Dubai key attraction for wealthy buyers

Inayat-ur-Rahman, Business Editor

Dubai is attracting a big stake of the wealthy people to buy luxury real estate property in Dubai. Recently, the Indian billionaire Mukesh Ambani bought a beachfront villa worth $80 million (Dhs 300 million) in Dubai, which is the largest residential realty deal in the city ever.

This was stated by Walid Al Zarooni, , Chairman, W Capital, during an exclusive interview with Gulf Today,  adding that the City of Wonders is on the way to become the most expensive city in the world.

Al Zarooni believes that Dubai is a 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.

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.

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.