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Real estate management company releases first phase of seven buildings at crossroads of Dubai and Sharjah as part of strategy to provide mid-range housing options
wasl properties has announced that it will begin leasing 280 units in its new wasl oasis II development in Muhaisnah. The real estate management company, a subsidiary of wasl Asset Management Group, plans to launch seven out of 23 buildings on December 20 as an initial first phase release. The initiative forms part of the company's strategy to provide affordable housing options in established areas of Dubai.
"wasl oasis II has been designed to enhance the lifestyle of mid-income residents by bringing to the area high quality residential unitsthat provide the very best in contemporary urban living. The project was conceived to help re-invigorate an established area that is already popular with residents, with the ultimate aim being to re-assert the status of this important part of the city," said Zainab Mohammed, CEO Property Management and Marketing, wasl properties.
wasl oasis II is made up of 23 buildings with a total of 1,244 residential units; comprising a total of 48 studios, 636 one-bedroom apartments, 432 two-bedroom apartments and 128 three-bedroom apartments.The development has high quality of construction relative to other properties in the area, offers larger unit sizes and has been designed to provide an inclusive community feel. The initial launch of 280 units in the 7 buildings will consist of studios and two-bedroom apartments, with wasl properties planning to release 964 units in the remaining 16 buildings in the first quarter of 2016.
A gated community, wasl oasis IIincludes a mosque, supermarket, landscaped area and dedicated parking facilities. Well connected and with easy access to Mohammed bin Zayed Road, the neighbourhood is close to Lulu Village and a short drive from Mirdif City Centre and Dubai's Central Fruit and Vegetable Market. wasl oasis II is strategically located at the crossroads of Dubai and Sharjah and offers an excellent option for employees commuting to Dubai for work, with reduced stress and travel time than options that are farther out.
"wasl properties is more than just a real estate provider responsible for the construction of projects; it is a builder of communities in Dubai - something that is reflected in its Muhaisnah development. As a gated neighbourhood that is affordable and secure, wasl oasis II is designed to optimise urban living.It is a testament of wasl properties' commitment to regenerating the city through careful planning, development and management of the very best residential property offerings," added Ms. Mohammed.
About wasl Asset Management Group
wasl Asset Management Group, one of the largest real estate management companies in Dubai, was established by the Dubai Real Estate Corporation (DREC) in 2008 to oversee the management of its assets and grow its real estate portfolio. Through its three subsidiaries; wasl properties, wasl hospitality and dubai golf; wasl operates in various real estate, lifestyle, leisure, hospitality, and business sectors. wasl's main objective is to strengthen Dubai's position as the premier hub to live and work in and at the same time be the ultimate destination for tourists. For further information please visit:www.wasl.ae
About wasl properties
A subsidiary under wasl Asset Management Group, wasl properties manages an extensive real estate portfolio of over 25,000 residential and commercial properties within the emirate of Dubai. wasl also provides a full range of services in property leasing, facilities management in the leasehold and freehold markets, Owners Association Management services and technical services. Call centre operations provide customer support services to tenants around the clock.
© Press Release 2015
