Wasl Properties Leases 85 Percent of Its ‘Wasl Crystal’ and ‘Wasl Crystal Ii’ Buildings

Press release
Published January 6th, 2019 - 09:56 GMT
wasl Crystal
wasl Crystal

wasl properties, a subsidiary of wasl Asset Management Group, announced leasing of 85% of its units at ‘wasl Crystal’ and ‘wasl Crystal II’ in Al Quoz. This recorded interest within a short time frame is attributed to Al Quoz and what it offers for current and future tenants.

Remaining wasl Crystal II apartments to be leased include a 448-square-foot studio apartment with an annual rent of AED 35,000, one-bedroom apartments ranging in size between 535 – 943 sq. ft and starting from AED 43,000 in annual rent, 1,052 – 1,415 square-foot two-bedroom apartments with an annual rent starting at AED 53,000, and 1,539.35 – 1,576.9 square-foot three-bedroom apartments with annual rent starting at AED 73,000.

Zainab Mohammed, 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 F&B and retail outlets and featuring a host of amenities, both projects are proving to be an attractive option for tenants.”

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.

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.

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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Ahmed Malik
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