Dubai’s key attraction for wealthy shoppers

The project, located in the Palm Jumeirah area, is being developed by Nakheel.

Inayat-ur-Rahman, Enterprise Editor

Dubai attracts a large portion of the wealthy to buy luxury real estate in Dubai. Recently, Indian billionaire Mukesh Ambani bought an $80 million (Dhs 300 million) beachfront villa in Dubai, which is the biggest residential real estate deal ever in the city.

So said Walid Al Zarooni, Chairman of W Capital, in an exclusive interview with Gulf Today, adding that the city of wonders is on its way to becoming the most expensive city in the world.

Al Zarooni believes that Dubai is a safe haven for the rich and has earned their trust, 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 transformation supported by the ambitious plans of the government.

W Capital, the leading real estate brokerage firm in Dubai, has successfully sold a full floor of the Palm Beach Towers project in the Palm Jumeirah area.

Al Zarooni revealed that the project, located in the Palm Jumeirah area, is being developed by Nakheel, the main property developer.

He pointed out that the success of “W Capital” in promoting the project and selling an entire floor, reflects the brokerage company’s great confidence in the Dubai property market.

He pointed out that the Palm Beach Tours project is under construction and is on track 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 launch stage of building number 3.

He said the new edition includes 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 beautiful waterfront and Dubai skyline.

Keith P. Plain