Wahat Al Zaweya combines the traditional UAE lifestyle with modern real estate development projects
Khaldoun Saleh: Facilitating real estate purchasing for locals by providing easy payment installments
by Abdelghani Abughazaleh
The real estate sector is witnessing sustainable growth and huge demand from the Emiratis in the UAE. This has encouraged Real Estate companies to launch new projects and increased Emiratis and investors trust in this important market. Wahat Al Zawya succeeded in providing extraordinary projects dedicated for Emiratis and facilitated the owning of lands and dream homes through providing easy payments and financing options. Marasi Yachts has exclusively interviewed Mr. Khaldoun Saleh, the General Manager of Wahat Al Zaweya who further elaborated about the company’s vison in Real Estate development and their competitive offers.
Before talking about the project and its specifications, would you please tell us why you chose to establish “Wahat Al Zaweya” project at Al Ain city borders?
Before we chose this site, we have thoroughly studied all the available lands in the UAE in order to develop a Real Estate project that is suitable for the Emiratis in the UAE with affordable prices and away from traffic jams. Based on that, we have chosen this location that satisfies all the aforementioned conditions. “Wahat Al Zaweya” land is located in the heart of the UAE and it will only takes less than an hour for the residents to reach their homes.
What are the products included in this project?
We provide through this project two types of Real estate products, the lands and the luxurious villas that we totally build for Emiratis.
How much is the total space of the project and what is the percentage of the buildings from the total space of the project?
The area of the project is 23 million square meters, with a built-up area of 3 million and 800,000 square meters. Our projects are well known of having small building spaces and large land areas as we have decided to allocate more land spaces for plants, trees and wide greenery. We provide unique Real Estate projects that cannot be found in many of the other projects, as the specifications of our project are based on a deep understanding of the lifestyle of Emiratis in the UAE.
Emiratis like nature and open skies, therefore many Emiratis tend to build tents close to their homes to be used as an open guest house. This encouraged us to dedicate more vast green spaces in order to provide special experience to our residents. On another note, the UAE community enjoys good family bounds and they make sure to visit each other regularly. Cousins tend to sleep over for days and this has encouraged us to provide reasonable spaces inside the villas with extra bedrooms and home facilities. We are proud that we have succeeded in providing Emiratis with their dream homes where they can practice the culture that they have inherited from their ancestors in a modern lifestyle.
You are providing luxurious residents with competitive prices and payment installments that will extend to eight years without banks. How can you do that and still make profits?
Of course, we are making sensible profits, but we aim at making profits without causing a financial burden with unreasonable prices. We plan our expenses and balance it according to our income. We are planning to practice sustainable development that will stimulate supply and demand in a realistic manner. We thank god that whoever invested with us in phase one three years ago are making returns on investments of more than 300% of their capital.
Considering that the project is far away from the city center, did you provide the main facilities that residents need without having to drive long distances out of their homes?
Definitely, this project include shopping malls and high-end shops where residents can find whatever they need there. As well as, large land spaces for schools, mosques, gardens and areas dedicated for women. Furthermore, we are strictly following the standards and the specifications projected by Abu Dhabi Urban Planning Council that aims at establishing a small city within a large one.