Wasl Asset Management Group
Wasl Asset Management Group is a semi-government entity and subsidiary of Dubai Real Estate Corporation (DREC).[1][2] Headquartered in Dubai, UAE, the company oversees the development and management of assets of Dubai Real Estate Corporation.[3][4] The company was established in 2008 following the merger of Dubai Development Board and Real Estate Department.[5] Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai,[6] is the present chairman and Hesham Abdulla Al Qassim is the CEO of the company.[7][1]
Hotels[edit]
Wasl manages some of the largest hotels chains in Dubai including Hampton by Hilton Dubai Airport,[8] and Grand Hyatt Dubai.[1][3][2] A new Andaz brand from Hyatt hotels is also under construction at Palm Jumeirah by Wasl.[9][10]
Wasl Properties[edit]
Wasl Properties is the property management division of the organization. It has more than 47,000 residential and retail units under lease, and an industrial zones management arm that holds 5,500 plots of land.[8][11]
References[edit]
- ↑ 1.0 1.1 1.2 Reporter, A. Staff. "DREC launches 'Asset Management Group'". Khaleej Times.
- ↑ 2.0 2.1 "wasl to redevelop key properties". gulfnews.com.
- ↑ 3.0 3.1 "Wasl seeks advice on sustainable development". gulfnews.com.
- ↑ "Hyatt sign deal with Wasl Asset Management Group for Andaz Dubai The Palm hotel". ArabianIndustry.com.
- ↑ "Dubai departments merge to form Wasl - eb247 - Companies And Markets - Media - Emirates24|7".
- ↑ "Shaikh Maktoum laid the foundation stone for Dubai Commercity". gulfnews.com.
- ↑ Davids, Gavin (September 24, 2018). "wasl gate officially released into Dubai's freehold property market".
- ↑ 8.0 8.1 "Wasl plans to open 14 hotels in Dubai by 2020". The National. Retrieved 2020-05-01.
- ↑ Rousseau, Oscar. "Wasl's Hyatt Centric Dubai hotel on The Palm 69% complete". Construction Week Online Middle East. Retrieved 2020-05-12. Unknown parameter
|url-status=ignored (help) - ↑ "Hyatt to open Palm Jumeirah property this year". ArabianBusiness.com. Retrieved 2020-05-12.
- ↑ "Wasl Asset Management announces relief measures for customers". Dubai 92. Retrieved 2020-05-01.
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