Wasl
Luxury Real Estate Developers in Dubai
Year of establishment
2008
Developed Projects
15+
Price starts at AED 500,000
Is Wasl a reliable developer?
Reviewed 1 Nov 2026
Wasl is the asset management group set up in 2008 by the Dubai Real Estate Corporation, a public corporation created by Dubai law to own and manage government-registered property; wasl properties is its property arm. Profound's registry sample is small: of the 6 Wasl projects with DLD records in our dataset (registry data fetched September and October 2026), 2 are registered as finished and 4 are active, averaging 5.1% complete, none past its registered date. The caveat is that six records say little and the active projects had barely started. Check Dubai REST progress, the escrow account and the SPA delay clause.
Track record
- 2
- Projects registered as finished
- of 6 Wasl projects with DLD registry records in Profound's dataset (Oct 2026; registry fetched 5 Sep and 23 Oct 2026); small sample
- DLD registry records in Profound's project dataset, Oct 2026
- 4
- Active projects (under construction)
- of 6 with DLD registry records in Profound's dataset (Oct 2026); small sample
- DLD registry records in Profound's project dataset, Oct 2026
- 0
- Active projects past their registered completion date
- of 4 active, counted where the registered date was before the registry data was fetched (5 Sep 2026); Profound's dataset
- DLD registry records in Profound's project dataset, Oct 2026
- 6
- Projects with an escrow bank on the registry record
- of 6 with DLD registry records in Profound's dataset (Oct 2026)
- DLD registry records in Profound's project dataset, Oct 2026
- 24
- Projects listed on Profound
- live project pages, Profound's data (Nov 2026)
- Profound's live listings, Nov 2026
- 25 May 2008, from the merger of the Dubai Development Board and the Real Estate Department
- Founded
- Wasl website (About us), Nov 2026
- Established by the Dubai Real Estate Corporation (DREC) to manage its assets; subsidiaries are wasl properties, wasl hospitality and Dubai Golf
- Parent
- Dubai Golf (wasl asset management group page), Nov 2026
- Public corporation set up by Law No. 14 of 2007, affiliated with Dubai's Executive Council, to own and manage property registered in the Government's name
- DREC's legal status
- Dubai Legislation Portal, 2007 (law in force Nov 2026)
Watch out for
- Only 6 Wasl projects have DLD registry records in Profound's dataset (Oct 2026), too few to judge delivery timing.
- The 4 active registry projects averaged 5.1% complete in September 2026, so handovers are years away and dates can move.
- A government-linked owner does not remove project risk; confirm the escrow account in the SPA and track progress on Dubai REST.
Common questions
Is Wasl government owned?
It is government-linked. Wasl was established in 2008 by the Dubai Real Estate Corporation to manage DREC's assets (wasl group's Dubai Golf site). DREC is a public corporation created by Dubai Law No. 14 of 2007, affiliated with the emirate's Executive Council and set up to own and manage property registered in the Government's name. That link does not guarantee any project's dates; check Dubai REST and escrow.
Is Wasl a good developer?
There is no official grading. Wasl is a long-standing manager of Dubai government-linked property, founded in 2008, but its off-plan sales record is harder to measure: only 6 of its projects have registry records in Profound's dataset (October 2026), 2 finished and 4 active at an early stage, none overdue. Check the specific project's progress on Dubai REST and the SPA terms.
Which developers have the strongest track record?
No official ranking exists. Compare finished projects, progress against registered completion dates, escrow and disclosure. Wasl has a government-linked owner, but only 6 of its projects have DLD registry records in Profound's dataset (October 2026), too few for a timing comparison. Check any project on Dubai REST before paying.
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