Wasl (company)

Wasl (Arabic: وصل, meaning “connection”) is a semi-government real estate management and development company based in Dubai, United Arab Emirates. It is one of the largest property development and management organizations in Dubai.

 History 
Wasl was established on May 25, 2008 by the Dubai Real Estate Corporation (DREC). The company was created after the merger of two public sector bodies: the Dubai Development Board and the Dubai Real Estate Department.

Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum was appointed chairman of Wasl. Hesham Abdulla Al Qassim became the vice chairman and chief executive officer.

In 2017, Wasl entered a partnership with the Dubai Integrated Economic Zones Authority to develop Dubai CommerCity, a specialized e-commerce free zone project.

 Activities 
Wasl develops and manages residential, commercial, and mixed-use properties across Dubai. The company is responsible for large housing communities, office buildings, hotels, and retail centers.

Through its subsidiaries, Wasl manages many well-known projects and properties in Dubai, including Wasl Properties, Wasl Hospitality & Leisure, and Dubai Golf.

 Subsidiaries 
One of the main divisions of Wasl is Wasl Properties. It manages tens of thousands of apartments and commercial units in different parts of Dubai, such as Deira, Bur Dubai, Jumeirah, and Al Barsha.

Wasl is also involved in hospitality and leisure projects, including hotels, golf courses, and tourism developments.

 References 

Category:Companies of the United Arab Emirates
Category:Dubai