Wasl Properties Leases 126 Units in 6 Hours

Press release
Published August 24th, 2020 - 09:52 GMT
Wasl Properties Leases 126 Units in 6 Hours
Wasl Properties
Highlights
wasl properties has announced the leasing of 126 residential units from its residential portfolio across Dubai in six hours as part of its Summer Deals campaign that was launched on 20 August.

wasl properties, one of the largest real estate development and management companies in Dubai, has announced the leasing of 126 residential units from its residential portfolio across Dubai in six hours as part of its Summer Deals campaign that was launched on 20 August. This achievement reiterates the company’s solid strategic approach and its well-thought-out plans, both of which contribute to consolidating its position as a leading company in a highly competitive market.

The company had announced that the leasing process would be completed conducted online, marking a first for Dubai’s real estate market. This allowed potential customers to reserve their desired units by submitting all the required personal details as well as settle and receive their lease contracts, all within a few minutes. Moreover, to ensure transparency, wasl livestreamed the leasing process and performance on Instagram, becoming the first regional developer to do so.

wasl had released 500 units as part of its Summer Deals campaign, and due to the increasing demand, it announced the extension of the deals by an additional week until Thursday, 27 August. wasl expects to lease an additional 200 units, and existing tenants can also benefit from these offers by moving to new units, upgrading, or downgrading based on their desired units and locations.

On the day of the campaign, wasl offered 5 – 10% on the rental fee, depending on the location, type, and size of the unit, and the possibility of making payments through 12 checks.

Thanks to wasl’s diverse portfolio, which includes over 50,000 residential and commercial unit spread across the emirate, and its special prices and services, the occupancy rate at wasl has now reached 85%.

Background Information

wasl Asset Management Group

wasl Asset Management Group, one of the largest real estate management companies in Dubai, was established by the Dubai Real Estate Corporation (DREC) to oversee the management of its assets and grow its real estate portfolio. 

wasl’s operations span various sectors; from residential and commercial properties, to industrial plots of land and from leisure and entertainment to hotels and serviced apartments.​​​​​​

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