MBRHE and Wasl Partner to Boost Dubai's Housing Sector

In a significant step towards fostering sustainable development in the housing sector, the Mohammed Bin Rashid Housing Establishment (MBRHE) and Wasl Group have formalized a partnership through the signing of a Memorandum of Understanding (MoU). This collaboration is designed to advance housing projects that improve the quality of life and well-being of communities, in line with the objectives of the Dubai Urban Plan 2040.

Key Figures at the Signing Ceremony

The MoU was officially signed at Wasl Group’s headquarters located on Sheikh Zayed Road. The event was attended by prominent figures, including H.E. Hesham Abdullah Al Qassim, CEO of Wasl Group, and H.E. Omar Hamad Bu Shehab, CEO of Mohammed Bin Rashid Housing Establishment, marking the beginning of this strategic partnership.

Focus on Sustainable Housing Projects

The primary goal of this MoU is to explore the development of sustainable housing initiatives on land provided by MBRHE. The projects will focus on innovative solutions that cater to the needs of citizens while enhancing the overall welfare of the community. The agreement also emphasizes collaboration between MBRHE and Wasl Group’s subsidiaries, ensuring the effective use of available resources and capabilities.

Future Investment Opportunities

As part of the agreement, Wasl Group will have priority access to upcoming investment opportunities related to housing projects. This reflects the shared commitment of both parties to create forward-thinking and sustainable housing solutions that align with the goals set out in the Dubai Urban Plan 2040.

Knowledge Sharing and Technological Advancements

A key element of the MoU is the promotion of knowledge exchange between MBRHE and Wasl Group. This partnership will focus on developing housing policies and integrating innovative technologies to improve the quality of housing services. Wasl Group will also be invited to participate in specialized events and exhibitions organized by MBRHE, fostering further collaboration and learning.

On this occasion, H.E. Hesham Abdullah Al Qassim, CEO of Wasl Group, expressed his pride in collaborating with MBRHE, stating: “This agreement represents a strategic step in the collaboration journey between the two institutions. Through it, we aim to deliver innovative projects that serve citizens and support Dubai’s future aspirations.”

From his side, H.E. Omar Hamad Bu Shehab, CEO of MBRHE, highlighted the significance of this partnership, noting: “The signing of this agreement reflects the Establishment's commitment to enhancing strategic partnerships that support Dubai's vision for sustainable urban development. We strive to improve citizens' quality of life through innovative housing projects that achieve sustainability and foster innovation.”

Joint Task Forces for Effective Execution

To ensure the successful implementation of the projects, both parties will form joint task forces. These teams will work together to develop detailed execution plans, ensuring that the strategic objectives are met efficiently. Continuous coordination between MBRHE and Wasl Group will be essential in driving the development of sustainable housing solutions.