Sales of the first two buildings of the development in the Nook, started on October 8. Wasl Asset Management Group, one of the largest real estate companies in Dubai, has officially released wasl gate onto the freehold property market.
The launch follows the success of wasl1, the company’s first freehold master development next to Zabeel Park.
Stretching across 1.23 million square metres, wasl gate will provide 257 townhouses and around 6,500 apartments upon completion.
The project will feature pedestrian areas and will also include a new mall by Al-Futtaim, and Dubai’s second IKEA.
The developer also said wasl gate will be supported by a sports complex, an international school and a central park that will link the commercial and residential districts within the project.
Hesham Al Qassim, CEO of wasl Asset Management Group, said: “wasl gate is designed to provide a wide array of offerings for Dubai residents, while striving to develop and expand our real estate portfolio.
“At wasl, we are constantly seeking to ensure added-value to our customers with each of our unique projects by offering them new concepts with attractive investment options. We had already confirmed this commitment in wasl1, and the wasl gate project will be a continuation of this approach.”