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

As Dubai’s population grows, Wasl doubles down on affordable housing

Dubai’s population crossed 4 million in August 2025, with around 567 new residents arriving daily, intensifying demand for accessible housing across income levels. As the emirate strengthens its global position for livability and business, ensuring inclusive growth has become a key priority.

In response, Wasl Group plans to double its affordable leasehold residential portfolio over the next five years. The group currently manages about 45,000 units, housing nearly 180,000 residents, the majority of whom are families. Communities such as Wasl Village in Al Qusais and Wasl Green Park highlight its focus on connectivity, greenery, and quality living at accessible price points.

The expansion follows a Memorandum of Understanding with the Roads and Transport Authority and Dubai Municipality, covering a planned 1.46 million square metres, with phased delivery to ensure infrastructure readiness.

Aligned with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33, the initiative supports workforce stability and balanced housing supply. Over the coming years, the programme is expected to reinforce Dubai’s strategy of sustainable, demand-driven real estate growth.

Source: Gulf News