Dubai, UAE — H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, convened a meeting of the Dubai Real Estate Corporation (DREC) Board to assess Wasl Group’s performance for 2025, marking a robust year for the emirate’s property market.
During the meeting, Sheikh Maktoum commended the sustained momentum within DREC and Wasl Group, emphasizing that the resilience and growth of Dubai’s real estate sector signal the emirate’s overall economic vitality. He underscored that the property sector is essential for job creation, infrastructure enhancement, and reinforcing Dubai's status as a global hub for residents, investors, and tourists.
The session reiterated Dubai’s enduring vision for urban development, guided by H.H. Sheikh Mohammed bin Rashid Al Maktoum. It was highlighted that ongoing real estate projects continue to enhance livability standards and boost the emirate’s global competitiveness, in line with the strategic objectives set forth in the Dubai Economic Agenda D33.
A pivotal aspect of the discussion was Wasl Group’s strides in digital transformation. The initiative, now transitioning into practical implementation, seeks to enhance customer experiences, bolster operational efficiencies, and increase business capacity across the Group’s various sectors.
The focus on housing accessibility was also significant. The Board assessed Wasl’s success in affordable housing, confirming that the Group delivered 45,000 units in 2025, which comprise 85% of Wasl’s leasing stock. These properties provide residents with vibrant communities featuring green spaces, connectivity, and necessary facilities. In alignment with the Dubai 2040 Urban Master Plan, Wasl aims to double its residential leasing portfolio in the upcoming years to accommodate a broader spectrum of income levels.
The meeting included key board members such as Hesham Abdulla Al Qassim, Mohamed Hadi Ahmed Al Hussaini, Rashid Mohammed Rashid Al-Mutawa, Shuaib Mir Hashem Khouri, Rashid Ali bin Oboud, and Abdulaziz Mohammed Al Mulla.
The Board concluded by reinforcing the importance of sustaining progress across real estate, hospitality, and entertainment initiatives, ensuring that development efforts align with Dubai’s long-term economic and urban strategies.
A drone strike near Dubai Airport hit a fuel tank and caused a large fire. Flights were temporarily
Donald Trump says the US will focus on ending the Iran conflict before dealing with Cuba, even as ta
Federal government signs landmark agreements with Musqueam Nation, recognizing Aboriginal rights whi
Canada’s labour market faltered with a sharp drop in employment and higher unemployment, marking the
