wasl Asset Management Group, one of the largest real estate management companies in Dubai, has announced the launch of its new project, Port Views.

The development, located in Bur Dubai near Port Rashid, will add quality residential, commercial and hospitality accommodation offerings to the market, it said.

The group confirmed that construction works have already started at the project site following the recent awarding of the main contracts to four major contracting companies.

Hesham Al Qassim, CEO of wasl Asset Management Group, said: “wasl’s strategy focuses on working in perfect harmony with the changes to Dubai’s real estate and hospitality sectors. One of our company’s core roles is to meet demand and fill the current gaps in the market with a range of offerings that suit the tenants, retailers and tourists who visit and spend quality time in the Emirate.

“wasl aims to fulfil all of this through the development of this significant project within a strategic part of the city, which will make essential contributions to Dubai’s development in the coming decades,” Al Qassim said.

Port Views comprises 1,477 residential units of various sizes and areas, in addition to several retail stores and restaurants that offer all of the necessary services for tenants to enjoy a comfortable lifestyle. Once completed, the project will also provide the market with three mid-range hotels, which will add more than 528 rooms and serviced apartments to the hospitality sector ahead of Expo 2020.

“The most important project feature is that it provides a well-rounded complex for the real estate sector, and its completion before Expo 2020 reaffirms the company’s commitment in supporting Dubai’s strategic future plans to become a leading global destination to work, visit and live in. Moreover, we are using our expertise in developing this project to exceed all expectations of residents and retailers.” added Al Qassim.

wasl Group also ensured that the project, which is spread across 1 million sq ft, is equipped with an extensive range of facilities and amenities which include a health club, a mosque and a public park in the centre of the project. These facilities are aimed at providing a well-balanced lifestyle to residents.

The project will be handed over on phases and is expected to be fully completed by 2020. - TradeArabia News Service