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The cultural end of Dubai is all set to get a new mixed-use development by wasl Asset Management Group. Aiming at adding a modern flair to the rich cultural district of the emirate, the developer has launched 1,477 residential units and three mid-end hotels offering more than 528 rooms and serviced apartments. Interestingly, that’s not all. Wasl also plans develop a variety of retail stores and restaurants in the area too.
Per details revealed by the developer, the project will be built across 1 million square feet of land
area. The residential options will have easy access to a health club, a public park and mosque located at the centre of the development. Wasl said the project will be developed and handed over in phases and will be completed by 2020.
The developer revealed that the construction works on the project have already been started as it recently awarded the main contracts to four contracting companies. wasl happens to be one of the more prudent developers of Dubai who develop projects in line with emirate’s strategic plans o meet residential demand of people interested in working and living in the populated and cultural end of Dubai.
Wasl Asset Management Group CEO Hesham Al Qassim said, “Wasl’s strategy focuses on working in perfect harmony with the changes to Dubai’s real estate and hospitality sectors. One of our company’s core roles is to meet demand and fill gaps in the market with a range of offerings that suit tenants, retailers and tourists. Wasl aims to fulfil all of this through the development of this project.”
Al Qassim said that the most important feature of the project was that it would provide a well-rounded complex for the real estate sector. He also said that the project’s completion before Expo 2020 reaffirmed wasl’s commitment to supporting Dubai’s strategic future plans to become a leading global destination to work, visit and live in.
