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Dubai's government developer — freehold + leasehold across dozens of districts.

Wasl Development

Q: What is the difference between Wasl and Dubai Properties?

Wasl manages a vast rental portfolio (50,000+ units) and also develops new freehold. Dubai Properties is primarily freehold only. Both sit under the Government of Dubai.

Q: Is Wasl a reliable developer?

Yes — fully backed by the Government of Dubai. Non-delivery risk is effectively nil. The new projects are run on schedule.

Q: What is Wasl Gate?

A new freehold development by Wasl near Energy Metro. A blend of residential, retail and leisure. A rare location with direct access to the metro and SZR. Expected yields of 6-7.5%.

Q: What does the 'wasl living' platform mean?

Wasl's direct rental platform — you can lease your apartment through Wasl and receive professional property management. A service other developers do not offer.

Wasl is a real-estate holding company owned by the Government of Dubai (Dubai Real Estate Corporation). It differs from other developers — managing a vast rental portfolio (50,000+ units) while also building new freehold. Its projects include Wasl Gate (Energy Metro), Wasl 1 (Sheikh Zayed Road), Al Kifaf (Zabeel Park), and more. It is regarded as one of the largest asset managers in Dubai.

Founded 2008 Founder Government of Dubai HQ Dubai, United Arab Emirates ~800 employees RERA registered

50,000+

Portfolio

Government-owned

Status

Freehold + Leasehold

Focus

THE TRACK RECORD

Wasl Development's record.

The developer with the most diversified portfolio in Dubai. Unlike Emaar/DAMAC, which sell new units, Wasl also leases directly (through its own platform: wasl living). Its new projects are well branded and anchored in premium locations.

Delivery record

Wasl operates on two fronts — managing an established leasehold portfolio (50,000 units) and developing new freehold projects. Non-delivery risk is effectively nil thanks to its government backing.

Years active

Over 17 years (since 2008). 50,000+ units under management + new freehold projects

Financial strength

Fully backed by the Government of Dubai. Recurring income from the portfolio (50,000+ leased homes) provides stable cash flow that funds new developments. Financial risk is very low.

Founded2008

FounderGovernment of Dubai

HQDubai, United Arab Emirates

TypeGovernment-owned · Dubai Real Estate Corporation

Active projects15

Entry pricefrom 550K AED

SIGNATURE COMMUNITIES

Wasl Development flagship destinations.

Freehold community near Energy Metro

Wasl Gate

A new development adjacent to Energy Metro Station on Sheikh Zayed Road. A blend of residential, retail and leisure. Metro proximity means consistent demand.

Apartment towers on SZR

Wasl 1

A luxury apartment complex directly on Sheikh Zayed Road, close to DIFC. Wrapped around Wasl Park.

Urban development near Downtown

Al Kifaf

A new development next to Zabeel Park and BurJuman Mall. A major metro interchange (Red + Green).

Retail complex

Wasl Vita Mall

A retail complex at the heart of the Wasl 1 and Al Kifaf developments.

WHAT SETS THEM APART

What makes Wasl Development special.

Property types Apartments in towersTownhousesVillasCommercial-retailHospitality

Price segment Mid-market

Signature style

Wasl is a multi-purpose developer — not tied to a single design pattern. Its hallmark: practical developments around metro interchanges (Energy Metro at Wasl Gate, BurJuman at Al Kifaf). There is an emphasis on appealing to expatriates working in Dubai.

Payment plans

Standard payment plans linked to construction. For new projects, 60/40 or 70/30 options are available.

THE HONEST VIEW

Strengths & considerations.

Where Wasl Development shines

Government of Dubai backing — effectively zero delivery risk
Strategic locations — typically close to the metro and major arteries
A rental platform (wasl living) that offers a fit for buy-to-let
Yields of 6-7.5% in the new communities (Wasl Gate, Al Kifaf)

Worth considering

Less brand recognition than Emaar / DAMAC — lower appeal for vacation rentals
Mid-market segment — neither luxury nor budget
Slower growth pipeline compared with private developers

15 ACTIVE PROJECTS

All projects by Wasl Development.

Live from the catalog — sorted cheapest first. Click any card for the full property page.

OFF-PLAN

Al Furjan · Dubai

GOOD TO KNOW

Common questions about Wasl Development.

What is the difference between Wasl and Dubai Properties?+

Wasl manages a vast rental portfolio (50,000+ units) and also develops new freehold. Dubai Properties is primarily freehold only. Both sit under the Government of Dubai.

Is Wasl a reliable developer?+

Yes — fully backed by the Government of Dubai. Non-delivery risk is effectively nil. The new projects are run on schedule.

What is Wasl Gate?+

A new freehold development by Wasl near Energy Metro. A blend of residential, retail and leisure. A rare location with direct access to the metro and SZR. Expected yields of 6-7.5%.

What does the 'wasl living' platform mean?+

Wasl's direct rental platform — you can lease your apartment through Wasl and receive professional property management. A service other developers do not offer.

Similar developers.

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Wasl Development