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  • Founder: Government of Dubai
  • Head Office: UAE, Dubai
  • Year of Establishment: 2008
  • Flagship Projects: Wasl 1، Wasl Gate، Wasl Village

Wasl

Introduction to Wasl Properties

Wasl Properties is a key government-backed entity in Dubai’s real estate market, primarily responsible for the management, development, and operation of Dubai government-owned properties. Unlike sales-driven developers, Wasl is recognized as an asset manager and urban developer, focusing on creating and maintaining sustainable urban communities.

History and Company Structure

Founded in 2008 by the Government of Dubai, Wasl Properties was established to consolidate, integrate, and professionally manage government-owned real estate assets while also developing planned urban projects. Since its inception, Wasl has become a main arm of the Dubai government in real estate and urban management.

Development and Management Approach

Wasl emphasizes sustainable development, long-term asset management, and high-quality urban services. The company actively engages in property operation, leasing, and management of both residential and commercial assets. Its focus is on urban efficiency, livability, and market stability, rather than short-term property sales.

Key and Recent Wasl Projects:

  • Wasl 1 – Large-scale mixed-use urban development near Zabeel Park

  • Wasl Gate – Comprehensive residential–commercial project near Expo City Dubai

  • Wasl Green Park – Family-friendly residential community with extensive green spaces

  • Sheikh Zayed Road Assets – Management and development of key assets along the city’s main corridor

  • Central Dubai Residential Projects – Residential projects in central Dubai areas

Wasl’s Position in Dubai’s Real Estate Market

Wasl Properties is ideal for buyers and investors seeking government-backed, sustainable, and low-risk projects. The company operates as a long-term, regulatory, and management-focused entity, making it suitable for stable residency, rental investment, and secure long-term investment rather than short-term trading.

FAQs

Can foreigners buy property in Dubai ?

Yes. Foreigners can own 100% of a property in designated areas of Dubai, known as Freehold Areas. This ownership is permanent, and they have the legal right to buy, sell, rent, and transfer the property title.

What is the process of buying property in Dubai ?

The process of buying property in Dubai is transparent and structured. First, a suitable property (ready or under construction) is selected. After agreeing with the seller or developer, the unit is reserved, and a down payment is made.

Next, a formal Sale and Purchase Agreement (SPA) is signed, and the property is registered with the Dubai Land Department (DLD). Finally, after completing the payments, the official property title is transferred to the buyer’s name.

Is it possible to buy property in Dubai on installments ?

Yes. Many projects in Dubai, especially off-plan projects, are offered with installment payment plans and long-term payment terms. These terms vary depending on the developer, project, and delivery time, and may include payments during construction or even after delivery.

What is the minimum property investment required to obtain Dubai residency ?

To obtain a two-year UAE residency visa through property purchase, the minimum property value must be AED 750,000. The property can be either ready or off-plan and must be registered in the applicant’s name.

What is the UAE Golden Residency Visa, and what are its benefits ?

The UAE Golden Residency Visa is a long-term visa valid for 5 or 10 years, with the possibility of renewal. Its key benefits include stable residency, the ability to sponsor family members, no requirement for a local sponsor, and greater freedom in travel as well as long-term life and investment planning.

How much investment is required to obtain the UAE Golden Residency Visa ?

To obtain the Golden Residency Visa through property purchase, the applicant must buy one or more properties with a total value of at least AED 2,000,000. These properties can be either ready or off-plan and must be registered in the applicant’s name.

Can a residency visa be obtained for family members through property purchase in Dubai ?

Yes. By purchasing property and obtaining Dubai residency, it is possible to get residency visas for your spouse and children. Under certain conditions, it is also possible to apply for residency for parents.

What is the property rental tax rate in Dubai ?

In Dubai, there is no tax on rental income and no personal income tax. For this reason, investing in Dubai’s property rental market is attractive to many international investors.

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