Dubai, United Arab Emirates, 23 September 2018: wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, has officially released wasl gate onto Dubai’s freehold property market. The launch follows the success of ‘wasl1’, the company's first freehold master development next to Zabeel Park, as part of its efforts to support the government's vision of making Dubai the best residential destination in the world by 2021.
The company also announced that sales for ‘The Nook’, which represents the first two buildings of the development, will start on 8th October. The buildings are located within the larger wasl gate development in Jebel Ali beside Sheikh Zayed road and close to the Energy metro station.
Stretching across 1.23 million square metres, the ‘wasl gate’ freehold master development will also provide 257 townhouses and around 6,500 apartments upon completion. The project will feature pedestrian areas and will provide comfort and tranquillity to its residents. It will also include a new mall by Al-Futtaim, one of the most diversified and progressive regional businesses in the Gulf, Festival Plaza—hosting Dubai’s second IKEA, and ACE—a number of restaurants, coffee shops, family entertainment and leisure, as well as a new concept hypermarket. Festival Plaza is scheduled to be completed by Q4 2019.
‘wasl gate’ will also be supported by several hospitality and leisure facilities, a sports complex, an international school that will cater to students from kindergarten to grade 12, and a central park that will link the commercial and residential districts within the project.
H.E Hesham Al Qassim, CEO of wasl Asset Management Group, said: “wasl gate is designed to provide a wide array of offerings for Dubai residents, while striving to develop and expand our real estate portfolio. At wasl, we are constantly seeking to ensure added-value to our customers with each of our unique projects by offering them new concepts with attractive investment options. We had already confirmed this commitment in wasl1, and the ‘wasl gate’ project will be a continuation of this approach.”
‘wasl gate’ will be one of the largest new developments on Sheikh Zayed Road within proximity of Ibn Battuta Mall and The Gardens area, and will be expected to be a major living, working, and entertainment destination. The project will provide leading retail brands, a central park, hotels, and restaurants, and will be a cultural venue for concerts, sport events, and other activities, offering residents and visitors an enjoyable atmosphere.
With its ideal location away from the hustle of the city, ‘wasl gate’ is an oasis of tranquillity that will enjoy scenic landscapes and pedestrian paths in an urban setting. It will also feature several unique architectural buildings with facilities to help residents meet their needs in an upscale and comfortable environment that includes swimming pools, gymnasiums, and shopping malls in open-planed parks surrounded by trees.