Contractors appointed and enabling works underway at the first phase- ‘Park Gate Residences’
Dubai, United Arab Emirates: wasl Asset Management Group, one of the largest real estate management and development companies in Dubai, is forging ahead at wasl1 – the company’s iconic parkside freehold master development in the heart of Dubai. Enabling works are now underway following the appointment of Kele Contracting for Phase 1 of the project. Hills & Fort Construction LLC is also on site managing the infrastructure for the entire development, which is taking shape as part of wasl’s growing freehold portfolio.
His Excellency Hesham Al Qassim, CEO of wasl Asset Management Group, commented: “wasl1 is the latest milestone in our mission to provide Dubai with community living spaces that blend the best of city living with a lifestyle surrounded by bliss. We are especially proud of this project, which is our first master development and reflects Dubai’s vision for the freehold sector. It promises residents a peaceful island in the middle of the city, creating a sophisticated synergy between urban offerings and holistic balance that resonates with the modern-day buyer.”
Phase 1 of the project – Park Gate Residences – is located adjacent to Zabeel Park, where tenants will find contemporary apartments in four luxurious residential towers on two podiums. The 746 units offer tenants the option of one, two and three bedroom apartments as well as podium townhouses and penthouses, all of which overlook the lush green gardens of Zabeel Park — making nature their private courtyard.
Located just a stone’s throw from Sheikh Zayed Road and the Jafiliya metro station at the gateway between Old and New Dubai, Park Gate Residences will keep residents connected with every end of the city while also providing a fully integrated set of lifestyle choices right at their doorstep.
In the nearby serenity of Zabeel Park, residents will find exceptional amenities including lawn areas, a swimming pool and water features. Park Gate Residences will feature children’s play areas on the podium roofs; a fully equipped gymnasium with changing rooms, a multi-purpose hall and another children’s play area; and an entire landscaped area between the podiums with water features and a terrace with cafés and restaurants. Offering every convenience and practicality, Park Gate Residences will also provide tenants with 1,000 parking spaces in two basement and four podium level car parks.
While supplying the residential market with hundreds of new must-have apartments that promise to unlock an extraordinary lifestyle, the project also encompasses 25,000 square feet of leasable retail area that will mean there is never a dull moment at Park Gate Residences. The company looks forward to the completion of the first residential units at wasl1, which will be a stunning addition to wasl’s growing freehold property portfolio.
About wasl Asset Management Group:
wasl Asset Management Group is one of the largest real estate management companies in Dubai. It was established by DREC in 2008 to oversee the management of its assets and grow its real estate portfolio. Through its three subsidiaries; wasl properties, wasl hospitality and dubai golf; wasl operates in various real estate, lifestyle, leisure, hospitality, and business sectors. wasl’s main objective is to strengthen Dubai’s position as the premier hub to live and work in and at the same time be the ultimate destination for tourists.