H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum chaired a meeting to review the 2025 performance of the group’s real estate operations. He praised the strong results, noting that they reflect Dubai’s resilient property market and its steady ability to support sustainable economic momentum. Moreover, he emphasised that real estate continues to serve as a major driver of employment, infrastructure development, and long-term investment appeal.
He stated that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum has established a benchmark for urban planning. Furthermore, he noted that Dubai is consistently advancing this vision through world-class developments that strengthen competitiveness and elevate the quality of life. He also directed the organisation to maintain its commitment to high-impact projects that align with the Dubai Economic Agenda D33 and reinforce the emirate’s ambition to rank among the world’s top three urban economies.
Strategic Updates and Digital Transformation
The meeting brought together senior board members, who discussed several strategic updates. During the session, they reviewed progress on the entity’s digital transformation programme, which has now entered its implementation phase. As a result, the initiative is enhancing customer experience, improving operational efficiency, and boosting overall business capacity.
Additionally, the board evaluated ongoing efforts in affordable housing, a core priority for ensuring that residents benefit from well-connected and accessible communities. The organisation now manages 45,000 affordable residential units, representing a significant majority of its leasing portfolio. This expansion provides vibrant neighbourhoods enriched with greenery, amenities, and strong connectivity across the city.
Future Growth and Urban Development Goals
Looking ahead, the group aims to double its residential leasing portfolio in alignment with the Dubai 2040 Urban Master Plan. This step will further support housing availability for residents across different income levels. Moreover, it will contribute to a more inclusive urban environment that promotes stability and long-term growth.
Hesham Al Qassim, CEO, said, “At Wasl, we align our efforts with Dubai’s strategic direction to build an integrated economic and urban ecosystem that enhances quality of life and shapes a world-class city, where people aspire to live, work and invest. Under the guidance of our leadership, we remain committed to creating quality, affordable developments that drive real estate’s role in realising Dubai’s objectives and reinforcing its position as a global hub for talent and investments.”
