Photo of the community −6% Park Views Residences B Al Kifaf · 2 BR · Apartment 2 450 000 AED 2 600 000
Ask about lot NP4-444326
Wasl
A Dubai government entity that both develops and manages one of the largest rental portfolios in the city. It builds where it already owns the land, which in its case means inside the established city rather than out on the edge.
7 lots in stock across 4 projects. Of the 7 with a known status: 1 ready, 6 under construction. By median price — 44th of 139.
- Central city locations
- Rental
- Completed buildings
- Offices and retail
Median price $899K AED 3 300 000
Entry price $182K AED 670 000 — the cheapest lot
Per square foot $577 AED 2 118 / sq.ft, median
Completed stock 14% 3 lots discounted, deepest −6%
Where they build
The districts where this developer has the most lots in our stock.
Al Wasl 2 Zabeel 2 JVC 1 Jebel Ali 1 Deira / Bur Dubai 1
The company in brief
Checkable facts about the developer itself. Unlike the figures above, these are not about our stock and do not move with what happens to be listed today.
- Ownership
- a Dubai government entity
- Role
- development plus management of its own rental portfolio
- Flagship
- Wasl Tower in Downtown, 64 floors and 303 metres
- Hotel inside
- Mandarin Oriental Downtown, opened November 2025
- Composition
- 259 hotel rooms and suites plus 224 private residences
- Architecture
- UNStudio, with the largest ceramic facade in the region
What kind of developer this is
A landlord that also develops
Because it already owns the land, this developer does not compete at auction for plots, and its sites sit inside the established city rather than on the desert edge. Much of the residential and commercial stock in the older central districts is managed by it.
That makes it simultaneously a developer and one of the biggest landlords in Dubai. Its role in the market is unusual: it shapes rental supply in the districts where the working city actually lives.
What it has built
Its most visible project is a twisting Downtown tower with a hotel in its lower floors and private residences above, designed by a European architecture practice, with a ceramic facade that does real work on shading and passive cooling rather than only looking distinctive.
Elsewhere the projects are infill: a tower or a block inside an existing quarter. Such a building does not create an environment, it joins one, so the district is what you are actually buying.
What to check before you sign
First separate a new project from inherited stock. These are two different decisions with different risks: schedule and escrow in the first case, mechanical condition and service charge history in the second.
Then look at how much of the surrounding stock sits with a single institutional owner. That cuts both ways for a buy-to-let case: it keeps the district maintained, and it means one owner has real influence over local rents.
Projects by Wasl
All projects →Wasl listings in stock
All stock → Photo of the community −6% Photo of the community −6% Park Views Residences B Al Kifaf · 3 BR · Apartment 3 470 000 AED 3 700 000
Ask about lot NP4-398589
Photo of the community −5% 
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Photo of the community Photo of the community What these numbers mean, and what they do not
The developer is inferred from the project name — there is no developer column in the base. So the figures describe our stock, not the company's share of the Dubai market: a developer sitting on an enormous volume of completed housing can look smaller here than one whose projects reach the resale market more often.
These are asking prices, not closed transactions. For a specific building I pull the registered Land Department sales and show where deals actually closed.
Video
Wasl on video
Project breakdowns from the English channel. Every clip has a written version on a page of its own.
37:55 Video
A casino in Dubai? The Island by Wasl, with Bellagio, MGM and Aria
MGM has confirmed that the island carrying the MGM Grand, Bellagio and Aria brands is officially under construction — 1 400 luxury rooms on ten hectares, with villas and an 800-seat theatre. What it would mean for property.
WatchIn the news
Al Wasl in Al Jaddaf and Shabab Al Ahli stadiums: where the projects stand in September 2026
Dubai's Crown Prince approved designs for two 20 000-seat stadiums back in March 2024 — homes for Al Wasl in Al Jaddaf and Shabab Al Ahli in Al Ruwayyah 3. We check the status two and a half years on, and what an anchor of this scale would mean for the district by the Creek.
Jumeirah Golf Estates The Next Chapter: Wasl adds 4.68m sq m and 12 345 homes
Wasl is extending Jumeirah Golf Estates by 4.68m sq m: 12 345 homes, of which 780 villas, 62 hilltop mansions and 10 654 apartments, a 131 850 sq m central park and a Mandarin Oriental resort. The first villa clusters sold out in under 48 hours. What it means for buyers in the original community.
Al Wasl: mainland Dubai is not uniformly open to foreign buyers
A central district of older low-rise housing. Before price, the question here is whether a foreign buyer may own the specific plot at all.
Al Wasl leasehold: buying a right of use instead of ownership, and what you are actually paying for
In mainland districts part of what is on offer is not freehold but a long-term right of use. It is a different instrument, and confusing the two is expensive.
Wasl: the landlord that develops, and what a rental portfolio implies
A state company that owns and lets a very large share of Dubai’s rental stock. Why a developer that keeps its buildings behaves differently, and what that means for the units it does sell.
Other developers
All developers → Questions
Wasl: questions and answers
How much does a Wasl apartment cost?
The median across this developer's lots in our stock is $899K (AED 3 300 000), with entry from $182K. The median per square foot is $577. The figures come from asking prices in our base, not from the Wasl price list, and they are recalculated nightly to reflect what is actually for sale today.
Are there discounts on Wasl property?
Right now the base holds 3 lots from this developer priced below the market, with the deepest cut at 6%. It is the seller on the secondary market or on an assignment who cuts the price, not the developer — each has a reason to hurry. The discount is calculated by an algorithm relative to comparable property, with no manual broker estimate.
What projects is Wasl building?
The site catalogue covers 8 projects by Wasl, each with a building passport — storeys, units, handover date and bedroom mix. They are listed above, and the “Where they build” block shows the districts with the most of its lots. Any lots on sale appear directly beneath their project.
Should I buy from Wasl direct or through a broker?
The price is the same: on off-plan the developer pays the broker’s commission, not the buyer, so going straight to the sales office saves nothing. The difference is elsewhere — a developer’s sales office shows its own projects only, and will not tell you that the same thing next door is cheaper or that this project is running later than advertised. On resale and assignment the commission is the standard 2% plus VAT.
Is Wasl worth buying
It depends what you are buying and why. Send me your budget and the job it has to do — I will tell you which of this developer's projects make sense right now and which I would walk past.
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