Press Releases

wasl meets Mohammed bin Rashid’s appeal to plant the Union Tree

In response to the initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai; wasl announced that it planted a Union Tree yesterday afternoon on the occasion of the UAE’s 41st National Day celebrations, at the Dubai Creek Golf and Yacht Club, part of wasl’s portfolio of assets. The event was attended by His Excellency Mr. Hisham Abdullah Al Qassim, CEO of wasl Asset Management Group, together with a group of senior managers and executives. This move comes within the framework of many initiatives from past to present that highlight wasl group’s commitment to uphold its corporate social responsibility – even though the company is still young, having been founded in 2008.

wasl Asset Management Group, one of the largest real estate management companies in Dubai, today announces that it will be sponsoring the World Energy Forum (‘WEF’)

This conference, normally held at the UN Headquarters in New York, will be held this year for the very first time outside the US and in Dubai. WEF will play a major role in the global sustainability debate, looking for progress towards cleaner, safer and more sustainable energy. One of the primary objectives will be to chart a roadmap for a sustainable energy mix that can drive global economic and social development. As one of the largest landlords in Dubai with over 25,000 real estate assets managed on behalf of Dubai Real Estate Corporation and other corporate and individual owners, wasl is committed to sustainable business practice. Despite being a young company formed in 2008, wasl has a strong focus on environmental and green initiatives.

Dubai, UAE, 12th Aug, 12
Future Perfect

It’s the million-dollar question. Has the Dubai property market turned a corner? Hesham Al Qassim pauses and his face breaks into a wide smile. “What do you think?” he asks. I mutter something unintelligible about increased demand for premium areas of the city.Al Qassim’s smile widens. “The market is starting to roll over again,” he corrects me. “I think it’s the right time for it. The market has to move at some point; it’s four years from the time that everything started to slow down, and I think that prices have gone below the right level. It’s the right level to buy again.”It’s fair to say that nearly every self-proclaimed expert has had his opinion on the state of play in Dubai’s real estate market since the bubble burst in 2008. But then again, Al Qassim is in a far better position than most to give a transparent assessment. He is the CEO of Wasl Asset Management, which looks after the property portfolio owned by the government’s Dubai Real Estate Corporation (DREC).

Owners Association for Horizon Tower appoints wasl properties

wasl properties announced today that it was appointed by Owners Association (OA) Managers of the iconic Horizon Tower in Dubai Marina.Two of wasl properties Commercial and Owner Association Management team, Mohammed Yahya and Charles Rosenbaum, were also recently invited to become part of the newly established Dubai Jointly Owned Property Owners Guide (DJOPOG) committee. This is an initiative led by the Dubai Real Estate Institute (DREI), part of the Dubai Land Department. The DJOPOG committee has been formed to review and adapt the USA’s well-established guidelines for the local real estate market in DubaiMohammed Yahya, Senior Director, Commercial and Owners Association Management at wasl properties said:“wasl properties continues to gain the trust of the market place through its honest and transparent standards of service.

wasl launches “wasl square” in the heart of Jumeirah

wasl Asset Management Group (‘wasl’), the largest real estate management company in Dubai, has officially launched the first phase of wasl square, its new community development in the heart of Jumeirah which includes townhouses, apartments and retail space.Commenting on the launch, Zainab Mohammed, General Manager Property Management Department at wasl Asset Management Group, said: “We continue to deliver projects through the economic cycle supporting Dubai’s development programme and are proud to be launching wasl square in the heart of one of the most desirable parts of the City. Given its exceptional location and range of modern accommodation and retail outlets, I am confident wasl square will quickly become a vibrant community and one of the most sought after places to live.”wasl square is an integrated community development located in Jumeirah on the corner of Al Wasl Road and Hadiqa Street, with direct access to Sheikh Zayed Road.

wasl wins its second Owner Association management contract

wasl properties LLC, the property management arm of wasl Asset Management Group (‘wasl’), the largest real estate management company in Dubai, today announced it has been selected by the interim association general assembly and Ecostar International Holdings FZCO for association management services. This is wasl’s second association management contract win since the recent launch of this business line.Located at the Silicon Boulevard, Dubai Silicon Oasis, the 12-story Park Terrace and 15-story Park Avenue towers offer residential, commercial and retail units situated a few minutes away from the main shopping centres and attractions in Dubai. The contract includes the management of the towers in every respect including all technical, financial, commercial and facility aspects as per Dubai Jointly Owned Property Law.

wasl wins its first freehold market association management contract

wasl properties LLC, the property management arm of wasl Asset Management Group (‘wasl’), the largest real estate management company in Dubai, today announced it has been awarded a contract by ETA Star Property Developers appointing them as the owner association manager of Al Manara Tower in the Business Bay area.Mohammed Yahya, Sr. Director Commercial & Owner Association Management, wasl properties said: “This is a very significant contract representing wasl’s first move into the freehold owner association market. The freehold market represents a major area of growth for wasl. For over 30 years we have set the benchmark in Dubai for property and facilities management service delivery.

Mohammed bin Rashid visits wasl Group and endorses tourism projects worth two billion dirhams

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, visited today the headquarters of wasl Asset Management Group (wasl), a subsidiary of Dubai Real Estate Corporation (DREC).