Recent developments in the Dubai real estate sector indicate robust growth and innovative initiatives. The outstanding performance of both Dubai Properties and Wasl Group reflects the strength of the real estate sector in Dubai, showcasing the emirate’s commitment to sustainable development. This article explores the achievements highlighted during the recent board meeting chaired by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, emphasizing the sector’s vital role in shaping Dubai’s future.
Highlighting Significant Achievements
During a pivotal board meeting, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of Dubai Properties, reviewed the remarkable achievements of Wasl Group for the year 2025. The meeting underscored the exceptional performance of both Dubai Properties and Wasl Group, marking a significant indicator of the strength of the real estate sector in Dubai.
The Sheikh commended the sustainable growth represented by these entities, emphasizing their role in driving comprehensive development across the emirate. According to Sheikh Maktoum, “Dubai Properties and Wasl Group’s remarkable performance reflects the resurgence of the real estate sector, showcasing Dubai’s dedication to providing optimal real estate solutions for all community segments.”
A Vision for Urban Development
Sheikh Maktoum highlighted the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum in establishing the foundations for exemplary urban planning and city development. He stated, “Dubai continues to translate this vision through high-quality real estate projects that enhance the quality of life and elevate the emirate’s global competitiveness.”
Furthermore, he urged Wasl Group to continue developing high-quality real estate projects that align with the Dubai Economic Agenda D33, aiming to position the emirate as one of the top three economic cities globally. This commitment to excellence and quality in the real estate and hospitality sectors is fundamental to the ongoing success of the sector.
Focus on Affordable Housing
In the meeting, attention was directed to the recent advancements in Wasl Group’s digital transformation program. This initiative aims to enhance the customer experience, improve operational efficiency, and bolster the institutional capacity of the group. The board reviewed Wasl Group’s significant contributions towards affordable housing, noting that in 2025, it successfully provided 45,000 housing units, accounting for 85% of the group’s total residential leasing portfolio.
Plans are underway to double this portfolio in the coming years, reinforcing the commitment to the Dubai Urban Plan 2040. Sheikh Maktoum stressed the necessity of community-integrated housing solutions, stating, “We are steadfast in our pursuit to provide complete urban environments that enhance the quality of life and open doors for luxurious living for every citizen and resident.”
Promoting Quality of Life
Hisham Abdullah Al Qasim, Vice Chairman of Dubai Properties and CEO of Wasl Group, expressed, “At Wasl, we are committed to supporting Dubai’s strategic direction towards building a comprehensive economic and urban framework that enhances quality of life and offers a world-class environment for living, working, and investing.” He emphasized that, thanks to the insightful guidance from our leadership, we continue to develop affordable and high-quality housing projects that play a crucial role in achieving the emirate’s objectives.
Wasl Group’s Key Role
As one of the leading real estate development and management companies in Dubai, Wasl Group was established by Dubai Properties to manage its assets and expand its property portfolio. With a diverse portfolio that includes residential, commercial, hospitality, and industrial properties, the group plays a pivotal role in shaping Dubai’s urban landscape.
With over 60,000 residential and commercial units, 1,000 buildings, and 5,500 plots designated for various uses, Wasl Group has cemented its status as a foundational pillar in the Dubai real estate sector, further demonstrating the effectiveness of Dubai Properties and Wasl Group’s outstanding performance in reflecting the strength of the real estate sector.