Wasl Properties is one of the major property developers in Dubai. The company was founded back in 2008 and is part of the Wasl Asset Management Group. It came into being through the merger of two state-owned companies – the Dubai Development Board and the Real Estate Department. The company has more than 47 thousand properties for rent and sale.
Wasl properties has more than 80 real estate management specialists who do their job professionally. CEO Hesham Al Qassim is on the list of one hundred most influential people in Dubai.
The company has ambitious plans. In July, Tiara United Towers, two skyscrapers in the Business Bay neighborhood, began the construction of a new building that will house a total of 424 premium apartments. They will be located near Sheikh Zayed Road with views of Downtown Dubai. This is the developer’s first project in the Business Bay.
Among the most popular projects are:
Park Gate Residences. This is a premium residential complex consisting of four residential towers. The project was launched in 2016 and completed in 2020. It includes 1-3 bedroom apartments priced from AED 1,510,777 (USD 411,325) and is located in Zabeel Park. Amenities such as restaurants, children’s playgrounds, parking, a fitness center, a large swimming pool, and conveniently located retail outlets are available for residents. The buildings are under round-the-clock video surveillance for security. And outdoor lovers can enjoy the walking paths and scenic landscapes of Zabeel Park. It has everything for recreation, from cafes and restaurants to sports and playgrounds. Park Gate Residences are conveniently located not only in relation to entertainment, from here it is a quick drive to Downtown Dubai (10 minutes) and Palm Jumeirah (20 minutes).
Wasl Gardenia Townhomes. This is a residential complex on Sheikh Zayed Road, which includes 257 townhomes with 3-4 bedrooms and garages for two cars. The project also includes 6,500 apartments. The property is priced from AED 1,677,777 (USD 456,793). This is a good option for families who want to combine the comfort of home with the opportunity to participate in city life. The complex includes a social club for residents, equipped with various facilities, including a swimming pool, a playground, and a state-of-the-art gym.
Wasl The Nook is a complex of premium apartments in Jebel Ali, priced from AED 500,000 (USD 136,130). This facility has received a strong positive response from young investors. Buyers can choose from studios or apartments with 1-3 bedrooms. The project is under construction. Its commissioning is scheduled for 2022.
Sign up for our weekly newsletter for market updates!