Dubai: Dubai’s property market is not just about buying and selling houses – quite a sizeable demand exists for new property rentals as well.
As part of its ‘Hello October’ promotion, Dubai’s Government owned company Wasl properties leased out 1,774 units in just one month. A total of 2,000 units were released into the market.
Wasl launched a soft communication campaign in September before going all out in October to coincide with Expo 2020 Dubai. This shows “conclusive evidence of wasl’s success in attracting new customers and providing housing options,” the developer said.
86 percent of the company’s residential properties were occupied. The company has one of the most diverse residential portfolios in the city, which includes newly delivered projects at Al Ghusais.
A lease is negotiated through the company’s website and leasing app, which allows potential customers to reserve units by submitting their details, as well as settle and receive their lease contracts, all within minutes.