Wasl properties, a leading property management organisation in Dubai, has announced the launch of its two-block mixed-use development in Karama district of the UAE emirate.

The ‘wasl Duet’ forms part of the real estate management company’s agenda to revitalise the established districts of Dubai and features a number of retail outlets to support the surrounding area, said a statement from the company.

The first of the two buildings in the mixed-use project, which was launched today (January 6), comprises 12 one-bedroom and 18 two-bedroom apartments and has a retail space of 1,355 sq ft.

The second development, to be released on the market imminently, will have 21 one-bedroom and 30 two-bedroom apartments with a retail space of 3,649 sq ft. It will also include a swimming pool, children’s play area and a gym, it added.

Unveiling the project, Zainab Mohammed, the CEO (Property Management and Marketing) at wasl properties, said: "We are delighted to announce a new project for the Karama district. The mixed-use development forms part of the company’s strategy to revitalise the district and transform it into a modern, contemporary neighbourhood."

"The buildings reflect wasl properties’ rejuvenation programme, with their distinctive architectural designs, modern amenities, convenient retail facilities and plenty of parking for residents and visitors," she remarked.

According to her, wasl has introduced a total of 607 residential units spread across nine projects in Karama since 2008.

The group's commitment to the area sees it with another eight projects in the pipeline, which will be developed and delivered up until 2018, said the company statement.

A significant percentage of inquiries it receives are related to residential and commercial space in Al Karama, indicating a high demand for this important area of the city, it added.

"Karama is a much sought-after district for both residents and for those with commercial concerns thanks to its proximity to major areas in Dubai, its high population density, its vibrancy and its ease of access via the RTA Metro," said Mohammed.

"These are all important elements for the success of residential and retail projects and wasl is proud to play a vital role in re-enervating this important city hub and introducing modern, contemporary living standards to the area," she added.-TradeArabia News Service