His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Real Estate Corporation, chaired the Corporation’s Board meeting, during which the 2025 achievements of Wasl Group were reviewed.
His Highness praised the outstanding performance of the Dubai Real Estate Corporation and Wasl Group, noting that their achievements reflect the strength of Dubai’s real estate sector, its ability to maintain sustainable growth, and its continued vital role in supporting the emirate’s comprehensive development. He emphasized that the sector remains a key pillar of Dubai’s economy, a major driver of job creation, infrastructure development, and the emirate’s position as a leading global destination for living, working, and investing.
A Leading Urban Model
His Highness stated:
“The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum has established a pioneering model in urban planning and city development. Today, Dubai continues to translate this vision through landmark real estate projects that enhance quality of life and elevate the emirate’s global competitiveness.”
Sheikh Maktoum directed Wasl Group to continue developing high-quality real estate projects that support the objectives of the Dubai Economic Agenda (D33) and reinforce Dubai’s ambition to be among the world’s top three economic cities, while maintaining the highest standards of excellence in real estate, hospitality, and entertainment.
In a post on his X account, His Highness wrote:
“I chaired the Board meeting of Dubai Real Estate Corporation and reviewed Wasl Group’s 2025 achievements, which reflect the sector’s strong performance and Dubai’s commitment to providing the best real estate solutions for all segments of society.”
He added:
“We reviewed the Group’s role in supporting affordable housing through 45,000 units, representing 85% of its residential leasing portfolio, with plans to double this portfolio in the coming years in support of the Dubai 2040 Urban Master Plan.”
His Highness continued:
“Dubai continues its journey toward a leading model in urban planning and development, striving to offer an integrated urban environment that enhances quality of life and opens doors for investment and prosperous living for all citizens and residents.”
The meeting was attended by the Vice Chairman of Dubai Real Estate Corporation and CEO of Wasl Group, Hesham Abdulla Al Qassim, along with Mohammed Hadi Ahmed Al Hussaini, Rashid Mohammed Rashid Al Maktoum, Shuaib Meerhashim Khoory, Rashid Ali bin Aboud, and Abdulaziz Mohammed Al Mulla.
Affordable Housing Initiatives
The Board discussed the latest developments in Wasl Group’s digital transformation program, which has undergone extensive planning phases and is now in its implementation stage. The program aims to enhance customer experience, improve operational efficiency, and strengthen the Group’s institutional capabilities.
The Board also reviewed Wasl’s achievements in supporting affordable housing—one of its key missions to provide integrated residential communities across Dubai. The Board highlighted the importance of this direction, noting that the Group’s 45,000 affordable units in 2025 account for 85% of its total residential leasing portfolio, offering communities characterized by green spaces, modern facilities, and strong connectivity across the emirate.
In support of the Dubai 2040 Urban Master Plan, Wasl plans to double its residential leasing portfolio in the coming years, expanding access to affordable housing for all community segments.
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