154 words, close enough to the target.
Dubai has restructured the board of the Dubai Real Estate Corporation through Decree No. 16 of 2026. His Highness Sheikh Mohammed bin Rashid Al Maktoum named His Highness Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai, as chairman, with Hesham Abdullah Al Qassim as vice chairman. Other members include Mohamed Hadi Ahmed Al Hussaini, Rashid Mohammed Rashid Al Mutawa, Shoaib Mir Hashem Khoory, Abdulaziz Mohammed Al Mulla and Rashed Ali bin Obood Al Falasi.
Why it matters
DREC, established in 2007, owns and manages the government's land portfolio, with wasl Asset Management Group running daily operations. Putting the First Deputy Ruler, also Deputy Prime Minister and Minister of Finance, in the chair signals how much weight the government places on state land. It can shape the supply pipeline for future off-plan launches and set the tone for private developers. For anyone watching the resale or rental markets, DREC's new board is worth tracking.
Originally published on Doment, Dubai property intelligence.
