Press Releases

Mohammed Bin Rashid Global Centre for Endowment Consultancy Grants Dubai Endowment Sign to wasl Asset Management Group

Mohammed Bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) presented the Dubai Real Estate Corporation’s wasl Asset Management Group (wasl) with the Dubai Endowment Sign for the second consecutive year. The entity earned the distinction for providing financial support valued at AED4 million to 24 government schools and other educational institutions in the UAE between 2014 and 2019.His Excellency Hesham Abdulla Al Qassim, CEO of wasl, received the Dubai Endowment Sign from His Excellency Essa Al Ghurair, Chairman of MBRGCEC and Awqaf and Minors Affairs Foundation (AMAF), at AMAF headquarters in Dubai.

wasl progresses with the construction of its Warsan project ahead of Expo 2020

wasl properties, a subsidiary of wasl Asset Management Group, is proud to announce that construction on its Warsan project is well underway for a timely delivery for Expo 2020.The Warsan project will comprise 35 buildings in a community-style layout that when completed will provide 3,866 residential units — 3,380 shared units, 360 studio units  and 126 one-bedroom apartments — spread over a built-up area of 2.14 million sq. ft.Hesham Al Qassim, CEO of wasl Asset Management Group, commented: “We launched our Warsan project as part of our strategic preparations to deliver much-needed accommodation for hospitality and staff in the build-up to Expo 2020. Dubai is setting up to receive an estimated 25 million unique visitors and to cater to this influx of people, it is of vital importance that the hospitality sector be granted residences to assure optimal performance and best represent the Emirate.

wasl properties reveals grand-prize winner of its Ramadan Competition

wasl properties has announced the winners of its Ramadan Competition. The competition took place throughout Ramadan and aimed to celebrate children’s creativity, highlight their innovation, and reward their artistic talents and celebrate the “Year of Tolerance’Nine-year-old, Inigo Andreas Lara was deemed the Grand winner of the competition, receiving the grand-prize scholarship tuition of AED 25,000 while wasl committee selected Fathima Suraj, Vishaal Chandramohan, Nathan Pinto and Inigo Anrdreas Lara to be the four winners of the year who were all given a Nintendo Switch console.wasl committee also selected Heena Bhatia, Dima Abdulmunem Bitar, Naziha Banu Abdulla Moidin Fathim and a fourth individual as winners at The Instagram Photography Competition who were all given a voucher for a complimentary one-night stay at The Bay at Mandarin Oriental Jumeira, Dubai. wasl’s Ramadan Competition is in its ninth annual edition.

wasl properties continues to cater to mid-income earners

wasl properties, a subsidiary of wasl Asset Management Group, announced the launch of its ‘wasl oasis III’ development into the market. The project, located in Muhaisnah, will offer 253 units and comes as part of wasl’s strategy to provide affordable housing options in established areas of Dubai, following the successful launch of two previous buildings of the same name in the area.wasl oasis III is made up of 253 residential units, comprising 54 one-bedroom units ranging in size between 637 – 807 sq. ft and start from AED 42,000 in annual rent, 165 two-bedroom apartments ranging in size between 896 – 1,222 sq. ft and starting from AED 52,000 in annual rent, twenty 1,259 sq. ft. two-bedroom apartments with maid’s room and start from AED 59,000 in annual rent, and two 1,399 sq. ft three-bedroom apartments starting from AED 72,000 in annual rent. Moreover, the project is offering 6 three-bedroom units with maid’s rooms ranging in total size between 1,701 – 1,783 sq. ft.

wasl properties releases first building in its unique ‘wasl port views’ project

wasl properties, a subsidiary of wasl Asset Management Group, announced the release of the first building of its unique ‘wasl port views’ development, which is located adjacent to Port Rashid between Al Mina Road and Jumeirah Beach Road. The launch comes as part of the company’s plans to add quality residential, commercial, and hospitality accommodation offerings to the market and meet the significant demand from tenants interested in living and working in this vibrant area. The building will offer 270 modern units, comprising 90 one-bedroom apartments that range in size between 914.6 – 1011 sq. ft and start from AED 67,000 in annual rent; 66 two-bedroom units, ranging in size between 1,367 – 2097 sq. ft and starting from AED 90,000 in annual rent; 66 two-bedroom units with maids rooms, ranging in size between 1,463 – 1743 sq. ft and starting from AED 95,000 in annual rent; and 48 three-bedroom units with maids rooms, ranging in size between 1,743 – 2646 sq.

