Dubai’s Wasl Properties to lease affordable housing units

Real estate management firm to rent out 280 units in the Muhaisnah district

PHOTO: A Wasl Properties building located in Muhaisnah. Credit: Supplied

Dubai’s Wasl Properties says it will lease 280 units billed as affordably priced in a development in the Muhaisnah district.

The real estate management firm, a subsidiary of Wasl Asset Management Group, plans to launch seven out of a total 23 buildings at the Wasl Oasis II development on December 20, as an initial first-phase release.

The initiative forms part of a strategy to provide affordable housing options in established areas of Dubai, according to a company statement.

“Wasl Oasis II has been designed to enhance the lifestyle of mid-income residents by bringing to the area high quality residential units that provide the very best in contemporary urban living,” said Zainab Mohammed, CEO of Property Management and Marketing at Wasl Properties.

“The project was conceived to help re-invigorate an established area that is already popular with residents.”

The Wasl Oasis II development is comprised of 23 buildings with a total of 1,244 residential units, consisting of 48 studios, 636 one-bedroom apartments, 432 two-bedroom apartments and 128 three-bedroom apartments. The community includes a mosque, supermarket, landscaped area and parking facilities. The development is connected to the Mohammed bin Zayed Road, and is located close to Mirdif City Centre.

The initial launch of 280 units will consist of studios and two-bedroom apartments. The firm plans to release 964 units in the remaining 16 buildings in the first quarter of 2016.

“As a gated neighbourhood that is affordable and secure, Wasl Oasis II is designed to optimise urban living,” Mohammed said.


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