By Staff Reporter
Maktoum bin Mohammed Approves Dubai Real Estate Corporation’s 2025 Budget
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai and Chairman of Dubai Real Estate Corporation, chaired a key meeting today where the corporation’s Board of Directors approved its 2025 budget.
The meeting also reviewed the financial performance of the corporation and its subsidiary, Wasl Group, for the period from January to October 2024, revealing a remarkable 28% increase in revenues compared to the same period last year.
Sheikh Maktoum emphasized that the real estate sector continues to be a cornerstone of Dubai’s economy, reinforcing the emirate’s rapid progress toward achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, for sustainable development. The sector’s growth aligns with the Dubai Economic Agenda D33, which aims to position Dubai as one of the top three global urban economies.
Highlighting Dubai’s resilience and adaptability, Sheikh Maktoum pointed out the city’s success in attracting high-quality investments and talent, further solidifying its status as a global commercial hub. He noted the positive impact of the real estate sector on various industries, including infrastructure, tourism, and hospitality, while reinforcing Dubai’s ambition to be a model of urban development.
The meeting also focused on Wasl Group’s digital transformation strategy and the future of its real estate and hospitality projects, which contribute to Dubai’s broader goals for economic growth. With a portfolio of over 55,000 residential and commercial units, 35 hotels, and numerous leisure facilities, Wasl Group is a key player in Dubai’s ongoing transformation, supporting the objectives of the Dubai Economic Agenda D33.
News Source: Emirates News Agency
