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98% of Shops in wasl district’s Souq Leased out in Less than Two Months

Dubai, United Arab Emirates, 30 September, 2014: wasl properties, one of the largest real estate companies in Dubai and a subsidiary of wasl Asset Management, has announced the lease of 98% of the available retail units in the wasl district Souq. The Souq, part of phase one of the mixed-use heritage project, saw the majority of shops leased by retail customers in less than two months since the release, with the rest expected to be snapped up soon on account of high demand. Zainab Mohammed, CEO Property Management, Marketing & Communications at wasl said: "The Souq is the focal point of the wasl district project and we are delighted that it has been met with positive demand by retailers which reflects the increasing growth in demand for retail and commercial space in Dubai.


Hesham Al Qassim Wins Real Estate CEO of the Year

[Dubai, United Arab Emirates – 13 September, 2014] His Excellency Hesham Abdalla Al Qassim, CEO, wasl Asset Management Group, has won the Real Estate CEO of the Year award at this year’s CEO Middle East Awards. The prestigious accolade was bestowed in recognition of the outstanding performance made both by him and by the company he leads over the past 12 months. Organised by ITP Publishing and held in conjunction with popular business publication CEO Middle East, this year’s awards were the programme’s eighth edition, with the ceremony being held on September 10 at Jumeirah Emirates Towers. Al Qassim’s Real Estate CEO of the Year award publically acknowledges the tremendous role he has played in growing, developing and diversifying wasl’s real estate and property portfolio, as well his leadership and direction in project development and overall business growth.


Dubai, UAE, 27th Aug, 14
Build-to-lease strategy serves wasl well

Dubai: There is one developer who goes about launching new projects, releasing units and filling the properties without any matching fanfare. It is a script that has served wasl — which oversees a substantial portfolio of properties available on lease in Dubai — quite well. Look at the numbers — there are 21 projects under development, its staff deal with nearly 48,000 clients each day and its projects run at high occupancy levels, of even 99 per cent. In terms of the project location, these are split between the older and new parts of the city. “Emerging trends [in the local realty market] are location driven,” said Hesham Abdullah Al Qassim, CEO of wasl Asset Management Group, which was set up to manage Dubai Real Estate Corporation’s portfolio.


wasl properties Launches wasl amber and wasl onyx

Both developments fully leased out in two weeksZainab Mohammed: “The two projects represent our comprehensive strategy to re-urbanise the older areas of Dubai” wasl amber and wasl onyx destined to bring modern living to Al Karama   Dubai, UAE, May 20, 2014: wasl properties have announced the completion of its latest residential buildings, wasl amber and wasl onyx, both located in the Al Karama district of Dubai. The sister developments have been designed to enhance the locality, bringing modern urban-style living to the well-established residential area that is popular for its shops, banks, malls, hotels and restaurants. “wasl amber and wasl onyx bring advanced facilities and modern amenities to provide stylish city living in Al Karama,” said Zainab Mohammed, General Manager, Property Management, Marketing & Communications, wasl properties.


wasl properties Announces the Completion of wasl trio

Dubai, UAE, March 25, 2014: wasl properties,one of the largest real estate companies in Dubai and a subsidiary of wasl Asset Management Group, has announced the completion of a new project in Muraqqabat, Deira. Aptly named wasl trio, the three-block mixed-use building has been specifically designed to modernise the traditional areas of Dubai by complementing it with modern residential, retail and hospitality facilities. wasl trio’s first block consists of 84 serviced apartment units comprising studios, one and two-bedroom apartments and a ground-floor retail area of more than 8,320 square feet.


wasl properties launches new services channels for their customers through online and smart technologies

Leading real estate company takes digital services to a new level [Dubai, UAE; February 10, 2014]: wasl properties, one of Dubai’s largest real estate organisations and a subsidiary of wasl Asset Management Group, has announced the launch of its e-Services portal; an on-line gateway that has been designed to simplify tenant transactions.


wasl properties Picks Up Prestigious Real Estate Award

[Dubai, UAE; January 18, 2014]: wasl properties has had the strength of its customer service commitment recognised by receiving a prestigious real estate award. The renowned property management organisation received the accolade ‘Real Estate Development Customer Care Excellence Award’ at the eighth Middle East Government and Business Customer care Excellence Awards, which was held at the Burj Al Arab on January 15th. The Real Estate Development Customer Care Excellence Award is an annual presentation given by the Middle East Excellence Awards Institute, which each year identifies one regional-based property developer that has proven its unrivalled service in customer care. Nominees are selected on the basis of their customer care vision, their existing practices and the experiences of their customers.


wasl properties Completes First Phase of AED 1.2 Billion Heritage Project

[Dubai, UAE; January 14, 2014]: - wasl properties has announced the completion of the first phase of its AED 1.2 billion major Dubai heritage project, wasl district, with its centrepiece being a 55,000 square feet, 211-retail unit Souq. The mixed-use development, featuring residential and office buildings, as well as a hotel and furnished apartments, has been designed to celebrate the traditional culture of the city and is expected to be a major draw for both residents and visitors in the run-up to Expo 2020.    “wasl properties is pleased to announce that it has begun delivery of commercial units to investors in the wasl district Souq; the first phase of the wasl district project,” said Nabil Al Khaja, General Manager of Projects Management, at wasl. “This development is one of the most important to take place in Dubai as it revives the heritage of the UAE by rehabilitating the Al Maktoum Hospital area of Deira.


wasl to Complete Ninety Villas in Jumeirah Residential Project

[Dubai, UAE, September 9th, 2013] – In response to the high demand for villas in Jumeirah’s Al Badaa, district - one of Dubai’s oldest and most prestigious locations - wasl properties has announced that it will complete 90 four-bedroom villas as part of ‘wasl 90’, its newest residential development in the area. The completion of the project is scheduled for November, 2013. The latest tranche of property being added to the wasl properties portfolio will be located off Al Wasl Road, a major artery running through the heart of Jumeirah. Al Badaa forms part of an affluent community in the locale and is home to a network of schools, services, high-end restaurants and boutique-style shopping outlets.


wasl properties Provides Iftar meals this Ramadan

wasl properties will help members of the community break their fast this Ramadan with Iftar tents set up in samari residence in Ras Al Khor and in the Muhaisnah area. This gesture of good will complements a long list of Ramadan initiatives to further support the community during the Holy month. Together, the two areas are home to some 6,000 wasl properties tenants, who along with general public are invited to break their fast at the allocated tents.