Dubai’s endowment assets rise to Dhs11.1 billion: Hamdan

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, affirmed that Dubai remains committed to strengthening its leadership in the endowment sector and expanding community-based service endowments.

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Sheikh Hamdan attributed this success to the vision and guidance of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.

Sheikh Hamdan made these remarks while meeting with a delegation from the Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) alongside several prominent donors. The meeting was held in the presence of Sheikh Ahmed Bin Mohammed Bin Rashid Al Maktoum, Second Deputy Ruler.

Sheikh Hamdan praised AWQAF Dubai’s efforts in expanding endowments and strengthening their role in advancing comprehensive community development.

Sheikh Hamdan honoured several donors for their contributions to endowment projects that support community initiatives, drive development plans, and enhance the quality of life for low-income groups. During the meeting, he also announced that the value of endowment assets in Dubai rose to Dhs11.1 billion in 2024, reflecting a 9% growth compared to the previous year.

"Dubai's strategy to expand endowment assets has raised the total number of endowments to 1,043, while the number of donors has grown to 578," Sheikh Hamdan said.