Wasl Group to double its affordable housing portfolio over next 5 years

Wasl Group to double its affordable housing portfolio over next 5 years

Wasl Group to double its affordable housing portfolio over next 5 years
2nd March 2026
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Dubai’s rapid population expansion is reshaping the city’s housing priorities. In August 2025, the emirate surpassed the milestone of 4 million residents, with approximately 567 people relocating to Dubai each day. As the city continues to rise in global rankings for livability, economic opportunity, and business competitiveness, ensuring access to housing for all income groups has become a key focus for policymakers and developers alike.

For Wasl Group, affordable housing has long been central to its mission rather than a recent initiative. The government-backed developer has positioned accessible housing as a core component of its long-term strategy to support inclusive urban growth and sustainable community development.

Currently, Wasl manages one of Dubai’s largest affordable residential portfolios, consisting of nearly 45,000 housing units that accommodate around 180,000 residents. Notably, more than 90% of occupants are families, highlighting the company’s role in fostering stable, community-oriented living environments throughout the emirate.

Designing Communities for Inclusive Living

Wasl’s development philosophy focuses on enhancing quality of life through thoughtfully planned communities that integrate connectivity, green spaces, and essential infrastructure. The organisation emphasizes that high-quality living standards should not be limited to premium housing segments but made accessible across a wide range of income levels.

This vision is evident in large-scale master-planned communities such as Wasl Village in Al Qusais, which features approximately 6,200 residential units, including studios and one- to three-bedroom apartments. Another example is Wasl Green Park, offering about 2,527 homes set within landscaped environments designed to encourage community interaction and well-being. Together, these projects demonstrate how affordability and modern urban living can successfully coexist.

Strategic Government Collaboration

Wasl’s affordable housing ambitions gained further momentum in May when the company signed a Memorandum of Understanding with Dubai’s Roads and Transport Authority (RTA) and Dubai Municipality. The agreement aims to significantly expand affordable leasehold housing options across the city through coordinated public-sector collaboration.

The planned developments will cover approximately 1.46 million square metres, with construction scheduled in multiple phases to ensure proper infrastructure development and sustainable long-term growth.

Supporting Dubai’s Long-Term Vision

The initiative aligns closely with the Dubai 2040 Urban Master Plan, which promotes a balanced housing ecosystem that includes luxury, mid-income, and affordable residential options while transforming neighborhoods into inclusive and vibrant communities.

Additionally, the programme contributes to the objectives of the Dubai Economic Agenda D33, which seeks to strengthen workforce stability and economic productivity by expanding housing availability and addressing demand driven by population growth.

Looking ahead, Wasl plans to double its affordable leasehold residential portfolio within the next five years. Through continued collaboration with public-sector partners and a strong commitment to inclusive development, the company aims to play a pivotal role in shaping Dubai’s sustainable urban future.