| 20 August, 2017

Kele to build first phase of Dubai's wasl1 project

Wasl Asset Management Group forges ahead with Phase 1 of wasl1.

Wasl Asset Management Group forges ahead with Phase 1 of wasl1.

Wasl/Handout via Thomson Reuters Zawya

20 August 2017

Wasl Asset Management has picked Kele Contracting to build the first phase of its wasl1 development on the edge of Dubai's Zabeel Park, it was announced on Sunday.

The work involves the construction of four residential towers on two podiums, containing a total of 746 freehold units. These are mainly one, two and three-bedroom apartments, but will also contain some penthouse units and podium townhouses.

Infrastructure contractor Hill & Fort Construction has been onsite since the start of this year working on the infrastructure for the entire project's development, which will be built over four phases and eventually include a hotel with a central plaza, two mixed-use towers and at least four more residential towers.

Kele Contracting will now begin to work on moving the first four towers above ground, with the first phase expected to complete by the end of 2019.

In a statement, Hesham Al Qassim, CEO of wasl Asset Management Group, said: “We are especially proud of this project, which is our first master development and reflects Dubai’s vision for the freehold sector. It promises residents a peaceful island in the middle of the city."

The first phase, which will be known as Park Gate Residences, will also feature a children's play areas on podium roofs, a gym, multi-purpose hall and a terrace with cafes and restaurants. In total, it will contain about 25,000 square foot of leasable retail space and parking for up to 1,000 cars.

© Zawya 2017