The real estate brokerage firm “W Capital” has announced the completion of the sale of 33 residential units within the “STAX” project, located in Jumeirah Village Circle, with a total value of 33.6 million dirhams. This sale marks a positive indication of the robust activity within Dubai’s real estate market, despite ongoing geopolitical tensions in the region.
Walid Alzarouni, Chairman of the company, stated that these results highlight the ability of Dubai’s real estate sector to maintain its momentum and stability. This resilience is underpinned by the confidence of both local and international investors in the UAE economy and investment environment. He noted that the market is not experiencing a slowdown, but rather undergoing a natural maturing phase characterized by heightened selectivity and focus on the quality of projects, developers, and strategic locations. Alzarouni added that Dubai continues to strengthen its position as a leading global real estate investment destination, benefiting from various factors, including attractive rental yields, the option for foreigners to own property, and a stable regulatory environment.
The “STAX” project, developed by “Pasha One”, enjoys a prime location within Jumeirah Village Circle and features contemporary architectural design that combines modern elements with touches inspired by the desert environment. The development comprises two residential towers with a total of 528 diverse units, including studios and multi-bedroom apartments, as well as duplex units.
The unit sizes range from 384 to 3,375 square feet, featuring modern interior designs, expansive windows, and high-quality finishes. The project also offers a comprehensive set of leisure facilities spread over 40,000 square feet, including sports amenities, relaxation areas, family zones, along with swimming pools that boast panoramic views.
Price points for the units start at 663,000 dirhams for studios, ascending to 3.85 million dirhams for duplex units, with flexible payment plans and additional furnishing options available.
“Pasha One” launched the project in December 2025, with total investments amounting to 550 million dirhams, with completion slated for August 2028, marking its formal entry into the Dubai real estate development market.