W Capital, a real estate brokerage firm based in Dubai, announced that it was successful in selling an entire floor of the “Reef 1000” project in the Dubailand residential complex in record time, for a value of 25 million dirhams.
Commenting on this, Walid Al Zarouni, Chairman of the Board of Directors of W Capital Real Estate Brokerage, said: “We have once again succeeded in selling an entire residential floor in one of Dubai’s prestigious residential projects, which in the (Reef). 1000), which is being developed by Reef Real Estate Development Company in the Dubailand Residential complex.
The “Reef 1000” project includes studios, one- and two-bedroom apartments, and this project reflects innovation, luxury and harmony with nature through unique design and architectural elements thoughtful
The project features “air-conditioned underwater gardens” technology, the first of its kind in the world, which offers a climate-controlled environment inspired by the natural world, which helps to create an ideal environment for relaxation and social interaction throughout the year.
The prestigious location in the residential center of Dubailand provides an authentic environment to enjoy comfort and smooth transportation. Residents can enjoy Dubai’s vibrant lifestyle thanks to its proximity to major highways that provide quick access to Downtown Dubai, Dubai International Airport and commercial and entertainment hubs.
The location combines the tranquility of suburban living with the convenience of access to urban amenities, ensuring residents enjoy the best international quality services. This fast-growing area is known for its family-friendly atmosphere, with all amenities such as schools, parks, malls and restaurants nearby.
Reef Real Estate Development Company announced that all units in its new residential project “Reef 1000” were sold out on the first day of launch, with a total investment value of 175 million dirhams.
The project has received a lot of attention from investors and residents alike, especially due to the unique design of sunken, climate-controlled balconies, which is considered the first of its kind in the Emirates and the world. This globally patented concept represents a quantum leap in building design, providing residents with a comfortable outdoor space to enjoy all year round, redefining the living experience a- out in dubai.
The project includes 125 unique residential units of various designs to meet the needs of different lifestyles, with spaces ranging from studios with an area of 436 square feet to townhouses with areas of up to 1,653 square feet.
Also, the innovative payment plan offered by the company helped to make this luxury project more attractive to buyers. The “Reef 1000” project is expected to be delivered in the fourth quarter of 2026.
It is worth noting that “Reef Real Estate Development” is expected to launch the project “Reef 999” in the lively area of Al Furjan, which is 10 minutes away from Marina Airport and Al Maktoum.
Walid Al Zarouni confirmed that the sale of residential units from the “Reef 1000” project as a whole reflects the positive market situation, explaining that the Dubai market offers many residential options suitable for all sectors , so this diversity available in the market fulfills the success equation. which the economy of Dubai is focused on in general, and the real estate sector in particular.
On the other hand, Al Zarouni noted that this great diversity and unprecedented demand in the real estate sector in the Emirate of Dubai and the supporting economic factors helped achieve record sales every week, every month and every year, over 4 consecutive years, adding that this diversity is enough to ensure that real estate transactions will continue to rise until they reach… To trillions of dirhams in the next few years.
2024-11-23 07:49:00
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* **Given the increasing global interest in sustainable development, how do you see “green” building practices and eco-friendly features influencing the future direction of Dubai’s real estate market?**
## World Today News Interview: Dubai’s Booming Real Estate Market and the “Reef 1000″ Success
**Introduction**
Welcome to World Today News. Today, we’re discussing Dubai’s thriving real estate market and a significant recent sale: an entire floor of the “Reef 1000” project in Dubailand sold for 25 million dirhams in record time. To delve deeper, we have two esteemed guests joining us:
* **Mr. Walid Al Zarouni**, Chairman of the Board of Directors of W Capital Real Estate Brokerage, the firm behind this impressive sale.
* **Ms. [Insert Name of Real Estate Expert/Analyst]**, a respected expert on Dubai’s property market trends and investment opportunities.
Let’s begin!
**Section 1: The Appeal of “Reef 1000”**
* **Mr. Al Zarouni, congratulations on this successful sale. What factors attracted buyers to “Reef 1000,” leading to such a swift purchase of an entire floor?**
* **Ms. [Expert’s Name], considering “Reef 1000″‘s unique features like the climate-controlled “underwater gardens,” how do innovative design elements impact buyer decisions and ultimately drive sales in Dubai’s competitive real estate landscape?**
**Section 2: Dubai’s Real Estate Boom**
* **Mr. Al Zarouni, you mentioned a positive market situation in Dubai. What specific economic factors are contributing to this sustained boom in the city’s real estate sector?**
* **Ms. [Expert’s Name], some argue that Dubai’s rapid growth may create a potential bubble. Do you see any warning signs, or are the current market fundamentals strong enough to sustain this upward trend?**
**Section 3: The Future of Dubai’s Real Estate**
* **Mr. Al Zarouni, with “Reef 1000” sold out and “Reef 999” on the horizon, what trends do you foresee in Dubai’s luxury residential market in the next few years?**
* **Ms. [Expert’s Name], how do you see Dubai positioning itself against other global real estate hubs? What unique advantages will maintain its attractiveness to international investors?**
**Section 4: Affordability and Accessibility**
* **Mr. Al Zarouni, while luxury developments like “Reef 1000” are thriving, how does W Capital address the need for affordable housing options in Dubai’s diverse market?**
* **Ms. [Expert’s Name], what initiatives or policies do you see as crucial
to ensure a balanced and sustainable real estate market in Dubai, catering to both luxury and
affordable housing needs?**
**Conclusion**
Thank you both for providing such insightful perspectives on Dubai’s vibrant real estate market.
Mr. Al Zarouni and Ms. [Expert’s Name], any final thoughts for our viewers
interested in understanding the opportunities and challenges within this dynamic sector?