wasl properties, a subsidiary of wasl Asset Management Group, announced the launch of sales of its fourth tower B at ‘Park Gate Residences’ as part of its wasl1 project.

This comes in light of the high investor interest in the project, and the sales success of the former three tower units in record time.

On the occasion of the ‘Year of Tolerance,’ the company is offering a special offer to interested buyers that guarantees them 2% off on the total value of a unit, 2% as a down payment, and a 50% discount on Dubai Land Department registration fees. The offer is valid on the day of sales, which falls on 16 March.

The fourth tower B comprises the last of the first phase of wasl1 and overlooks Zabeel Park as well as accommodates 160 apartments across 16 floors, ranging from one- to-five-bedroom apartments of varying sizes.

Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, said: “The launch of sales of the tower units at this time is our way of rewarding our loyal customers for their interest in the project through a special offer to celebrate the ‘Year of Tolerance.’ The project will add on to our previous successes that have prominently highlighted our consistent capabilities of meeting investor expectations. This, in turn, reveals the sustainable demand and the response of investors to the outstanding projects in Dubai’s realty market.”

“We at wasl pursue unique strategies when launching any project, each of which we assure is an attractive investment opportunity to avail, especially as we have provided to investors, as an additional service, the option of renting out and managing their properties on their behalf.”

Park Gate Residences’ handover to investors is expected to take place in Q3 next year (2020), delivering a total of 746 apartments to the Dubai real estate market.

wasl1 consists of 13 multi-purpose towers, with 1,000 parking lots and 25,000 sq. ft of rentable retail spaces.

The master project will house a state-of-the-art hotel, and of its standout features is its proximity to Zabeel Park, Sheikh Zayed Road, and Al Jafiliya Metro Station. In addition to the available residential units that fall under the free-hold system, retail spaces, and hospitality amenities, the project also hosts entertainment facilities, food corners, and cafes for the convenience of the residential community.

wasl1 spreads across a vast area of 1.3 million sq. ft and provides nearly 3,000 residential units in five phases.

Sales of tower B will launch for interested investors on 16 March 9am – 6pm at the wasl1 sales centre on the project site in Zabeel.