Mohammed floats region's first endowment district

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, launched the Mohammed Bin Rashid Endowment District, a flagship urban destination that integrates modern housing alongside commercial, healthcare and education facilities in a single development, reflecting an integrated vision.

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The first endowment district in the region, the project is part of the strategic investments by the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), with support from Azizi Developments.

The Endowment District spans 2 million square feet, with total investments of Dhs4.7 billion, of which Dhs330 million is contributed by a group of investors. Returns from its residential, healthcare and educational facilities will ensure the sustainability of philanthropic efforts, being ultimately allocated to support education and healthcare initiatives worldwide.

During the launch event, Sheikh Mohammed was apprised about key details, plans, and facilities related to the project and the attention accorded to various aspects to ensure conformance to the highest standards of quality of life, efficiency, and sustainability.

He said, "Today, we launched the Mohammed Bin Rashid Endowment District as a leading endowment project that brings together healthcare, education, and housing facilities. Our aim is for it to serve as an urban model that embodies our vision of endowments as a tool that multiplies the value of giving and leaves a lasting impact on people's lives."