Phase one of wasl1 featuring four high-rises is bringing investors on board
The high-profile Zabeel area in Dubai is seeing freehold action — Phase 1 of wasl1 is now on sale. This phase will feature four luxury towers set on a shared podium, and featuring 746 apartments. Eventually, the wasl1 will be a nine residential high-rise cluster.
The project — which will include integrated spaces and a building designed to resemble the No. 1 — will also include a hotel, four mixed-use towers, and a central plaza. The developer — wasl Asset Management Group — is having a new promotion for the second tower.
It targets individual buyers who have already bought property in the first tower at Park Gate Residences. It does not apply to institutional investors and real estate agents.
The campaign encourages customers who have booked their units in the first tower to nominate relatives and acquaintances to make purchases at the second. For each successful nomination the original customer will receive a certain percentage of the unit value they purchased as well as an iPad.
wasl will allow each customer to nominate three persons, meaning that they can receive the redemption rate for three purchases.
The foundation works are underway for Park Gate Residences after completion of drilling and enabling works. Completion of construction of Park Gate Residences is expected in mid-2020. According to Hesham Al Qassim, CEO, “We applied our extensive experience in Dubai’s real estate market and our knowledge of the needs and expectations of our customers to develop a truly exceptional project.”
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