Wasl Group set to add 1,500 homes in Bur Dubai
Filed on August 28, 2016
Port Views will also include three mid-range hotels with more than 528 rooms and serviced apartments
Wasl Asset Management Group has announced a new mixed-use project called Port Views in Bur Dubai near Port Rashid. It will comprise 1,477 residential units and three mid-range hotels with more than 528 rooms and serviced apartments, in addition to retail stores and restaurants.
The project, spread across 1 million sq ft, is equipped with facilities and amenities which include a health club, a mosque and a public park in the centre of the site. The project will be handed over in phases and is expected to be completed by 2020.
The organisation confirmed that construction work has already started at the site. It recently awarded the main contracts to four contracting companies.
The launch forms part of the company’s core objective to carry out tasks in line with Dubai’s strategic plans and to meet demand from tenants interested in living and working in this area.
Hesham Al Qassim, CEO of wasl Asset Management Group, 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.”
“The most important feature is that it provides a well-rounded complex for the real estate sector, and its completion before Expo 2020 reaffirms the company’s commitment in supporting Dubai’s strategic future plans to become a leading global destination to work, visit and live in,” added Al Qassim.