Mohammed Bin Rashid Housing Establishment (MBRHE) has signed a Memorandum of Understanding (MoU) with Wasl Group to develop innovative housing projects in Dubai, aimed at elevating the quality of life and community well-being.
The MoU seeks to explore opportunities for implementing sustainable housing projects on land provided by MBRHE, focusing on innovative initiatives that meet citizens’ needs. This highlights both parties’ commitment to supporting sustainable development in the housing sector and driving the goals of Dubai Urban Plan 2040
The signing ceremony, held at Wasl’s headquarters on Sheikh Zayed Road, was attended by H.E. Hesham Abdullah Al Qassim, CEO of Wasl Group, and H.E. Omar Hamad Bu Shehab, CEO of Mohammed Bin Rashid Housing Establishment.
The agreement also aims to enhance collaboration between the two parties through Wasl Group’s subsidiaries, ensuring optimal utilization of resources and capabilities. The collaboration grants Wasl Group priority access to future investment opportunities related to housing projects.
H.E. Omar Hamad Bu Shehab CEO – MBRHE
“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.”
In addition, it prioritizes knowledge and expertise exchange between the two entities, supporting the development of housing policies and adopting innovative technologies to elevate the quality of future housing services. The agreement includes provisions inviting Wasl Group to participate in specialized events and exhibitions organized by MBRHE.
H.E. Hesham Abdullah Al Qassim, CEO of Wasl Group, stated that, “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.”
As part of collaboration, joint task forces will be established by both entities to develop detailed execution plans, ensuring effective and efficient achievement of goals, while maintaining continuous coordination to drive sustainable housing development.
