Dubai: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Real Estate Corporation (DREC), chaired a meeting of the DREC Board of Directors, during which he reviewed the 2025 performance of Wasl Group.
According to Emirates News Agency, H.H. Sheikh Maktoum commended DREC and Wasl Group's performance, which reflects Dubai's real estate sector and its capacity to drive growth and development. He emphasized that the real estate sector remains a central component of the emirate's economy, supporting job creation, infrastructure development, and reinforcing Dubai's status as a global destination for living, investment, and opportunity.
H.H. Sheikh Maktoum bin Mohammed highlighted, 'The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has set a benchmark for urban planning and development. Today, Dubai continues to realize this vision through real estate projects that enhance our quality of life and bolster the emirate's global competitiveness.'
He instructed Wasl Group to continue delivering innovative real estate projects that advance the objectives of the Dubai Economic Agenda D33 and support the emirate's ambition to rank among the world's top three urban economies, while adhering to standards of excellence and quality across various sectors.
The meeting was attended by Hesham Abdulla Al Qassim, Vice Chairman; Mohamed Hadi Ahmed Al Hussaini; Rashid Mohammed Rashid Al-Mutawa; Shuaib Mir Hashem Khouri; Rashid Ali bin Oboud; and Abdulaziz Mohammed Al Mulla.
The DREC Board reviewed the progress in Wasl's digital transformation journey, a strategic programme that is now in its implementation phase, aimed at enhancing customer experience, increasing operational efficiency, and expanding business capacity across the Group.
The Board also assessed Wasl's performance in affordable housing, a core pillar of the Group's mission to provide Dubai residents with well-connected communities. It was noted that in 2025, Wasl reached 45,000 affordable residential units, representing 85% of the Group's residential leasing offering, providing vibrant communities with greenery, amenities, and connectivity across Dubai.
Building on this progress, and in line with the Dubai 2040 Urban Master Plan, Wasl aims to double its residential leasing portfolio in the coming years, further supporting housing accessibility for residents across different income levels.
Hesham Al Qassim, CEO of Wasl Group, commented, '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 reinforce Dubai's position as a global hub for talent and investments.'