Wasl launches affordable housing community
Staff Khaleej Times
Filed on December 7, 2015 | Last updated on December 7, 2015 at 08.14 am
Wasl Oasis II is made up of 23 buildings with a total of 1,244 residential units
Wasl Properties has announced that it is launching the first phase of seven buildings at the crossroads of Dubai and Sharjah, as part of a strategy to provide mid-range housing options for customers.
The developer said that it will begin leasing 280 units in its new Wasl Oasis II development in Muhaisnah, with plans to launch seven out of 23 buildings on December 20 as an initial first phase release. The initiative forms part of the company’s strategy to provide affordable housing options in established areas of Dubai.
“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. The project was conceived to help re-invigorate an established area that is already popular with residents, with the ultimate aim being to re-assert the status of this important part of the city,” said Zainab Mohammed, CEO of property management and marketing at Wasl Properties.
Wasl Oasis II is made up of 23 buildings with a total of 1,244 residential units; comprising a total of 48 studios, 636 one-bedroom apartments, 432 two-bedroom apartments and 128 three-bedroom apartments. The initial launch of 280 units in the seven buildings will consist of studios and two-bedroom apartments, with Wasl Properties planning to release 964 units in the remaining 16 buildings in the first quarter of 2016. “Wasl Properties is more than just a real estate provider responsible for the construction of projects; it is a builder of communities in Dubai – something that is reflected in its Muhaisnah development. As a gated neighbourhood that is affordable and secure, Wasl Oasis II is designed to optimise urban living. It is a testament of Wasl Properties’ commitment to regenerating the city through careful planning, development and management of the very best residential property offerings,” added Mohammed.