New project will provide hospitality staff with vital accommodation
Dubai, United Arab Emirates: wasl Asset Management Group, one of the largest real estate management and development companies in Dubai– has announced a new project in Warsan, which has been launched as part of the company’s strategic preparations for Expo 2020 and will deliver much needed accommodation for hospitality staff.
The Warsan project will comprise of 26 buildings in a resort-style lay out and is distinguished from other developments by the fact that it will provide hospitality employees with 3,866 residential units spread over a built-up area of 2.6 million square feet. The units will be distributed between 3,380 shared rooms, 360 studio units and 126 one-bedroom units – all placing hospitality staff within easy reach of the many new hotels being developed to meet the demands of Expo 2020.
Hesham Al Qassim, CEO of wasl Asset Management Group, commented: “We have launched our Warsan project within the wider context of Expo 2020, which is fast approaching, and to fulfil our leadership’s vision of making Dubai the best city for living, working and visiting. Dubai is preparing itself to receive an estimated 25 million unique visitors by rejuvenating the city’s fabric and enhancing its hospitality offering, but we at wasl are also striving to cater to hotel staff by providing them with ample accommodation. This is of vital importance for the success of Expo 2020, and we are pleased to be addressing this segment of the market.”
The Warsan project will cover 160,000 square feet of land and consist of 26 buildings in a resort-style layout, featuring numerous recreational facilities including green lawns, swimming pools, a health club, and sports stadiums where hotel staff can play handball and basketball. Infrastructure works are in progress and the project is due for completion in October 2020, when it will contribute significantly to providing ample accommodation during Expo 2020.
The announcement follows wasl’s launch of three mega hotel projects earlier this year – MGM, Mandarin Oriental and Hyatt Centric. The MGM project will bring the MGM Grand and Bellagio hotels to Dubai alongside residential elements providing 1,000 rooms and hotel apartments and 10 private villas. The luxury Mandarin Oriental will include 257 guestrooms, suites and serviced apartments with outstanding views over Downtown Dubai, and Hyatt Centric will bring 217 rooms and 116 serviced apartments to The Palm Jumeirah. The projects form part of the company’s strategy to strengthen its hospitality portfolio and stimulate the tourism sector by reinforcing Dubai’s position as a unique and world-leading hospitality, leisure and entertainment destination.
About wasl Asset Management Group:
wasl Asset Management Group, one of the largest real estate management companies in Dubai, was established by the Dubai Real Estate Corporation (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.