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Press Releases


Hesham Al Qassim Reveals Optimism for Dubai’s Property Sector

[Dubai, UAE, September 7, 2015] – Dubai’s real estate market is undergoing a healthy correction which is confirming its maturity, says Hesham Al Qassim, CEO of wasl Asset Management Group. Speaking during a keynote address at the Cityscape Global conference, which took place yesterday at the Conrad Hotel, Dubai, Al Qassim stated his belief that the current situation bodes well for the future of the city’s property sector, with continued stability likely over the coming years.Al Qassim used the conference, which precedes the September 8-10 Cityscape Global exhibition, as a platform to highlight the conditions that he says are giving him optimism for the future. He stated that the property market was being sustained by the strength of the UAE economy, with the current correction being experienced likely to last until the end of 2016.


wasl-owned Hyatt Place Baniyas Square Opens for Business

Dubai, UAE, August 1, 2015: wasl Hospitality & Leisure has announced the opening of Hyatt Place Baniyas Square in Dubai. The new facility from the hospitality subsidiary of wasl Asset Management Group – Dubai’s leading real estate development and management organisation – is the second Hyatt Place hotel in the Middle East and marks wasl and the Hyatt Hotels Corporation’s extension of the mid-range hospitality brand in Dubai.The opening of Hyatt Place Baniyas Square follows wasl Hospitality & Leisure’s launch of the Hyatt Place Al Rigga in May 2014, which brought the brand to the Middle East for the first time.


wasl Announces Grand Prize Winner from Ramadan Arts Competition

[Dubai, UAE, July 28, 2015] – A talented young artist has received AED 25,000 to put towards his education thanks to wasl properties. Dubai’s leading real estate organisation has revealed the overall winner from its Ramadan Painting Competition, with 13 year old Daniel Densley De Jesus Chavenia announced as the recipient of the top prize.  wasl's Ramadan Painting Competition is an annual holy month contest the company organises for its young tenants. Daniel, a resident at wasl’s R440 Building, scooped the grand prize by impressing the judges and the public voters with his beautiful composition of the spirit of the holy month. His entry was deemed the best from the four weeks of the competition, which also handed weekly winners an iPad each. “We were delighted to be able to award Daniel with AED 25,000 that will go towards his education fees and hopefully allow him to develop his obvious great skills as an artist even further.


wasl Announces First Week Winners from Ramadan Arts Competition

[Dubai, UAE, July 04, 2015] – wasl properties has announced the results of the first week of its Ramadan Arts Competition for wasl tenants, with two lucky winners awarded a great prize each as a reward for their creative skills. The annual activity from the company is currently open to adults and children, meaning that all generations of wasl tenants have the chance to showcase their artistic skills and win big throughout the duration of the holy month. The winner of the first instalment of wasl’s Ramadan Children’s Painting Competition is Fatima Suraj, a 9-year old living in Samari Residences who scooped a brand new iPad for her efforts.


wasl properties Enters into the Spirit of Ramadan with Distribution of Iftar Meals

Dubai, UAE, June 27, 2015: wasl properties has entered into the spirit of Ramadan with the supply of Iftar meals for a number of its tenants and labors in Dubai. The property management division of wasl Asset Management Group has joined with charitable institution Beit Al Khair to distribute daily fast-breaking suppers at Muhaisnah, Ras al khor and Al Quoz.“wasl is an integral part of the fabric of the UAE and such is keen to play an active community role at this special time of year.


wasl properties Launches Ramadan Arts Competition for Adults and Children

[Dubai, UAE, June 18, 2015] – wasl properties tenants in Dubai have the chance to showcase their creative skills and win big this Ramadan, thanks to a holy month competition organised by the company. The annual activity from Dubai’s leading property management and development company - a subsidiary of wasl Asset Management Group - gives all generations of wasl tenants the opportunity to reveal their artistic flair, with those winners selected by members of the public receiving significant prizes for their efforts.“Once again, we are delighted to announce the annual Ramadan competition for our tenants of all ages that has been designed to celebrate their artistic talents and bestow some top giveaways for the best entrants,” said Abdulla Ishaq - Head of Leasing & Customer Service Department, wasl properties.


wasl Employees Provide Vital Support to Dubai Blood Donation Centre

Dubai, UAE, June 14, 2015: Employees of wasl Asset Management Group provided vital support to Dubai Blood Donation Centre yesterday in conjunction with the World Blood Donor Day, which is marked on June 14 of every year. Team members from Dubai’s leading property development and management company, attended the centre to give blood, which it will use to help save lives for citizens, residents and visitors in the emirate.“We are aware of the important role that Dubai Blood Donation Centre plays for the emirate and its responsibility for ensuring a ready stock of blood to supply Dubai’s hospitals and medical centres - the facility is an essential one for the community.


wasl Cares for its Tenants with Free Health Check-ups

[Dubai, UAE, June 10, 2015] – Families in Dubai are able to benefit from free health check-ups this month thanks to a partnership between wasl properties and Aster Medical Group. The leading property management organisation has teamed up with the renowned healthcare organisation to offer free medical tests and lifestyle advice for wasl tenants and their families in two of the city’s prominent locations, with wasl saying that the service forms a core part of its commitment to its tenants. “This latest wasl health drive is a key engagement initiative for our customers that shows our concern for them in all areas of their lives, not just in matters relating to their properties.


wasl properties Launches dar wasl Villas

[Dubai, UAE, June 03, 2015] – wasl properties, a leading Dubai property management and development company and a subsidiary of wasl Asset Management Group, has announced the launch of the first set of villas in its dar wasl project. The 20 four-bedroom units form part of the AED 500 million Moroccan architecture-inspired development which is located close to Safa Park on Al Wasl Road. Spread over a total area of 60,000 square feet, dar wasl includes a host of premium quality facilities.“dar wasl represents a new, high-end lifestyle concept that blends the charm of Andalusian heritage with the highest quality modern amenities.


wasl district Souq Officially Launched with Host of Entertainment Activities

Dubai, UAE, May 2, 2015: The drive to maintain Dubai’s rich heritage through culturally sensitive real estate projects received a significant boost on Thursday with the official launch of wasl district Souq. The premium development from leading real estate organisation, wasl properties, forms part of the company’s portfolio of offerings designed to reinvigorate established areas of Dubai by blending modern amenities and facilities with traditional architecture and design. The launch ceremony for wasl district Souq, which is located in the Naif area of Deira, was undertaken by Hesham Al Qassim, CEO of wasl Asset Management Group, with his ribbon cutting accompanied by a programme of entertainment activities to mark the auspicious occasion.