By Paromita Dey
Port Views project comprises 1,477 residential units and three mid-range hotels
Real estate developer Wasl Asset Management Group has launched its new project 'Port Views', located in Bur Dubai near Port Rashid, Dubai.
Port Views comprises 1,477 apartments of various sizes and areas, in addition to several retail stores and restaurants.
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.
Construction works have already started at the project site following recent awarding of the main contracts to four major contracting companies. The project will be handed over in phases, but is expected to be fully developed by 2020.
Hesham Al Qassim, CEO of wasl Asset Management Group, said: “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.
"Moreover, we are using our expertise in developing this project to exceed all expectations of residents and retailers.”
Wasl Group said the project, which is spread across 92,903 sqm, is equipped with an extensive range of facilities and amenities which include a health club, a mosque, and a public park in the centre of the project.
Wasl group was expected to quote an economical and affordable housing prices. But their price seems to be higher or equal to some new private property rents quoted by their agents. This is not a healthy scene. Have you landlords or agents ever thought how a common man can pay so much rent to live in the city ? Why we should move to far off places and sit behind the wheels for 2 hours to commute to get an affordable house? Its absurd.