The Dubai Endowment and Minors’ Trust Foundation (Awqaf Dubai) has signed long-term investment agreements with several real estate developers to establish endowment projects worth $54 million (AED200 million), supporting sustainable funding for mosques across the emirate.
The projects will be developed in the areas of Al Aweer and Wadi Al Amardi and will consist of integrated commercial complexes designed to generate stable income streams for the endowment sector.
According to Awqaf Dubai, revenues generated from these developments will be fully dedicated to supporting mosques and ensuring sustainable funding for their operations and maintenance.
Under the agreements, the partnering development companies will manage the investments over a 20-year period, with the projects expected to generate an annual return of approximately 10 percent. The long-term investment structure is intended to maximize returns while preserving the capital value of the endowment assets.
Ali Al Mutawa, Secretary-General of Awqaf Dubai, said that the signing of the contracts forms part of the foundation’s broader strategy to strengthen the real estate endowment system in Dubai and secure sustainable financial resources for the emirate’s mosques.
He noted that Awqaf Dubai remains committed to collaborating with developers who follow best investment practices, ensuring stable and sustainable returns that support the continued funding of endowment projects and their associated humanitarian and community services.
Al Mutawa emphasized that the initiative also aims to broaden the base of real estate endowments in Dubai while deepening cooperation with the private sector.
By integrating endowment work with professional investment management, the foundation seeks to ensure the long-term sustainability of financial resources and meet the evolving needs of mosques and the wider community.
Ali Al Mutawa added that Awqaf Dubai continues to pursue innovative models that combine investment with social development. Such initiatives play an important role in promoting a culture of endowment by supporting high-quality projects capable of generating both economic value and meaningful social impact.