 50% of ‘The Nook’ buyers are Emiratis

wasl properties, a subsidiary of wasl Asset Management Group, announced the success of the company’s strategy of encouraging target groups, especially Emirati youth and small Arab families, to invest in real estate. wasl achieved its intended goals during the campaign with notable sales of its units at ‘The Nook’wasl’s investment strategy — launched in October 2018— is tailored to encouraging the youth to save and invest in real estate to achieve balance between the fundamental necessities of life and investing in the future.The strategy revealed the emergence of millennial investors in the Dubai real estate market who contributed to the success of wasl’s campaign through the unprecedented sales of studio apartments and one-bedroom units at ‘The Nook’.

wasl continues its youth awareness programmes

wasl properties, a subsidiary of wasl Asset Management Group, affirmed that its real estate project offers aim to promote real estate investment as a saving solution and introduce new practices among the youth to empower them to face the future. The company continues to roll out its awareness programmes for young UAE nationals and residents to encourage them to make investments and future savings.On 25 April, wasl is organising a special sales day, which will be a first in the real estate sector, with the availability of the second phase units of The Nook, located on Sheikh Zayed Road and in proximity to Ibn Battuta Mall. The sales day, to be held at Hyatt Regency Creek Heights from 2 – 8pm, offers units starting from AED 377,000 for studio apartments and AED 877,000 for three-bedroom apartments.

wasl properties launches ‘wasl link’ in Muhaisnah

wasl properties, a subsidiary of wasl Asset Management Group, announced the release of its ‘wasl link’ development into Dubai’s leasehold market. The new launch forms part of the company’s strategy to provide affordable housing options in established areas of Dubai.wasl link will be located in Muhaisnah and will provide the market with 247 units comprising a total of 8 studios (386 – 434 sq. ft), 95 one-bedroom apartments (620 – 855 sq. ft), 129 two-bedroom apartments (1,076 – 1,335 sq. ft), and 15 three-bedroom apartments (1,516 – 1,624 sq.

wasl confirms Dubai’s real estate market attractiveness and vitality

wasl properties announced today the complete sale of its ‘Gardenia Townhomes’ development after the launch of sales for the project’s second phase which was originally scheduled to launch at the end of 2020 according to the company's plan. wasl announced an open house for the project on 20 January, and in response to the unanticipated high demand from customers, the company launched the sales the following day on the 21st to cater to the strong, unprecedented demand by interested buyers and investors who booked half of the project’s released units on the first day, amounting to 128 townhouses. The company also granted buyers a payment plan that spans till the end of 2020 and announced an ‘Investor Package’ that enables customers to pay until the end of next year.

wasl properties leases almost 90% of its ‘wasl Crystal’ buildings in 3 months

wasl properties, a subsidiary of wasl Asset Management Group, announced the leasing of 90% of its units at its ‘wasl Crystal’ buildings in Al Quoz within three months. This is a testament to the facilities and consistent quality of living that wasl is offering tenants in the area.The company also launched recently wasl Crystal III which includes 106 units comprising 17 one –bedroom units, 75 two –bedroom units and 14 three –bedroom units. Rents start at AED 43,000 for one-bedroom units, AED 53,000 for two-bedroom units and AED 73,000 for three-bedroom apartments. Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, said: “wasl’s mandate is to cater to all segments in the market and meet customers’ demand. The monumental success we achieved over the past three months with our wasl Crystal buildings is evidence of the important position an area like Al Quoz is having on tenants.