Dubai developer wasl to lease 280 new residential units in Dubai

wasl is about to add new offerings to the list of affordable housing rentals in Dubai.

By the end of the year, the range of affordable rental offers in Dubai is about to expand again, this time due to the new residential and hotel property lease offerings in Muhaisnah district of Dubai from Dubai developer wasl.

"wasl oasis II has been designed to enhance the lifestyle of mid-income residents by bringing to the area high quality residential units that provide the very best in contemporary urban living," said Zainab Mohammed, CEO Property Management and Marketing, wasl properties.

As part of the first phase of the wasl oasis II real estate project its developer will start constructing seven of 23 residential buildings planned in the development. Potential tenants will be offered 1,244 residential units, including 48 studios, 636 one-bedroom apartments, 432 two-bedroom apartments and 128 three-bedroom apartments.

The rest of the 934 apartments in 16 residential buildings of wasl oasis II is also planned to be brought to the market soon, in the first quarter of 2016.

"As a gated neighbourhood that is affordable and secure, wasl oasis II is designed to optimise urban living. It is a testament of wasl properties' commitment to regenerating the city through careful planning, development and management of the very best residential property offerings," added Mohammed.

wasl oasis II will include all the necessary infrastructure units like a mosque, a supermarket, landscaped area and parking facilities.

Most Dubai analytical agencies say that demand for affordable rentals in Dubai outstrips supply, that’s why we should expect a further growth of rental prices in this segment of the real estate market in the coming months.

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