Dubai's Endowments and Minors’ Trust Foundation (AWQAF Dubai) has announced the development of 21 endowment real estate projects valued at over AED 202 million.
These projects, including malls, residential buildings, shops, and mosques, are strategically located in central Dubai and are at various stages of design and implementation.
The projects aim to support the social and economic objectives of the Dubai Plan 2033, in line with the city's commitment to expanding and diversifying endowment investments. The developments will serve multiple purposes, including educational and humanitarian buildings, charitable contributions, and mosque endowments, funded through contributions from endowment backers and the reconstruction portfolio.
Ali Al Mutawa, Secretary-General of AWQAF Dubai, emphasized that these initiatives are aligned with Dubai's sustainable development plans and the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. The projects are expected to enhance community well-being, with construction timelines ranging from one to two years. Some developments are anticipated to be completed by the end of 2024, with the majority ready by mid-2025.
Al Mutawa highlighted that the projects are distinguished by modern green building features and contemporary architectural designs, reflecting AWQAF Dubai’s commitment to delivering high standards of luxury and quality. These efforts are designed to contribute to Dubai's sustainable future while maximizing returns on endowment investments.
Through these initiatives, AWQAF Dubai continues to play a crucial role in fostering community well-being and supporting the city’s long-term development goals.
News Source: Emirates News Agency
