$55 Million worth Real Estate projects announced by Awqaf Dubai

Awqaf Dubai announces 21 endowment real estate projects

Awqaf Dubai has unveiled 21 new endowment real estate projects worth over AED202 million ($55.4 million). These projects, which include malls, residential buildings, shops, and mosques, align with Dubai’s Plan 2033 by expanding and diversifying endowment investments. The developments are at different stages of design and implementation, supporting both social and economic goals.

Photo Credit : arabianbusiness

Dubai real estate endowments – Awqaf Dubai

The new endowment real estate projects by AWQAF Dubai include educational and humanitarian buildings, charitable contributions, and mosque endowments. Funded by donations and contributions, these projects have construction timelines of one to two years and are strategically placed in central Dubai.

Plans include developing endowment malls in emerging residential areas to enhance community services and meet residents’ needs. Ali Al Mutawa, Secretary-General of AWQAF Dubai, noted that these projects align with Dubai’s sustainable development goals and the Dubai Plan 2033, reflecting the vision of Sheikh Mohammed bin Rashid Al Maktoum for high-quality, sustainable development.

The projects, with some expected to finish by late 2024 and most by mid-2025, feature modern green building elements and contemporary designs. They aim to offer luxury and high construction standards, showcasing AWQAF Dubai’s commitment to a prosperous and sustainable future.

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