wasl says to start leasing units in Dubai affordable homes project
Thursday, 24 December 2015 4:43 PM
wasl properties has announced that it will begin leasing 280 units in its new wasl oasis II development in Muhaisnah, Dubai as part of a push to offer affordable homes in the emirate.
The real estate management company, a subsidiary of wasl Asset Management Group, said it plans to launch seven out of 23 buildings on December 20 as an initial first phase release.
“wasl oasis II has been designed to enhance the lifestyle of mid-income residents by bringing to the area high quality residential unitsthat provide the very best in contemporary urban living,” said Zainab Mohammed, CEO Property Management and Marketing, 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, the company said in a statement.
A gated community, wasl oasis II also includes a mosque, supermarket, landscaped area and parking facilities and is located at the crossroads of Dubai and Sharjah.
“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.