New & Off-Plan Projects by Wasl Properties
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Tamara Getigezheva
Co-Founder
Wasl Properties Off-Plan Projects: Prices, Payment Plans & New Launches
Payment Plans & Prices
Wasl Properties payment plans currently range from 40/60 and 50/50 to 55/45 and 60/40, with a 10–20% booking deposit and the balance split between construction-linked instalments and a lump sum on handover. Entry prices start from AED 550,000 for a studio in South Garden (Wasl Gate) and from AED 665,000 for Hills Views, while 1–4 bedroom apartments in Park Views Residences and Avenue Park Towers (Al Kifaf) start from AED 1.4–1.5 million. One B Tower in Aykon City starts from AED 1.6 million for 1–4 bedroom units. Buyers purchasing AED 2 million and above may qualify for the UAE Golden Visa.
New Launches by Wasl Properties in 2026
Wasl Properties' most recent new launches include Avenue Park Towers in Jumeirah Golf Estates, positioned beside the Max Metro Station, and Cedarwood Estates South, a new villa community also in Jumeirah Golf Estates. Demand for prior launches has been strong: Park Views Residences Tower A sold out all 600 of its units within 36 hours of release. Upcoming freehold communities flagged on Wasl's own project pipeline include Nine Collective and Boulevard Park, both expected to expand the developer's off-plan offering beyond its current Wasl Gate and Al Kifaf concentration.
Property Types
Wasl Properties' for-sale portfolio covers studio to 4-bedroom apartments, penthouses, townhouses and villas. Wasl Gate concentrates the more affordable studio-to-3-bedroom apartment stock in South Garden and Hills Views, alongside townhouses and penthouses in the Hillside Residences cluster. Al Kifaf and Aykon City focus on 1–4 bedroom high-rise apartments in Park Views Residences, Avenue Park Towers and One B Tower, while The Next Chapter in Jumeirah Golf Estates and the Cedarwood Estates villa community target buyers seeking larger, low-density family homes.
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About Wasl Properties
Wasl Properties was established in 2008 by Wasl Asset Management Group, formed through the merger of two Dubai government bodies — the Dubai Development Board and the Real Estate Department — under the Dubai Real Estate Corporation (DREC). The company is chaired by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, with H.E. Hesham Al Qassim serving as CEO. Wasl entered Dubai's freehold sales market in 2014 with the Hyatt Regency Creek Heights project, having previously focused on leasing and managing older residential and commercial districts of the city.
The developer's portfolio spans residential, commercial, hospitality and mixed-use assets across long-established Dubai districts including Deira, Bur Dubai, Al Karama, Jumeirah, Jebel Ali, Al Quoz and Ras Al Khor, alongside newer freehold communities. Landmark developments include Wasl Tower on Sheikh Zayed Road, Wasl1 in Al Karama, and Dubai CommerCity, a joint venture with the Dubai Integrated Economic Zones Authority. Wasl is also the developer partner behind Food Tech Valley, a UAE government-led food security initiative.
Wasl Properties' current for-sale pipeline is concentrated in Wasl Gate, Al Kifaf, Aykon City in Business Bay, and Jumeirah Golf Estates, spanning price points from affordable studios to family villas. Alongside residential sales, the group operates a hospitality and leisure division with a portfolio of hotels and golf clubs, giving it a broader asset base than most privately owned Dubai developers.
Wasl Properties Key Facts
A snapshot of Wasl Properties' scale and track record in Dubai real estate.
2008
Year Wasl Properties was established by Wasl Asset Management Group under the Dubai Real Estate Corporation.
50,000+
Residential and commercial properties managed by Wasl across Dubai, per its 2025 corporate profile.
12
Active residential communities in Dubai, including Wasl 51 and Wasl Port Views.
600 units / 36 hrs
Units sold out at the Park Views Residences Tower A launch, reflecting buyer demand for Wasl's off-plan releases.
Investment Advantages of Wasl Properties
Government-Backed Stability
As a subsidiary of the Dubai Real Estate Corporation, Wasl operates without the debt and sales-target pressure of privately held developers, giving buyers added confidence in project delivery.
Freehold Ownership & Golden Visa Eligibility
Wasl’s off-plan communities are sold on a full freehold basis to buyers of all nationalities, and purchases of AED 2 million or more can qualify investors for the UAE’s 10-year Golden Visa.
Strategic, Growth-Corridor Locations
Wasl’s active projects sit along established growth corridors — Sheikh Zayed Road at Wasl Gate, Al Kifaf’s Bur Dubai frontage, and Aykon City in Business Bay — supporting long-term rental and resale demand.
Diversified Portfolio Across Price Points
From AED 550,000 studios in South Garden to villa-led communities in Jumeirah Golf Estates, Wasl spans the affordable-to-premium spectrum, giving investors flexibility across budget and asset type.
Key Areas by Wasl Properties
Wasl Properties' current off-plan footprint centres on five Dubai locations. Wasl Gate, positioned off Sheikh Zayed Road near Jebel Ali, hosts the developer's largest concentration of active launches, including South Garden, Hills Views and the Hillside Residences cluster. In Al Kifaf, Bur Dubai, Park Views Residences and Avenue Park Towers offer high-rise apartments close to the district's commercial core. Aykon City in Business Bay is home to One B Tower, Wasl's high-rise apartment launch overlooking the Business Bay skyline. Jumeirah Golf Estates carries the developer's lower-density offering, with The Next Chapter and the Cedarwood Estates villa community. Beyond its active sales pipeline, Wasl's completed landmark assets — Wasl1 in Al Karama, Park Gate Residences in Zabeel, and Wasl 51 and Wasl Vita in Jumeirah — anchor its reputation across some of Dubai's more established residential districts.