Maktoum bin Mohammed chairs the meeting of the Board of Directors of the Dubai Real Estate Corporation and reviews the group’s achievements "receipt" For the year 2025
DUBAI, 7 December / WAM / His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, Chairman of the Board of Directors of the Dubai Real Estate Corporation, chaired the meeting of the Corporation’s Board of Directors, during which the achievements of the Wasl Group for the year 2025 were reviewed.
His Highness praised the outstanding performance of Dubai Real Estate Corporation and Wasl Group, which reflects the strength of the real estate sector in Dubai and its ability to achieve sustainable growth, and continue its vital role in supporting the comprehensive development process of the emirate, as it is one of the basic pillars of Dubai’s economy and a major tributary to creating job opportunities, supporting infrastructure projects, and enhancing the emirate’s position as a leading global destination for living, working, and investing.
His Highness said: “The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, established a pioneering model in urban planning and city development, and Dubai today continues to translate this vision through quality real estate projects that enhance the quality of life and raise the emirate’s status and competitiveness on the global level.”
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum directed the continuation of Wasl Group’s efforts to develop high-quality real estate projects that contribute to achieving the goals of the Dubai Economic Agenda D33 and enhance the emirate’s ambition to be among the best three economic cities in the world, while committing to the highest rates of excellence and quality in the real estate, hospitality and entertainment sectors.
The meeting was attended by His Excellency Hesham Abdullah Al Qassim, Vice Chairman of the Board of Directors of Dubai Real Estate Corporation, CEO of Wasl Group, His Excellency Mohammed Hadi Ahmed Al Husseini, Rashid Mohammed Rashid Al Mutawa, Shuaib Mir Hashem Khoury, Rashid Ali bin Aboud, and Abdulaziz Mohammed Al Mulla.
The Board of Directors of Dubai Real Estate Corporation discussed the latest developments in the digital transformation program of Wasl Group, which has undergone extensive planning stages and has now entered its implementation phase, which contributes to improving customer experience, raising the efficiency of operational processes, and enhancing the group’s institutional capacity.
The Board of Directors reviewed the achievements of Wasl Group in supporting the affordable housing file, as one of the main pillars of its mission to provide integrated residential complexes for the residents of Dubai. The Board noted the priority of this trend, as the number of affordable housing units affiliated with Wasl reached 45,000 housing units in the year 2025, within a portfolio that today represents 85% of the group’s total residential rental units, providing residents with complexes that are distinguished by With green spaces, modern facilities, and strong connectivity networks throughout Dubai.
Based on this progress, and in support of the Dubai Urban Plan 2040, wasl intends to double its residential leasing portfolio in the coming years, with the aim of facilitating access to housing for various segments of society.
For his part, His Excellency Hisham Al Qassim said: We at Wasl are committed to supporting the strategic direction of the Emirate of Dubai towards building an integrated economic and urban system that enhances the quality of life and provides a global environment for living, working and investing. Thanks to the directives of our wise leadership, we are continuing to develop affordable, high-quality housing projects that enhance the role of the real estate sector in achieving the emirate’s goals and consolidating its position as an attractive destination for investors and talents from around the world.
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