Apartments now available on rent in Dubai's Wasl Square

Wasl Asset Management Group, a subsidiary of Dubai Real Estate Corporation, is commencing leasing for one- and two-bedroom apartments in Wasl Square project in Jumeirah.

Annual rent for a one-bed apartment will be will be Dh75,555 (Dh6,296 per month) while a two-bed is being leased for Dh92,555 per annum (Dh7,712 per month).

Tenants will have to pay five per cent security deposit and five per cent commission. Viewing and leasing will commence from October 10, the company said.

The project, dubbed — the Jewel of Jumeirah — by the company, will have 140 apartments (26 one-bedroom  and 114 two-bedroom) and 130 townhouses (14 three-bed and 116 four-bed), according to the company brochure.

Rajeev Kumar, who is staying in the Palm Shoreline Apartments, has been looking for a new house as his lease contract expires in October.

“My contract expires this month. I am planning to move there as the rent for two-bed is reasonable considered what I am paying for the Shoreline. Although I won’t be staying on the Palm, but Jumeirah isn’t bad at all.”

These are the first apartments to be released in Jumeirah, which mostly has villas and townhouses.

In February, 'Emirates 24|7' reported rents for a four-bed townhouse in Wasl Square start from Dh195,000 to Dh220,00 per year, or Dh16,250 to Dh18,333 per month, while three-bed townhouse are being leased from Dh185,000 to Dh188,000 per year, or Dh15,416 to 15,666 (all per month).

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