A senior official of the 'W Capital' receives the award during the ceremony in Dubai.

Staff Reporter, Gulf Today

"W Capital," a leading real estate brokerage in the UAE, headquartered in Dubai, won the award for the best real estate broker for the “Joya Blanca Residence” project in the heart of Arjan in Dubai land.

The active and fruitful contribution to the sales of the project, which is being developed by "Green Yard Properties Development," resulted in snatching the award by "W Capital" who topped in terms of the value of sold units.

"W Capital" said that this event crowns the efforts of the company, which is considered one of the most active company for new real estate projects, targeting many segments of the population in the UAE as a whole.

CEO Walid Al Zarouni said that the "Joya Blanca" project is one of the housing projects that target middle-income groups and one of the projects that were sold quickly, which had positive effects on the real estate market.

"Such projects are well sought after by the real estate market in Dubai," said Al Zarooni, adding that the revival of demand in the market since the beginning of 2021 is due to the organization of the "Expo 2020 Dubai" exhibition and the new rules for residency systems, which included the “ Golden Visa” for 10 years that is given to certain categories, and green residency that separates the employer on behalf of the individual, as well as reducing the value of the property to Dhs750,000 from Dhs1 million within the Tasken programme adopted by the Dubai Land Department.

He pointed to the additional support for the real estate market resulting from raising the value of house loans in Dubai for UAE nationals to one million dirhams, in addition to the real estate legislation and decrees aimed at facilitating investments in the sector and encouraging liquidity injection.

This year, Green Yard Properties Development launched its green and sustainable residential project "Joya Blanca" in the Arjan Al Barsha area in Dubai, at a total cost of Dhs150m.

The new 10-storey low-rise residential project will house contemporary and elegant residential units elegantly designed to suit modern living styles.

The project provides 313 housing units consisting of 153 studios, 151 one-room apartments, and 9 two-room apartments, with each unit featuring nice colors and high-quality finishes. Buyers and investors will enjoy flexible payment plans of up to 5 years with a down payment of 10%.

The project is part of a fenced community provided with all the facilities buyer are looking for such as educational institutions, retail outlets and entertainment platforms, all available in close proximity.

The project includes a swimming pool, children's playing area, gym, retail market, ample parking space, gardens, restaurants and cafes.

Al Zarooni pointed to the new relationship between "W Capital" and real estate development companies, exceeding 50, which play a vital role in obtaining exceptional prices for customers, and the portfolio of real estate developers includes major companies operating in Dubai and the Middle East.

Al Zarouni stated that "W Capital" has achieved nearly 210 real estate deals, since the beginning of the year   .