Wasl Asset Management Group has delivered 45,000 affordable homes and now plans to double its portfolio to support Dubai 2040. Affordable homes remain a key focus as the emirate aims to provide housing for all community segments.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, chaired a Dubai Properties Board meeting to review Wasl’s 2025 achievements. He highlighted the group’s contribution to Dubai’s urban development and housing sector.
In a statement on X, Sheikh Maktoum said Wasl’s performance reflects both the rebound of Dubai’s real estate market and the emirate’s commitment to accessible housing. He emphasized that the group continues to provide quality solutions for citizens and residents.
Wasl’s 45,000 residential units now represent 85 percent of its rental portfolio. Moreover, plans are underway to double this portfolio in the coming years, supporting the Dubai 2040 Urban Master Plan. The expansion aims to enhance urban integration and strengthen residential options across the city.
Officials noted that the strategy aligns with Dubai’s long-term urban vision, which prioritizes sustainable growth, investment opportunities, and improved quality of life. Consequently, affordable homes will play a central role in future housing policies.
The group’s initiatives also focus on balancing market demand with social responsibility. By offering accessible rental units, Wasl ensures that diverse segments of society can access safe, modern, and affordable housing.
Furthermore, Wasl works closely with city planners to optimize infrastructure, transport, and community services around its residential projects. This coordination ensures residents benefit from a fully integrated urban environment.
Sheikh Maktoum emphasized that Dubai continues to pursue its goal of becoming a global model for urban planning and city development. The emirate seeks to combine modern housing, lifestyle amenities, and investment-friendly policies.
Analysts noted that Wasl’s growing affordable homes portfolio strengthens investor confidence in Dubai’s real estate sector. It also supports the city’s broader objectives of sustainable population growth and urban resilience.
Looking ahead, Wasl will continue to expand housing supply while aligning with strategic master plans. The company aims to provide innovative, accessible, and high-quality homes that meet both current and future urban demands.
