Dubai Asset Management launches Al Khail Gate Muhra
DUBAI, September 1, 2021
Dubai Asset Management, the owner and manager of one of the city’s largest portfolios of residential communities, has announced the launch of its new residential development, Al Khail Gate Muhra, in the Al Quoz area of Dubai, on the rental market.
The new development is a major expansion of Al Khail Gate, a self-contained, centrally located master community for families and professionals in Al Quoz.
Al Khail Gate Muhra features three five-storey apartment buildings, comprising contemporary studios, one- and two-bedroom apartments. The studio units can be rented for AED33,000 ($8983) per year, one-bedroom apartments are available for AED45,000, and two-bedroom units cost AED63,000.
Dubai Asset Management said some of the north-facing apartments offer views of Burj Khalifa and the Business Bay skyline.
It also offers flexible payment terms for tenants, no commission, security deposit deferral schemes and one extra month of rent for free. All units are chiller-free and come with ample parking, said the company in a statement.
Residents will have access to the wide range of amenities at Al Khail Gate, including outdoor and indoor gyms, sports courts, a running track, community park, two supermarkets, restaurants, retail outlets, a mosque, and a year-round calendar of events that promote community engagement, it added.
Executive Director Ahmed Al Suwaidi said: "We are delighted to announce the latest expansion of Al Khail Gate and contribute to Dubai’s vision of providing quality housing in the heart of the city at competitive prices."
"Designed to provide residents with everything they need to live a healthy and happy life, it is an exciting addition to our well-designed master community," he added.
Al Suwaidi said the group is strategically aligned with the Dubai 2040 Urban Master Plan goals that focus on creating sustainable urban communities to raise the happiness bar, promote wellbeing and provide a high-quality life for residents.
"Our projects are designed to strengthen Dubai's position as a global destination for all nationalities and citizens, residents and visitors alike," he added.
