W Capital sells whole floor of Palm Beach Tower for $10.75m

W Capital, a leading real estate brokerage company in Dubai, has sold a full floor in the Palm Beach Towers project in the Palm Jumeirah area for AED39.5 million ($10.75 million).

Walid Al Zarooni, Chairman, said the residential floor totaled an area of 11,496 sq ft. The project, located in the Palm Jumeirah area, is being developed by Nakheel, a 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 Towers project is under construction and is underway to be completed and handed over on schedule.

Al Zarooni expected that the strong performance of real estate sales in Dubai will continue in the remainder of 2022, so the market will continue to record numbers in all types of real estate transactions.