UAE-based wasl Asset Management Group, a leading real estate management and development company, is set to release the second tower at Park Gate Residences, a major community project located on Sheikh Zayed Road in Dubai, for sale on Thursday (October 26).

This comes following the successful sale of its first tower at Park Gate Residences which includes over 200 residential units,

Phase One of the project – Park Gate Residences – is ideally located adjacent to Zabeel Park, where residents will find 746 modern apartments in four luxurious residential towers on one podium, all of which overlook the lush green gardens of Zabeel Park and make nature their private courtyard.

wasl said it has taken a leading position in Dubai's freehold market following the announcement of its flagship freehold project, wasl1.

The project features exceptional and unprecedented property standards, highlighting wasl’s commitment to promoting the freehold sector and consolidating Dubai as the world’s preferred destination for investing, working, living and visiting, said the developer in a statement.

The wasl1 provides customers with family-friendly apartments at a competitive service fee of Dh14 per sq ft.

Construction work has started at wasl1 with foundation works underway for Park Gate Residences after completion of drilling and enabling works, said a statement from the UAE group. The project is expected to be completed in mid-2020, it added.  

CEO Hesham Al Qassim said: "At Park Gate Residences, we applied our extensive experience in the Dubai’s real estate market and our knowledge of the needs and expectations of our customers to develop a truly exceptional project."

"Given our large portfolio that includes over 35,000 units of different sizes and types, this has put us in a position to provide our customers with excellent residential opportunities and a 99 per cent satisfaction rate with our ability to meet their needs and offer comfortable living in Dubai," noted Al Qassim.

The project will include integrated spaces and a building designed to resemble the number 1. Upon completion, it will include a group of nine residential towers and a hotel, four mixed-use towers, and a ‘Central Plaza’, he added.

Al Qassim pointed out that the strategic location of the project, adjacent to Zabeel Park and Sheikh Zayed Road, had played a key role in attracting investors, especially those who are looking for exceptional facilities and want to live in a tranquil environment while remaining at the heart of the vibrant city.

Located just a stone’s throw from Sheikh Zayed Road and the Jafiliya metro station at the gateway between old and new Dubai, the project will keep residents connected with every end of the city while also providing a fully integrated set of lifestyle choices right at their doorstep, he added.

Park Gate Residences will feature children’s play areas on the podium roofs; fully equipped gymnasiums with changing rooms; a multi-purpose hall; and a range of entertainment facilities. Offering every convenience and practicality, it will also provide residents with 1,000 parking spaces in two basement and four podium level car parks.

"Since the launch of the first tower, we have received huge numbers of buyers at our sales centre in Grand Hyatt Hotel Dubai, where the entire tower was sold out in less than a week. The demand exceeded all expectations and we rapidly sold all 200 residential units, which is a testament to the attractiveness of this project," remarked Al Qassim.

"We expect the second tower at Park Gate Residences to attract an even higher turnout, as investors are now fully aware of the exceptional features that the project offers," he added.-TradeArabia News Service