Awqaf Dubai, the Endowment and Minors’ Trust Foundation, has officially recorded the emirate’s largest permanent family endowment, valued at Dh1.6 billion, established by the Ahmed and Mahmoud Al Dallal family.
The endowment consists of 111 waqf assets located across different areas of Dubai and has been structured to benefit the founders’ children and future generations as part of a long-term family endowment model.
Awqaf Dubai stated that this registration brings the total number of family endowments under its supervision to 251, with a combined value reaching Dh4.8 billion.
Issa Al Ghurair, Chairman of Awqaf Dubai’s board, said the endowment reflects a sustainable family waqf approach and supports the foundation’s strategy to develop endowment assets while creating lasting social value.
Ali Al Mutawa, Secretary-General of Awqaf Dubai, noted that the foundation works closely with families to professionally manage and invest endowment assets to ensure continuity and broader community benefit. Representatives of the Al Dallal family added that the initiative demonstrates their commitment to social responsibility and long-term intergenerational support.
