UAE-based wasl properties, a subsidiary of wasl Asset Management Group, has announced that it has leased 85 per cent of the units at the group's ‘wasl Crystal’ and ‘wasl Crystal II’ developments located in the Al Quoz area of Dubai.

This recorded interest within a short time frame is attributed to Al Quoz and what it offers for current and future tenants.

The remaining wasl Crystal II apartments to be leased include a 448-sq-ft studio apartment with an annual rent of Dh35,000 ($9528), one-bedroom apartments ranging in size between 535 – 943 sq ft and starting from Dh43,000 in annual rent, 1,052 – 1,415 sq-ft two-bedroom apartments with an annual rent starting at Dh53,000, and 1,539.35 – 1,576.9 sq-ft three-bedroom apartments with an annual rent starting at Dh73,000.

On the overwhelming response, Zainab Mohammed, the chief property management and marketing officer at wasl properties, said: "We are proud to declare the substantial interest in both wasl Crystal and wasl Crystal II. The properties were developed with residents in mind, employing world-class standards to offer premium apartments at affordable prices, in one of Dubai’s most promising locations, Al Quoz."

"In proximity to food and beverages (F&B) and retail outlets and featuring a host of amenities, both projects are proving to be an attractive option for tenants," he added.

Based on the heightened interest and as part of wasl’s mission to cater to all segments in the market, wasl Crystal III will also be announced soon, comprising 106 units of one-, two-, and three-bedroom apartments, said Mohammed.

"Known for being an employment hub and for its many art galleries, Al Quoz is a vital Dubai location. Developing projects there progresses upon wasl’s mandate to reach out to customers across all areas in the emirate," she added.-TradeArabia News Service