dubai, has successfully sold a full floor in the Palm Beach Towers project in the Palm Jumeirah area.
Walid Al Zarooni, Chairman , said that the value of the residential floor, with a total area of 11,496 thousand square feet in the Palm Beach Towers project, amounted to Dhs39.5 million.
Al Zarooni revealed that the project, which is located in the Palm Jumeirah area, is being developed by “Nakheel” , the leading real estate developer.
He stressed that the success of “W Capital” in promoting the project and selling an entire floor, reflects the great confidence in the brokerage company in the Dubai real estate market .
He pointed out that the Palm Beach Tours project is under construction and is underway to be completed and handed over on schedule.
Al Zarooni noted that Palm Beach Towers, which is one of Nakheel’s residential, leisure and beach projects in the famous Palm Jumeirah, is at the stage of launching building number 3.
He reported that the new edition features a selection of exquisite 1-3 bedroom apartments furnished by B&B Italia, as well as full floor units on the upper floors (47-51). All units will have a balcony overlooking the stunning beachfront and Dubai panorama.
“Thanks to the project’s convenient location and availability of premium amenities, the apartments here are an ideal choice for a vacation home or for rental to generate additional income,” he added.
When completed, Nakheel’s beachfront development will feature plenty of carefully selected recreational amenities such as a landscaped deck with swimming pool, sports fields and 8,600 square feet of retail space. There will be a beach club, a garden , plenty of dining and retail options, a swimming pool, BBQ areas and a jogging track.
The Chairman of W Capital stated that Palm Jumeirah projects are of great interest from the wealthy individuals looking for luxury residences at a time when Dubai has become one of the best global destinations sought after by the rich from all over the world.
Al Zarooni believes that Dubai is the best safe haven for the wealthy and had gained their confidence, especially during and after the “Covid-19” pandemic, thanks to the great state of mobility in terms of infrastructure, services and entertainment, in addition to the urban shift supported by the government’s ambitious plans.
Al Zarooni expected that the strong performance of real estate sales in the Emirate of Dubai will continue in the remainder of 2022, so that the market will continue to record numbers in all types of real estate transactions.
He believes that the diversity of Dubai’s market was a result of extensive experience in real estate and marketing, where the superior quality provided by the real estate developer confirms the high quality of services in real estate projects.
Al Zarooni pointed out that Dubai is attracting a big stake of the wealthy people to buy luxury real estate, pointing out that the Indian billionaire Mukesh Ambani, “Reliance Industries Ltd.”, the mysterious buyer of a beachfront villa worth 80 million dollars ( 300 million dirhams) in Dubai, which is the largest residential real estate deal in the city ever.
He indicated that Dubai is on the way to become the most expensive city in the world, with all the merits that qualify The Emirate to be so.
About “W Capital”:
“W Capital Real Estate Brokerage” was established in 2007 in the United Arab Emirates, specializing in real estate development, buying, selling, renting as well as consulting services for real estate companies.
Since its inception, the company has sold over AED 200 million of properties to major developers.
About Walid Al-Zarooni:
Walid Al-Zarooni is the founder and Chairman of W Capital Real Estate Brokerage. A certified real estate expert from the Dubai Real Estate Regulatory Agency “RERA”, he is the author of “Secrets of the Smart Real Estate Investor”.
Al-Zarooni is one of the first experts to harness social media to raise the public awareness about real estate. He provides almost free advice on a daily basis, as well as latest news and updated information through videos and posts on social media platforms such as “Instagram” , “Snapchat” ,and Twitter, on which he is very active