The Dubai Endowment and Minors’ Funds Management Authority announced the implementation of 12 endowment and developmental projects with a total construction cost of 115 million AED in vital and prominent areas in the heart of the emirate.

The new projects include shopping centers, residential buildings, modern villas, shops, and mosques, contributing to diversifying endowment assets and enhancing their returns to support various charitable, educational, health, and offspring endowment funds, as well as serving nearby residential communities and meeting their diverse social and service needs.

These projects are part of the Authority’s plan to expand the endowment portfolio through economically and socially viable investment projects implemented in strategic locations in the heart of Dubai, notably Jumeirah, Al Barsha, Al Khawaneej, among others, ensuring sustainable returns and enhancing social impact.

Ali Al Mutawa, Secretary-General of the Authority, confirmed that these projects come within Dubai’s ambitious endowment vision launched to employ endowments in serving sustainable development, meeting community needs, and improving quality of life.

He said: “We continue to develop quality endowment assets that achieve sustainable returns contributing to funding humanitarian, educational, and health community initiatives and consolidating Dubai’s position as a global capital for innovative endowments and humanitarian work.”

Meanwhile, Ahmed Nasser, Director of Projects and Real Estate Management, explained that the ongoing projects are implemented according to the highest engineering and technical standards to achieve a balance between investment returns and social impact.