wasl Asset Management Group has announced the launch of its new project ‘Port Views’, it said in a statement on Sunday.
Construction works have already started at the project site following recent awarding of the main contracts to four major contracting companies.
Port Views is comprised of 1,477 residential units of various sizes and areas, in addition to several retail stores and restaurants.
“wasl’s strategy focuses on working in perfect harmony with the changes to Dubai’s real estate and hospitality sectors. One of our company’s core roles is to meet demand and fill the current gaps in the market with a range of offerings that suit the tenants, retailers and tourists who visit and spend quality time in the Emirate,” said Hesham Al Qassim – CEO of wasl Asset Management Group.
“wasl aims to fulfil all of this through the development of this significant project within a strategic part of the city, which will make essential contributions to Dubai’s development in the coming decades.”
The new development, located in Bur Dubai near Port Rashid, will add quality residential, commercial and hospitality accommodation offerings to the market.
The launch forms part of the company’s core objective to carry out tasks in line with Dubai’s strategic plans,and to meet the significant demand from tenants who are interested in living and working in this vibrant area.
Once completed, the project will also provide the market with three mid-range hotels,which will add more than 528 rooms and serviced apartments to the hospitality sector ahead of Expo 2020.
Al Qassim added: “The most important project feature is that it provides a well-rounded complex for the real estate sector, and its completion before Expo 2020 reaffirms the company’s commitment in supporting Dubai’s strategic future plans to become a leading global destination to work, visit and live in.”