Wasl Group has broken ground on a mixed use development project in Bur Dubai near Port Rashid.
Construction work has already started Port Views following recent awarding of the main contracts to four major contracting companies.
The development includes 1,477 residential units of various sizes and areas, in addition to retail and restaurants and three mid-range hotels, which will add more than 528 rooms and serviced apartments.
Hesham Al Qassim, CEO of wasl Asset Management Group, said: One of our companys core roles is to meet demand and fill the current gaps in the market with a range of offerings that suit the tenants, retailers and tourists who visit and spend quality time in the Emirate.
“wasl aims to fulfil all of this through the development of this significant project within a strategic part of the city, which will make essential contributions to Dubais development in the coming decades.
Al Qassim added: 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 companys commitment in supporting Dubais strategic future plans to become a leading global destination to work, visit and live in.
The project, which is spread across 92,903 m2, is equipped with a range of facilities and amenities including a health club, a mosque, and a public park in the centre of the project.