About Wasl Asset Management Group
The Dubai Real Estate Corporation (DREC) was established in June 2007 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, with the purpose of managing and utilizing Dubai's government-owned properties.
The Dubai Real Estate Corporation (DREC) plays a key role in the development and sustainability of Dubai's urban growth. Its land portfolio includes strategic areas like Al Quoz, Ras Al Khor, Al Qusais, Jebel Ali, Muhaisnah, Umm Ramool, Al Warsan, and Sheikh Zayed Road.
Dubai Real Estate Corporation (DREC) was established in June 2007 by his Highness Sheikh Mohammed Bin Rashid Al Maktoum.
Contains information for service related to changing the trade name for DREC customers.
Landmark Projects
Frequently Asked Questions
What types of properties does Wasl Asset Management Group offer?+
Wasl offers a diverse range of property types including residential apartments, villas, retail and commercial spaces, and hospitality assets. Their portfolio spans affordable to mid-market and premium segments across Dubai. This variety makes them suitable for both end-users and investors with different budget levels.
Which areas of Dubai does Wasl Asset Management Group develop in?+
Wasl develops and manages properties across several key Dubai districts including Al Quoz, Ras Al Khor, Al Qusais, Jebel Ali, Muhaisnah, and Sheikh Zayed Road corridor. These locations are strategically chosen for connectivity and long-term urban growth potential. Their land bank also extends to emerging areas such as Al Warsan and Umm Ramool.
Why is investing in a Wasl property considered a strong investment?+
Wasl is a government-backed developer under DREC, providing investors with the assurance of institutional oversight and long-term asset management. Their properties are located in well-connected, high-demand areas of Dubai, supporting strong capital appreciation and rental yields. The developer's alignment with Dubai's urban masterplan further reinforces long-term value.
What is the process for purchasing or leasing a Wasl property?+
Prospective buyers and tenants can explore available units through Wasl's official channels and the DREC platform. The process includes unit selection, signing of sale or lease agreements, and registration through the Dubai Land Department. Wasl also facilitates sub-lease agreements and trade name changes for existing DREC customers through dedicated service channels.
What are some of Wasl's most notable real estate projects?+
Among Wasl's flagship developments is Wasl1, a vibrant mixed-use community in Al Kifaf featuring retail, dining, and residential components. Wasl Tower, a striking skyscraper on Sheikh Zayed Road, stands as one of Dubai's iconic landmarks. The group has also developed Wasl Gate, a large-scale integrated community near Jebel Ali offering apartments, retail, and green spaces.