In addition to announcing plans for six other projects totaling Dh16.3 million, the Awqaf and Minors Affairs Foundation (AMAF) has begun four new endowment projects totaling Dh56.2 million.
The new endowment projects range from residential villas to residential complexes for workers across Dubai; their profits will cover the costs of education, health, and care for women, children, and people of determination, as well as charity institutions.
According to the state news agency, WAM, Ali Al Mutawa, secretary-general of the AMAF, said the foundation will start implementing the new projects from the fourth quarter of 2022 to the first half of 2023. It is currently conducting economic feasibility studies to carry out new endowments varying between commercial stores and real estate units.
The secretary-general also highlighted the foundation’s keenness to restore old buildings in Dubai, in line with the emirate’s sustainable development plans.
