06 January 2016
Two-block mixed-use development forms part of real estate management company's agenda to revitalise established areas of Dubai

wasl properties has announced the launch of 'wasl Duet' in Karama. The first building in the two-building mixed-use project was launched today, with the second due to be released onto the market imminently. The project forms part of wasl properties' agenda to regenerate the established districts of Dubai and features a number of retail outlets to support the surrounding area.

"wasl properties is delighted to announce the launch of wasl Duet, a new project for the Karama district of Dubai. The mixed-use development forms part of the company's strategy to revitalise the district and transform it into a modern, contemporary neighbourhood. The buildings reflect wasl properties' rejuvenation programme, with their distinctive architectural designs, modern amenities, convenient retail facilities and plenty of parking for residents and visitors," said Zainab Mohammed, CEO Property Management and Marketing, wasl properties.

wasl properties' first building comprises 12 one-bedroom and 18 two-bedroom apartments and has a retail space of 1,355 sq. ft. The second development will have 21 one-bedroom and 30 two-bedroom apartments with a retail space of 3,649 sq. ft. The second building will include a swimming pool, children's play area and a gym.

wasl properties has introduced a total of 607 residential units spread across nine projects in Karama since 2008. Its commitment to the area sees it with another eight projects in the pipeline, which will be developed and delivered up until 2018. The company says that a significant percentage of inquiries it receives are related to residential and commercial space in Al Karama, indicating a high demand for this important area of the city.

"Karama is a much sought after district for both residents and for those with commercial concerns thanks to its proximity to major areas in Dubai, its high population density, its vibrancy and its ease of access via the RTA Metro. These are all important elements for the success of residential and retail projects and wasl is proud to play a vital role in re-enervating this important city hub and introducing modern, contemporary living standards to the area," added Ms. Mohammed.

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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 2016