Will one be eligible for zakaat if he owns properties over and above his needs?

Q: Please advise with regards to the following situation:

1. Yusuf is indebted for R1 million. Currently he has no means to pay the amount. He is working and earning a salary of R20000 pm. However this merely suffices for his monthly household expenses. He is therefore unable to pay anything towards the debts owed.

2. He owns a twenty five percent share in a property which is vacant. The value of his share is approximately R1 million.

3. He owns a share in a business wherein he is a sleeping partner. He is currently not earning any income from this business though there is expected capital growth. His share is worth approximately a million rands.

4. He has another freehold property which he lives in, worth approximately R2 million.

QUESTION: In light of the details above, is he eligible to RECEIVE zakaat? (Some persons are prepared to help him with zakaat so that he can settle his debts).