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Press Releases


wasl properties releases a second block of its ‘wasl district’ project into the market

wasl properties, a subsidiary of wasl Asset Management Group, has announced the official release of ‘Block A’ — phase two of wasl district into the market. The first phase was delivered on December 2017 and featured 166 units that were leased in a record one week only. The company’s mission is to maintain the city’s rich history and strives to cater to its customers’ needs by delivering on their perceptions.Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, said: “wasl district project is underlined by wasl’s deep reverence for the UAE’s heritage, and the company’s ongoing efforts to preserve and share it by revitalising older areas of Dubai. Last year we handed over 166 units that comprised the first phase of the project, all of which were leased within a record one week.


wasl properties launches ‘Zayed Ramadan Competition’

wasl properties celebrates the spirit of the holy month of Ramadan with its tenants by launching the ‘Zayed Ramadan Competition’ for talented kids, which seeks to showcase the creativity of children between the ages of four and 13, and reward them by offering valuable prizes as part of the ‘Year of Zayed’ initiative.Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, commented: “This competition carries many valuable meanings and aims to highlight the spirit of generosity of this holy month, as well as celebrate the ‘Year of Zayed’ and the embodiment of the unique teachings of the Founding Father.


wasl breaks a Guinness World Records title in celebration of the ‘Year of Zayed’

Dubai, United Arab Emirates, 13 March 2018: wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, has broken a Guinness World Records title for the largest aerial projection screen, which took to the skies in celebration of the ‘Year of Zayed 2018’. The record-breaking effort is part of wasl’s wider efforts to unite the country in commemorating the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE. The event was attended by a large audience from across Dubai, as well as Guinness World Records representatives who were present to document the achievement.


wasl properties Completes 'wasl district'

Dubai, United Arab Emirates, 26 December 2017: wasl properties, a subsidiary of wasl Asset Management Group, has officially completed wasl district – the company’s heritage project in the Naif area of Deira. The project fulfils wasl’s mission to maintain the city’s rich history, and follows the launch of wasl district Souq in 2015.Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties said: “wasl district project is underpinned by wasl’s deep respect and appreciation for the UAE’s heritage, and the company’s ongoing efforts to preserve and share it by revitalising older areas of Dubai. Through culturally inspired real estate projects like wasl district, wasl is celebrating areas of the city that may otherwise be overlooked while also providing residents with a development that offers the perfect mix of old and new. The final phase of the project incorporates residential, retail and office components.


wasl releases its third tower for sale at Park Gate Residences

After successfully selling out the first two towers of its flagship wasl1 project in under a month, wasl Asset Management Group, 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.


wasl properties releases ‘wasl Opal’ for leasing

Dubai, United Arab Emirates, 25 October 2017: wasl properties, a subsidiary of wasl Asset Management Group, has released its highly anticipated ‘wasl Opal’ building for leasing, bringing 90 new residential units and additional retail spaces in Umm Hurair, close to Karama Central Post Office. The project reflects wasl’s mission to provide Dubai’s real estate market with much needed mid-range housing in strategic areas across the city.‘wasl Opal’ offers residents a highly strategic location that links them with all parts of Dubai, as well as meticulously finished apartments, modern amenities, and a wide range of retail and leisure opportunities on their doorstep.At ‘wasl Opal’, tenants have the option of one, two or three bedroom apartments, some with a maid’s room, ranging from 1,002 to 2,051 square feet in size.


200 units were sold in wasl1 within few hours

Dubai, United Arab Emirates, 23 October 2017: 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.wasl1 provides customers with family-friendly apartments at a competitive service fee of AED 14 per square foot.


In cooperation with DEWA, Smart Dubai, Emirates NBD, and the General Directorate of Residency and Foreigners Affairs

Dubai, United Arab Emirates, 11 October 2017: wasl Asset Management Group, Dubai Land Department (DLD), Dubai Electricity & Water Authority (DEWA), the Smart Dubai Office, Emirates NBD, and the General Directorate of Residency and Foreigners Affairs (GDRFA) have jointly announced the launch of a new electronic services system for registering and renewing smart real estate leases using blockchain technology.


wasl Asset Management Group forges ahead with Phase 1 of wasl1

Dubai, United Arab Emirates, 20 August 2017: wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, is forging ahead at wasl1 – the company’s iconic parkside freehold master development in the heart of Dubai. Enabling works are now underway following the appointment of Kele Contracting for Phase 1 of the project. Hills & Fort Construction LLC is also on site managing the infrastructure for the entire development, which is taking shape as part of wasl’s growing freehold portfolio.His Excellency Hesham Al Qassim, CEO of wasl Asset Management Group, commented: “wasl1 is the latest milestone in our mission to provide Dubai with community living spaces that blend the best of city living with a lifestyle surrounded by bliss. We are especially proud of this project, which is our first master development and reflects Dubai’s vision for the freehold sector.


wasl marks ‘Zayed Humanitarian Day’ with a range of initiatives

wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, has launched a range of charitable and humanitarian initiatives to commemorate ‘Zayed Humanitarian Day’, which is celebrated annually on the 19th day of Ramadan and fell on the 14th June this year.The company has expanded its charitable activities to ensure that they reach the highest number of beneficiaries, in line with the objectives of the UAE’s ‘Year of Giving 2017’ and to uphold the charitable spirit of the holy month, while also reflecting the giving nature of the late Sheikh Zayed Bin Sultan Al Nahyan, who planted this value in the hearts of everyone in the UAE.The initiatives organised by wasl aimed to honour the noble qualities of the late founder of the UAE, and the good that he spread across the world by giving to the needy and alleviating the suffering of the sick, poor and homeless.