UAE-based wasl properties has announced the successful completion of its key residential community, wasl hub, that boasts 312 one-, two- and three-bedroom apartments in the Karama area of Dubai.

The subsidiary of wasl Asset Management Group said it had strategically aligned the projects with Dubai’s plan to provide residents in established areas of the UAE emirate with quality living.

Its recent projects include wasl hub and wasl duet in Karama along with wasl oasis II in Muhaisnah, it added.

The wasl hub has earned its name due to its vast 170,000-sq-ft area, of which 60,000 sq ft has been allocated to accommodate more than 70 retail shops and 32 restaurants and cafes. It provides ample parking to accommodate residents and visitors.

It aims to enhance the size and diversity of wasl properties’ portfolio in Karama and will offer additional services such as a swimming pool, children’s playground, indoor gyms and around-the-clock security.

The project is expected to become a landmark in Karama due to its distinctive features and large retail area designed to make it a bustling and vibrant destination, thus creating a community within a community, it added.

wasl properties has opened registration for leasing the first phase which is made up of 57 units including one-, two- and three-bedroom apartments, said a senior official.

"A significant percentage of inquiries we receive are related to residential and commercial space in established areas such as Karama and Muhaisnah. wasl properties has garnered an excellent response from its initiative to provide quality, well-designed residential communities in Dubai," remarked Zainab Mohammed, the chief property management and marketing officer at wasl properties.

"Through our ability to identify this crucial need for quality housing in the market, we have seen a positive response for our recently launched projects," she added.

According to her, the company also offered units for leasing in the second building of the newly completed “wasl duet” in Karama, following the successful launch of the first building few months ago.

The second development comprises 21 one-bedroom and 30 two-bedroom apartments with retail space and amenities that include a swimming pool, children’s play area and a gym, she added.

Mohammed said wasl properties had also recently leased out 400 units comprising studio and two-bedroom apartments in nine buildings of wasl oasis II development in Muhaisnah within a short span of two weeks.

"The epitome of quality community living, wasl oasis II has been designed to provide the very best in contemporary urban living and an affordable option for many. wasl oasis II, a gated community, includes 23 residential buildings, a mosque, supermarket, landscaped area and dedicated parking facilities," she stated.

The wasl oasis II is strategically located at the crossroads of Dubai and Sharjah and offers an excellent option for employees commuting to Dubai for work, with reduced stress and travel time than options that are farther out.

According to her, wasl properties has introduced a total of 3562 residential units spread across 12 projects in Karama and Muhaisnah since 2008.

Its commitment to these vital areas in the city sees it with another eight projects in the pipeline, which will be developed and delivered up until 2018, she added.-TradeArabia News Service