Dubai Real Estate Authority Chairman Oversees "Wasl" Group's Achievements

Dubai's real estate sector just got a major boost as the emirate's leadership praised strong performance from Wasl Group and outlined ambitious plans to double rental housing units in the coming years. The move supports Dubai's goal to become one of the world's top three economic cities while addressing growing housing demand.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Dubai's First Deputy Ruler and UAE Finance Minister, chaired a board meeting for Dubai Real Estate Corporation where he highlighted the sector's vital role in the emirate's economy. He pointed to real estate as a key pillar creating jobs, supporting infrastructure projects, and strengthening Dubai's position as a global destination for living and investment.

"Sheikh Mohammed bin Rashid's vision has established a pioneering model in urban planning and city development," Sheikh Maktoum said. "Dubai continues to translate this vision through quality real estate projects that enhance quality of life and elevate the emirate's global competitiveness."

The numbers tell the story. Wasl Group now operates 45,000 affordable housing units as of 2025, representing 85% of the group's total rental portfolio. These developments feature green spaces, modern facilities, and strong connectivity networks across Dubai.

But here's where it gets interesting for investors and residents alike. Wasl plans to double its rental housing portfolio over the next few years, directly supporting Dubai Urban Plan 2040. This expansion aims to make housing accessible to different segments of society while meeting the emirate's rapid population growth.

The board also reviewed Wasl's digital transformation program, which has moved from planning into implementation phase. This shift should improve customer experience and boost operational efficiency across the group's properties.

For Dubai's economy, this housing push carries significant weight. The emirate has been attracting global talent and investment at record levels, creating pressure on housing supply. By expanding affordable options, Dubai addresses a key challenge that could limit its growth ambitions.

Hisham Al Qasim, Wasl's CEO, emphasized the group's commitment to supporting Dubai's strategic direction toward building an integrated economic and urban system. The focus remains on developing affordable, high-quality housing projects that reinforce the real estate sector's role in achieving the emirate's targets.

This housing expansion aligns with Dubai Economic Agenda D33, the emirate's plan to become a top-three global economic city. Real estate development serves as both an economic driver and infrastructure foundation for attracting international businesses and residents.