wasl moves into Dubai freehold property sector

Creek Heights Residences comprises two towers of luxury furnished apartments and a five-star hotel

Peter Fulton, group president Europe, Africa, Middle East and Southwest Asia, Hyatt Hotels and Resorts and HE Hesham Abdullah Al Qassim, CEO of wasl A
Peter Fulton, group president Europe, Africa, Middle East and Southwest Asia, Hyatt Hotels and Resorts and HE Hesham Abdullah Al Qassim, CEO of wasl A

wasl Asset Management Group has launched a new development that sees it entering Dubai's freehold real estate sector for the first time.

Creek Heights comprises of three components. The first is a fully-furnished branded freehold luxury apartment building named Hyatt Regency Creek Heights Residences; the second an ultra-modern, contemporary hotel named Hyatt Regency Dubai Creek Heights; and the third is the Hyatt Regency Dubai Creek Heights Conference Centre.

The development marks a significant achievement for Dubai, as it is the first of its kind in the city where buyers can purchase property that is ready and owners will be able to take possession immediately.

"Hyatt Regency Creek Heights marks wasl Group's first venture into Dubai's freehold market and we are confident of its success as an attraction for investors and buyers who wish to move into ready apartments," said HE Hesham Abdullah Al Qassim, CEO of wasl Asset Management Group.

Hyatt Regency Creek Heights Residences 43-floor residential tower is home to 405 luxury units; comprising 111 studios, 138 one-bedroom, 107 two-bedroom, 43 three-bedroom and six one-, two, three- and four-bedroom loft apartments.

The five-star Hyatt Regency Dubai Creek Heights Hotel boasts 443 premium rooms and facilities that include four restaurants, two lounges, a spa, three gyms, one of which is female only and two pools. Its business centre offers an array of meeting rooms and provides full conference capabilities.

A total of 1,117 parking spaces are available and each freehold unit will be allocated a specified parking bay. The entire project covers a total land area of 180,000ft2 and a built up area of 2.2mn ft2.

Hyatt Regency Creek Heights Residences will open for interested investors to preview apartments from 26 November. The sale of apartments will commence on 15 December, 2014. 

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