Wasl Properties

Wasl is the property business of wasl Asset Management Group, which is owned by the Dubai Real Estate Corporation — a government entity. That ownership is the most important fact about it. A state-backed developer carries a different kind of counterparty risk from a privately funded one, which is a genuine consideration on a long off-plan timeline.

Wasl also holds and operates a large standing portfolio across Dubai rather than only building and selling, including leasehold communities and hospitality assets. A developer that remains the long-term owner of much of what it builds has a structural reason to care about how a community ages.