Dubai's ruler backs major real estate projects
Four major real estate projects being built by Wasl Asset Management Group in Dubai have won the backing of Sheikh Mohammed bin Rashid Al Maktoum
Four major real estate projects being built by Wasl Asset Management Group in Dubai have won the backing of Sheikh Mohammed bin Rashid Al Maktoum, the UAE's Vice President and Prime Minister of the UAE and Ruler of Dubai.
The projects viewed by Sheikh Mohammed included the mixed-use Creek Heights Residences, a development of two towers incorporating a five-star Hyatt Regency Hotel and luxury furnished apartments, news agency WAM reported.
Sheikh Mohammed also launched three other development projects to be undertaken by Wasl Asset Management Group including Zabeel Park 1, a mixed-use complex comprising hotels, residential and office buildings, cafes and restaurants, recreational facilities and shops.
The project will also include the first year-round snow fountain and a water fountain which will be fitted with the latest lighting technologies. The main tower in the project will take the shape of the number 1, reflecting Dubai’s quest to be number one.
The mega model of Al Wasl Tower, which will rise on the Sheikh Zayed Road, and will resemble an integrated vertical city and feature the world’s tallest ceramic facade was also viewed by the Dubai Ruler.
In addition to vertical gardens, the project will include a light museum, the first of its kind in the region, to showcase the history, art and technologies.
Sheikh Mohammad also viewed a model of Dubai Gate, which will be located in Jebel Ali near the Dubai Metro station.
According to WAM, Sheikh Mohammad expressed his satisfaction with the projects, which "will boost the national economy and help develop and stimulate the tourism sector in the UAE".