Wasl Properties rapidly leases 126 housing units in Summer Deals Campaign

Dubai-based real estate developer Wasl Properties, a part of the Wasl Asset Management Group leased out 126 residential units across Dubai in six hours as part of its Summer Deals campaign that was launched on 20 August, 2020.

Wasl Properties took the leasing process online, marking a first for Dubai’s real estate market. This, naturally, helped potential buyers and investors 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.

In addition, to ensure transparency, the leasing process was livestreamed on Instagram by the developer of Wasl Gate.

As part of its Summer Deals campaign, the developer has released 500 units; and due to the increasing demand, it announced the extension of the deals by an additional week until 27 August.

Wasl epects 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.

Wasl offered 5 to 10% on the rental fee, depending on the location, type, and size of the unit, with an option of making the payments through 12 cheques.

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