Waleed Al Zarouni, Chairman of the Board of Directors of "W Capital" real estate brokerage firm, confirmed that recording strong sales reflects the real estate market in Dubai's ability to maintain its momentum and stability, supported by the confidence of local and international investors in the UAE economy and investment environment. He pointed out that the market is not witnessing a slowdown, but is going through a natural maturity stage characterized by a rise in the level of selectivity and focus on the quality of projects, developers, and strategic locations. He added that Dubai continues to enhance its position as a main global destination for real estate investment, benefiting from several factors, most notably attractive rental returns, foreign freehold ownership, and a stable regulatory environment. Dubai's real estate market recorded remarkable performance from the beginning of March until the end of Friday's trading, achieving sales of 36.2 billion dirhams through executing 11,039 deals, while the total real estate transactions amounted to about 47.64 billion dirhams, a clear indicator of the strong momentum the real estate sector continues to witness and the high level of investor confidence, despite the tensions in the Middle East region, which confirms the market's ability to maintain its attractiveness and stability. Real estate transactions and sales in Dubai are heading to achieve new record numbers in the first quarter of 2026, as sales before the end of the official period of the first quarter of this year grew by 19.73% annually, reaching 170.03 billion dirhams, compared to about 142 billion dirhams recorded in the comparable quarter of 2025. Al Zarouni's statements came on the occasion of "W Capital" announcing the completion of selling 33 residential units in the "STAX" project located in Dubai Jumeirah Village Circle, with a total value of 33.6 million dirhams, a new sign of the continued strong activity in Dubai's real estate market, despite the geopolitical tensions in the region. The "STAX" project, developed by "Pasha One", is located in a prime location within Dubai Jumeirah Village Circle. The project consists of two residential towers that accommodate 528 diverse units, including studios, multi-room apartments, as well as duplexes. "Pasha One" had launched the project in December 2025 with total investments reaching 550 million dirhams, with completion scheduled for August 2028, a step that marks its official entry into the real estate development market in Dubai.
