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Mon 15 Dec 2014 01:57 PM

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wasl says phase 1 of Dubai Creek project sells out in hours

Developer announces strong demand for first residential units in its mixed-use Hyatt Regency Creek Heights Residences

wasl says phase 1 of Dubai Creek project sells out in hours
A general view of Dubai Creek. (Getty Images)

wasl Asset Management Group said on Monday that the first phase of residential units in its mixed-use Hyatt Regency Creek Heights Residences has sold out within hours of being launched.

The new luxury project, located on the Dubai Creek, marks wasl's entry into Dubai's freehold real estate sector for the first time, with customers able to move into their apartments immediately.

wasl opened the doors to prospective buyers earlier on Monday and said business proved brisk, with the company making bulk sales to several investors, with priority given to UAE nationals.

"We would like to thank all our valued customers who have purchased new units at Hyatt Regency Creek Heights Residences," said Zainab Mohammed, CEO Property Management and Corporate Communication, wasl.

Hyatt Regency Creek Heights Residences features a 43-floor residential tower with 405 luxury units; comprising 111 studios, 138 one-bedroom, 107 two-bedroom, 43 three-bedroom and 6 one-, two-, three- and four-bedroom loft styled duplex apartments.

It also houses a five-star Hyatt Regency Dubai Creek Heights Hotel with 443 premium rooms.

The project covers a total land area of 180,000 sq ft and a built up area of 2.2 million sq ft.

Mohammed added: "We intend to continue undertaking more projects in this sector, thereby ensuring the diversity of our portfolio in the freehold market in the coming years. The customers' keenness to snap up units in this new development is further evidence that Dubai's real estate sector is based on solid foundations."

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