Wasl properties

Wasl properties sits under wasl Asset Management Group, the semi-government platform created by the Dubai Real Estate Corporation (DREC) in 2008 to steward and grow Dubai’s public real-estate portfolio. That mandate—part landlord, part developer—means wasl combines steady leasing income with selective freehold development, hospitality and leisure, all anchored in Dubai.

Scale is a core advantage. Across the group, wasl manages 55,000+ residential and commercial units, 35+ hotels/aparthotels, ~5,500 land plots, plus multiple freehold master developments and golf assets—verticals that spread risk, stabilize cash flows and give wasl strong control over operations. Governance is tight: the organization is chaired at the emirate level, with Hesham Al Qassim as CEO overseeing real estate, hospitality and leisure.

For investors, the differentiators are execution and integration. As one of Dubai’s largest landlords, wasl runs both leasehold and freehold portfolios, underwrites hospitality to support tourism, and partners across the city’s strategic initiatives (e.g., logistics and “future economy” districts)—a mix that underpins demand, brand equity and long-term asset value. The group’s profile is regularly recognized in regional rankings and media round-ups of leading developers.

Geographically, wasl is UAE-centric and primarily Dubai-focused—by design. Its mandate is to activate key districts, add supply where needed, and maintain high service levels across residential, commercial and hospitality assets, rather than chase overseas expansion