Dubai’s Wasl Properties unveils its new residential project ‘The Nook 1’

By Shilpa Annie Joseph, Official Reporter
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The Nook
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Dubai-based Wasl Properties, one of the largest real estate development company in the region, has launched The Nook 1 building, which is part of the wasl gate master development in Jebel Ali.

The Nook 1, which consists of one-, two-, and three-bedroom apartments, features modern amenities, including a pool, a state-of-the-art gym, a kids’ play area, and surrounding lush landscaping to ensure a comfortable lifestyle for tenants.

Wasl Properties said in a statement that, “The new building comprises 299 ready-to-move-in apartments and was launched following the near sell-out of the first building, which revealed the emergence of millennial buyers in the Dubai real estate market, with 50 percent of buyers being Emirati youth.”

The project is situated near the Energy Metro Station and other key entertainment as well as business attractions in the area.

“The Nook is a highly sought-after project due to its unique selling points and well-studied prices which has attracted both end-users and investors. The previous building generated massive interest from young buyers, which granted the company access to market insights that helped in targeting cross-segments of buyers for this new launch,” as per the company.

Once completed, the 1.13 million sqm wasl gate development will feature 7,000 residential units, hospitality, community, leisure, entertainment amenities, restaurants and cafes.

“The development will also be in proximity to free zones; Jafza, DMCC and Dubai Internet City business clusters; and DWC and Dubai Parks & Resorts,” the company added.

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