Wasl (company): Difference between revisions
←Created page with '{{Infobox company | name = Wasl | type = Semi-government company | industry = Real estate management and development | founded = {{Start date and age|2008|5|25}} | founder = Dubai Real Estate Corporation | hq_location = Dubai | hq_location_country = UAE | key_people = | subsid = Wasl Properties, Wasl Hospitality & Leisure, Dubai Golf | website = {{URL|https://www.wasl.ae/en}} }} '''Wasl''' (Arabic: وصل ,lit. 'connection') is a semi-government real es...' Tags: Visual edit Disambiguation links added |
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Revision as of 08:22, 30 August 2024
| Company type | Semi-government company |
|---|---|
| Industry | Real estate management and development |
| Founded | May 25, 2008 |
| Founder | Dubai Real Estate Corporation |
| Headquarters | Dubai, UAE |
| Subsidiaries | Wasl Properties, Wasl Hospitality & Leisure, Dubai Golf |
| Website | www |
Wasl (Arabic: وصل ,lit. 'connection') is a semi-government real estate management and development company based in Dubai, United Arab Emirates.[1] It is one of the largest real-estate development and management companies in Dubai.[2][3]
History
Wasl is a semi-government entity established on May 25, 2008 by the Dubai Real Estate Corporation (DREC) to oversee the development and management of its assets.[4] It was created following the merger of two public sector organisations: Dubai Development Board and Real Estate Department.[5]
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance was named chairman of Wasl. Hesham Abdulla Al Qassim was appointed Vice Chairman and Chief Executive Officer.[6][7][8] In 2017 Wasl entered into a joint venture with the Dubai Integrated Economic Zones Authority to develop Dubai CommerCity.[9]
In 2021, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced Food Tech Valley,[10] a UAE-government-led global food security initiative. Wasl is developing the project in partnership with the UAE’s Ministry of Climate Change and Environment.[11]
Subsidiaries
Wasl Properties
Wasl Asset Management Group established Wasl Properties in 2008. At the time of inception, Wasl Properties had 25,000 residential and commercial properties within older areas of Dubai city, including Deira, Bur Dubai, Al Karama, Muhaisnah, Al Barsha, Jumeirah, Al Wasl, Jebel Ali, Al Quoz and Ras Al Khor.[12][13]
References
- ^ "Wasl Asset Management Group's H.E. Hesham Al Qassim On Dubai's Real Estate Market". Entrepreneur. 2017-09-26. Retrieved 2024-08-30.
- ^ "wasl breaks a Guinness World Records title in celebration of the 'Year of Zayed'". PCMag Middle East. 2018-03-19. Retrieved 2024-08-30.
- ^ "Top 50 Real Estate Developers in MENA 2021. wasl Asset Management Group". forbesmiddleeast.com. Retrieved 2024-08-30.
- ^ "Wasl Asset Management - Construction Week Online". 2022-09-13. Retrieved 2024-08-30.
- ^ "Firm begins reshaping Dubai's landscape". gulfnews.com. 2008-05-25. Retrieved 2024-08-30.
- ^ "Real-Estate-Icons-32-Hesham Abdulla Al Qassim - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com. Retrieved 2024-08-30.
- ^ King, Neil (2018-11-24). "Eye on the future: UAE's wasl Asset Management CEO Hesham Abdulla Al Qassim". Retrieved 2024-08-30.
- ^ "Hesham Abdulla Qassim Al-Qassim". wsj.com. Retrieved 2024-08-30.
- ^ Abbas, Waheed. "Dubai CommerCity sees strong demand for office space". Khaleej Times. Retrieved 2024-08-30.
- ^ "Food Tech Valley to triple Dubai food production - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com. 2023-05-03. Retrieved 2024-08-30.
- ^ "National Food Security Strategy 2051 | The Official Portal of the UAE Government". u.ae. Retrieved 2024-08-30.
- ^ Properties, Tanami. "Wasl Asset Management Group". www.tanamiproperties.com. Retrieved 2024-08-30.
- ^ "Wasl properties". www.thedubailands.com. Retrieved 2024-08-30.
External links
