After successfully selling out the first two towers of its flagship Wasl1 project in under a month, Wasl, one of the largest real estate management and development companies in Dubai, has released the third tower of Park Gate Residences for sale onto Dubai's freehold property market.
The three towers are part of Park Gate Residences, phase 1 of the Wasl1 project, which is the company's iconic parkside freehold master development in the heart of Dubai and is strategically located directly overlooking Zabeel Park and near the Dubai Metro. It is also the first freehold project to be developed in the Zabeel area.
Zainab Mohammed, Chief Property Management & Marketing Officer at Wasl properties, commented: “Our unmatched success in selling Towers C and D at Park Gate Residences demonstrates the accuracy of our expectations for this project and highlights the excellent features it offers residents. The most attractive among these are its spacious and contemporary units, and exceptional facilities, which are enhanced by its unique location and tranquil setting in the heart of the city. We expect the third tower, Tower A, to attract even higher demand, especially among buyers who missed out on units at the first two towers.”
Park Gate Residences encompasses four luxury residential towers on a shared podium and will provide 746 modern apartments to the market. 207 units, which include one, two and three bedroom apartments, will be available for sale in the third tower. Park Gate Residences also provides 25,000 square metres of retail space, which will provide residents with a wide range of leisure and entertainment options.
Wasl1 supports Dubai's vision for the freehold sector and creates a harmonious relationship between urban and natural characteristics to attract different investor groups. The development is a gateway between Old and New Dubai, with plenty of exceptional amenities including landscaped gardens, swimming pools and water features.