DUBAI / Emirates Business
wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, has taken a leading position in Dubai’s freehold market following the announcement of its flagship freehold project, wasl1. The project features exceptional and unprecedented property standards, highlighting wasl’s commitment to promoting the freehold sector and consolidating Dubai as the world’s preferred destination for investing, working, living and visiting.
wasl’s sales centre will be open at the Grand Hyatt Hotel Dubai until October 25 to help customers select the units they would like to buy. Sales for the second tower will commence on Thursday, October 26.
wasl1 provides customers with family-friendly apartments at a competitive service fee of AED 14 per square foot. Phase 1 of the project – Park Gate Residences – is ideally located adjacent to Zabeel Park, where residents will find 746 modern apartments in four luxurious residential towers on one podium, all of which overlook the lush green gardens of Zabeel Park and make nature their private courtyard.
HE Hesham Al Qassim, CEO of wasl Asset Management Group, commented: “At Park Gate Residences, we applied our extensive experience in the Dubai’s real estate market and our knowledge of the needs and expectations of our customers to develop a truly exceptional project. Given our large portfolio that includes over 35,000 units of different sizes and types, this has put us in a position to provide our customers with excellent residential opportunities and a 99% satisfaction rate with our ability to meet their needs and offer comfortable living in Dubai.†The project will include integrated spaces and a building designed to resemble the number one (1). Upon completion, it will include a group of nine residential towers and a hotel, four mixed-use towers, and a ‘Central Plaza’.
Al Qassim added: “Since the launch of the first tower at Park Gate Residences, we have received huge numbers of buyers at our sales centre in Grand Hyatt Hotel Dubai, where the entire tower was sold out in less than a week.