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Post by : Badri Ariffin
Dubai, UAE — During a recent meeting led by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, the Board of the Dubai Real Estate Corporation (DREC) assessed Wasl Group’s performance for 2025. This year stands out as a testament to the robust recovery of the emirate's real estate market.
Sheikh Maktoum expressed satisfaction with the progress made by DREC and Wasl Group, emphasizing that the durability and expansion of Dubai’s property market mirror the overall economic vitality of the emirate. He pointed out that real estate plays a pivotal role in job creation and infrastructure advancement, reinforcing Dubai’s appeal to residents, investors, and tourists alike.
The meeting reinforced the comprehensive urban development vision of Dubai, driven by H.H. Sheikh Mohammed bin Rashid Al Maktoum’s leadership. Current projects within the real estate sector are seen as enhancing the livability in the emirate and boosting its status on the global stage, in line with the Dubai Economic Agenda D33.
A significant highlight was the evaluation of Wasl Group's digital transformation initiatives. Transitioning from the planning phase to execution, this strategy is designed to enhance customer experiences, improve operational workflows, and broaden the business capabilities within Wasl’s diverse portfolio.
Housing accessibility continues to be a priority. The Board noted Wasl’s achievements in affordable housing, noting the completion of 45,000 units by 2025, which constitute 85% of Wasl's leasing portfolio. These units provide residents with vibrant communities that include green spaces and essential facilities. Consistent with the Dubai 2040 Urban Master Plan, Wasl aims to double its residential offerings in upcoming years to cater to a wider demographic.
Attendees included notable 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 conclave marked a commitment to sustaining growth across projects in real estate, hospitality, and entertainment, ensuring alignment with Dubai’s long-term economic and urban developmental objectives.
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