wasl properties, the UAE-based subsidiary of wasl Asset Management Group, has announced the launch of sales for its fourth tower B at the Park Gate Residences, which is being developed as part of its wasl1 project in Dubai.
The news comes in the wake of high investor interest in the project, and the sales success of the former three tower units in record time, the company said in a statement. Comprising of 13 multi-purpose towers, wasl1 is a major project for the developer.
It offers 1,000 parking lots and 25,000sqft of rentable retail spaces and is spread across a vast area of 1.3 million sqft, providing more than 3,000 residential units across its five phases.
The fourth tower B comprises the last of the first phase of wasl1 and overlooks Zabeel Park. It accommodates 160 apartments across 16 floors, ranging from one- to five-bedroom apartments of varying sizes.
The master project will house a state-of-the-art hotel, and one of its standout features will be its proximity to Zabeel Park, Sheikh Zayed Road and Al Jafiliya Metro Station, the Emirati developer added.
Furthermore, in addition to the freehold residential units, retail spaces and hospitality amenities, the project will also offer entertainment facilities, food corners and cafes for residents, it said.
Sales will begin on March 16, from 9am to 6pm, at the wasl1 sales centre on the project site in Zabeel, the company said. It added that on the occasion of the ‘Year of Tolerance,’ it is offering a special offer to interested buyers that guarantees them 2% on the total value of a unit, 2% as a down payment, and a 50% discount on Dubai Land Department registration fees.
“The wasl1 tower sales at this time is our way of rewarding our loyal customers for their interest in the project through a special offer to celebrate the ‘Year of Tolerance,'” said Zainab Mohammed, chief property management and marketing officer.
“The project will add on to our previous successes that have prominently highlighted our consistent capabilities of meeting investor expectations. This, in turn, reveals the sustainable demand and the response of investors to the outstanding projects in Dubai’s realty market.
“We at wasl pursue unique strategies when launching any project, each of which we assure is an attractive investment opportunity to avail, especially as we have provided to investors, as an additional service, the option of renting out and managing their properties on their behalf,” she added.
The Park Gate Residences’ handover to investors is expected to take place in the third quarter of 2020, delivering a total of 746 apartments to the Dubai real estate market, the statement concluded.