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Press Releases


wasl Enters Dubai Freehold Property Sector for First Time

Dubai, UAE, November 25, 2014: wasl Asset Management Group, one of the UAE’s fastest growing property management organisations, has announced the launch of a new development that sees it entering Dubai’s freehold real estate sector for the first time. Named: Creek Heights, the project is the fruit of wasl’s three decades of experience in the construction, development and management of hotel and leisure property and of its close relationship with Hyatt, an organisation with a renowned reputation in the global hospitality sector.  Creek Heights comprises of three components, the first component is a fully furnished branded freehold luxury apartment building named Hyatt Regency Creek Heights Residences, the second component is an ultra-modern, contemporary hotel named Hyatt Regency Dubai Creek Heights and the third component is the Hyatt Regency Dubai Creek Heights Conference centre.


wasl properties Honours the UAE’s Next Generation on Universal Children's Day

Dubai, UAE, November 22, 2014: ‘Children are our future’ was the message sent out at the latest community CSR initiative from wasl. The property management organisation, one of Dubai’s largest real estate companies, celebrated Thursday’s Universal Children’s Day with a special event for its tenants at wasl square.Keen to honour the UAE’s next generation, wasl hosted an afternoon of activities for junior members of society, with the party taking place at the wasl square clubhouse. The facility had been decorated especially for the occasion, featuring balloons, drapes and flowers in the UAE flag’s colours of red, green white and black.


Ahmed Bin Saeed Al Maktoum Inaugurates ‘Le Royal Club’ Hotel

Dubai, UAE, November 17, 2014: Le Méridien Dubai Hotel and Conference Centre has proudly announced the opening of its much-awaited 197 luxury room ‘Le Royal Club.’ Forming part of its AED 450million expansion plan, the exclusive annex building was officially launched on Sunday, November 16, 2014 by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, President Dubai Civil Aviation Authority, CEO and Chairman Emirates Group and Chairman Dubai Airports. Le Méridien Dubai Hotel and Conference Centre offers a modern business hotel experience while maintaining the unique charm of a tranquil resort. Spread across 38 acres of beautifully landscaped gardens, the new 8-storey Le Royal Club boasts some of the largest hotel rooms in the city. Measuring a spacious 52 sqm, each room is equipped with every modern comfort and the latest in technology.


wasl properties Launches New Community Retail Centre

Dubai, UAE, October 18, 2014: wasl properties, one of the largest real estate companies in Dubai and a subsidiary of wasl Asset Management Group, has announced the launch of Samari Retail Centre, a community centre located at its residential project, Samari Residences. The real estate developer says that the new shopping complex will not only cater to tenants at the development, but will also provide services for patrons visiting from the wider Ras Al Khor locality. “wasl properties’ Samari Residences is an affordable development that has brought a high standard of community living to the Ras Al Khor area.


wasl properties Announces New Mobile Services to Enhance Customer Service

[Dubai, UAE; October 14, 2014]: With the GITEX Technology Week currently underway, wasl properties - one of Dubai’s largest real estate companies - has announced the launch of several new mobile and online services designed to benefit its customers by increasing accessibility. The organisation says that its range of additional digital services complements its existing array of electronic facilities and forms part of its ongoing strategy to support the government’s vision of transforming Dubai into the world’s number one Smart City. “wasl properties has a programme of developing and adopting digital services to continuously enhance its customers’ experience.


wasl properties Kicks Off Partnership with Al Wasl FC

Dubai, UAE, October 13, 2014: wasl properties has announced that it has signed an eight-year sponsorship deal with Al Wasl Football Club. The property management company, one of Dubai’s largest real estate companies and part of wasl Asset Management Group, has teamed up with the renowned sporting institution as a part of its ongoing CSR commitment that supports community activities throughout Dubai. Under the main terms of the contract, which continues up until the official final day of the 2021/2022 Arabian Gulf League football season, wasl properties will be the Premier sponsor for Al Wasl FC. The organisation will have its logo carried on the club’s promotional material and digital platforms, including its website and social media applications.


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.