Wasl Asset Management Group

Property Development

Updated 18th Mar 2023

Wasl Asset Management Group is a construction-related company operating in Dubai.

Key information

Services offered

Property Development

Year founded

2008

Website

https://www.wasl.ae/

Between 1 August, 2016, and 31 July, 2017 wasl Asset Management Group completed six projects: wasl District, wasl Quartz, and wasl Topaz in Umm Hureir neighbourhood, Umm Suqeim Villas, Jumeirah Plots A, B, and C Development, and Le Méridien Mina Seyahi Car Park projects. Together these projects have a total built-up area of 34.4 hectares

The wasl Asset Management Group owns and manages over 35,000 residential units (villas, townhouses and apartments), as well as commercial property and community malls that it has developed (400 retail units). The group also owns 5,500 industrial plots across 27 zones in Dubai, and 5,500 hotel rooms.

The Group has 15 hospitality projects in the pipeline which, when completed, will amount to a total of 10,000 new rooms across 29 hotels that wasl will manage.

wasl Asset Management Group is a semi-governmental entity that operates as an investment arm of the Dubai government.

Between August 2017 and July 2018, the Group expects to complete 14 projects across Dubai, including Hampton by Hilton in Al Qusais, wasl district in Deira, a staff accommodation development in Muhaisnah, four hotel staff accommodation developments in Al Quoz, three projects in Karama, and two car holding facilities for Dubai Police. These developments have a total built up area of 37.5 hectares.

Four projects, worth $10.9bn (AED40bn), which the company launched in 2015, are due to be completed over the next 10 years.