W Capital latest “Reef 1000 “deal in DubaiLand
An entire floor for AED 25 million
*Selling out the entire “Reef 1000” project is a proof of the robust market
Walid Al Zarooni
Dubai, UAE:tuesday, November 26, 2024
Dubai-based real estate brokerage “W Capital” managed selling an entire floor of the “Reef 1000” project in the Dubai Land residential complex in record time for AED 25mn.
“We have succeeded once again in selling an entire residential floor in one of the distinguished residential projects in Dubai, the “Reef 1000”, which is being developed by Reef- Real Estate Investments in the DubaiLand residential complex,” said Walid Al Zarooni, W Capital CEO.
Featuring studios, one- and two-bedroom apartments, Reef 1000 reflects innovation, luxury and harmony with nature through unique design and thoughtful architectural elements.
The project features the world’s first “Air-Conditioned Sunken Gardens” technology, which provides a climate-controlled environment inspired by the natural world, helping to create an ideal environment for relaxation and social interaction throughout the year.
The prime location in the Dubailand residential complex also provides a clean environment for comfort and smooth mobility. Residents can enjoy the vibrant lifestyle in Dubai thanks to its proximity to major highways that provide quick access to Downtown Dubai, Dubai International Airport and popular commercial and entertainment centers.
The location combines the tranquility of suburban residential life with the convenience of urban amenities, ensuring residents enjoy the best world-class services. This rapidly growing area is known for its family atmosphere, with all facilities such as schools, parks, shopping malls and restaurants available nearby.
Reef -Real Estate Investments announced that all units in their new residential project, Reef 1000, were sold out on the first day of its launch, with a total investment value of AED 175 million.
The project has received wide attention from investors and residents alike, especially thanks to its unique design of sunken, climate-controlled balconies, which are the first of their kind in the UAE and the world. This globally patented concept represents a quantum leap in real estate design, as it provides residents with a comfortable outdoor space to enjoy throughout the year, redefining the outdoor living experience in Dubai.
The project includes 125 exclusive residential units with designs that vary to suit different lifestyle needs, with spaces ranging from studios of 436 square feet to townhouses of up to 1,653 square feet.
The innovative payment plan offered by the company has also contributed to making this luxurious project even more attractive to buyers. The units of “Reef 1000” are expected to be handed off during the fourth quarter of 2026.
It is worth noting that “Reef- Real Estate Investments” is expected to launch the “Reef 999” project in the vital Al Furjan area, which is 10 minutes away from the Marina and Al Maktoum Airport.
Walid Al Zarooni stressed that the sale of “Reef 1000” residential units in full reflects the robust real estate market. He said that explaining that the Dubai market offers many housing options that suit all categories, so the market diversity boost the Dubai economy in general, and the real estate sector in particular.
Al Zarooni noted that, on the other hand, this diversity, besides unprecedented demand in the Dubai real estate sector, as well as the supporting economic factors, facilitated the achievement of record sales weekly, monthly and annually over 4 consecutive years. This diversity is sufficient to ensure that real estate transactions continue their trajectory until they reach the expected one trillion dirhams in the coming few years.
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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.
