01 Jul 2018

wasl presents wasl1 at Luxury Property Showcase Beijing

Attracting a new wave of foreign real estate investment to Dubai by reaching out to Chinese buyers

wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, presented its flagship wasl1 project during the recent Luxury Property Showcase Beijing for an audience of over 7,000 wealthy Chinese entrepreneurs, investors, luxury properties owners and elite investors looking to purchase overseas properties.

The event followed the successful launch of the first two towers (C and D) at wasl1, which saw wasl sell the vast majority of units in record time. The third tower (A) has now been released onto the freehold property market and was the focus of wasl’s participation at the LPS Beijing, where the company’s representatives introduced investors to the myriad of options available.

The three towers are part of Park Gate Residences, phase 1 of the wasl1 project, which is the company's iconic parkside freehold master development in the heart of Dubai. The development is strategically located, directly overlooking Zabeel Park and near the Jafliya Metro Station, and is also the first freehold project to be developed in the Zabeel area.

Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, commented: “Our participation at the Luxury Property Showcase Beijing provided us with a valuable opportunity to reach out to Chinese buyers and introduce them to Park Gate Residences, which offers an ideal blend of community living spaces, contemporary apartments and exceptional amenities in a tranquil environment at the centre of the city. We witnessed high demand among attendees at the show, supporting Dubai’s vision to attract a new wave of Chinese investment by showcasing attractive offers and high-quality properties. We are confident that Tower A will mirror the strong performance of Towers C and D, particularly among Chinese investors.”

wasl launched the first two towers at wasl1 in September 2017 and saw the units quickly snapped up by local, regional and international investors, reflecting the attractiveness of the development and consolidating Dubai’s reputation as a leading global property investment destination. The achievement supports wasl’s mission to establish Dubai as the world’s favourite city to live, work and visit.

The company is set to launch phase 2 of wasl1 by Q4 2018, and it will be completed during the first half of 2022. Once complete, wasl1 will feature integrated spaces and buildings, with a total of nine residential towers, a hotel, four mixed-use towers, a Central Plaza, and a wide range of exceptional amenities in the nearby serenity of Zabeel Park.