LUXHABITAT Sotheby’s International Realty is appointed by wasl Asset Management Group to exclusively manage the sales for the development project of 1 Residences Tower East in Za’abeel 1. The second tower, Tower East at 1 Residences, a luxury residential complex located in the wasl1 master development has just been launched. This development is set for handover in October 2022 and is conveniently located at Za’abeel 1, offering impressive views of Dubai’s modern skyline and the charming Old Dubai through the Dubai Frame. The one, two and three-bedroom apartments start from a price point of AED 1.32 million. The release of sales in Tower East follows the success of Tower West(1), where the majority of the apartments are already sold. Tower West of the luxury residential complex in the wasl1 master development has already sold the majority of apartments since its launch in June 2022.

“From overseas investors looking for healthy returns on their investment to skilled workers moving to Dubai, the real estate sector is showing signs of sustained momentum and demand. Last quarter the most popular property type sold within the luxury segment was ready-to-move-in projects, continuing to outperform the off-plan market.

As the biggest luxury real estate platform in the region, our focus remains to be associated with projects such as 1 Residences that will deliver investors continued capital appreciation apart from convenient, world-class community living. From an investor perspective, these residences that are customizable and ready to be handed over ahead of the new year also offer prospective yields,” said George Azar, CEO of LUXHABITAT Sotheby's International Realty. Located opposite Za’abeel Park, the mixed-use project features 753 ready-to-move-in apartments while the residents will also enjoy access to exceptional dining, leisure, and entertainment facilities within the master development. The building itself includes an impressive 340-meter glassed-walled jogging track on the terrace, two swimming pools, two state-of-art gymnasiums, a podium courtyard, kids play areas, BBQ pits and more.

"1 Residences will deliver investors continued capital appreciation apart from convenient, world-class community living. From an investor perspective, these residences that are customizable and ready to be handed over ahead of the new year also offer prospective yields."