Dubai-based wasl properties, a subsidiary of wasl Asset Management Group, said it has recorded an unrivalled demand for the leasing of Block A, the second phase of wasl district.

The company announced the leasing of 90 per cent of the one-, two- and three-bedroom apartments within four hours of their initial rental listing.

The Dubai group had launched one-bedroom apartments for annual rent at values ranging from Dh54,000 to Dh66,000, the two-bedroom apartments starting from Dh71,000 and those that come with maid rooms in the range of Dh82,000 to Dh91,000 and the three-bedroom apartments - which were fully leased in the Dh112,000 to Dh121,000 range.

Zainab Mohammed, the chief property management and marketing officer at wasl properties, said: "This success is attributed to the fact that Dubai’s real estate market remains attractive in the eyes of investors, residents and visitors, thanks to its strong legislative environment and its procedural transparency, as well as to the healthy balance of supply and demand, the ease of doing business and its role in spreading happiness in the society."

The wasl district is within proximity to key markets and has unique surroundings that afford residents access to all their desired facilities, stated Mohammed.

The project has also implemented the highest standards of quality by offering ideal services in an area that is vibrant year-round, she added.-TradeArabia News Service