Dubai (UrduPoint / Pakistan Point News / WAM – 11 March 2026) Endowment, Endowment and Palace Foundation in Dubai Dubai (Endowments Dubai) Obtained a significant new contribution to the Real Estate Developers Endowment Initiative launched by Mohammed bin Rashid Rashid The Global Endowment and Endowment Consultation Center (MBRGCEC) in cooperation with Dubai Department of Lands (DLD). The contribution was made by Reef Luxury Real Estate Development Company (Reef Properties) coinciding with the holy month Ramadan.
Reef Real Estate Company joined the initiative by pledging to build 100 housing units from Its new projects as a charitable endowment. With a total value of about 100 dirhams million The expected annual return ranges between 7 million And 9 dirhams millionThis contribution is considered the largest of its kind since the launch of the initiative.
The units are The decision For delivery within five years, with proceeds allocated to public charitable causes, meeting community needs, empowering eligible groups, and supporting long-term humanitarian work. Reef Real Estate Company has allocated these units in different areas in Dubaiincluding Dubailand and Dubai Production city. Upon delivery, endowments Dubai You will manage and invest the assets, directing the proceeds towards charitable projects in the field of health and… educationProviding aid to the needy, orphans and widows, and supporting people of determination to ensure the sustainability of charitable efforts.
Ali Al-Mutawa, Secretary General of Endowments DubaiHe stated that the initiative to stop real estate developers embodies DubaiThe endowment’s vision is to consolidate the endowment as a tool for sustainable development and enhance partnerships with the real estate sector. He added that the contribution represents a strategic addition that reflects advanced institutional awareness of responsible investment and bridging economic and social returns.
Al-Mutawa praised Al-Reef Real Estate Company’s exceptional contribution, praising its support for it DubaiThe path of goodness and humanity and the emphasis on vital integration between endowments Dubai And the private sector.
Zainab Juma Al Tamimi, Director of the Mohammed bin Rashid Global Center for Endowment and Endowment Consultation, confirmed that Reef Properties’ participation expands the base of strategic partners, confirms the real estate sector’s confidence in the innovative endowment solutions provided by the Center, and supports sustainable initiatives that enhance the quality of life.
She added that this generous contribution reflects the sector’s commitment as an active partner in supporting sustainable endowment initiatives and establishing a development model based on the integration of investment and charitable work.
Samer Ambar, CEO of Reef Luxury Real Estate Development, said: “We believe this to be true progress It is measured by the positive impact we make in the communities in which we work, in addition to our development projects. Our contribution to the endowment of real estate developers embodies our commitment to… United Arab Emirates Leadership vision in instilling a culture of giving and building long-term value for society.
He pointed out that this step reaffirms a companyIts institutional values and dedication to harnessing its development capabilities in the service of sustainable humanitarian initiatives.
Ambar added that this contribution is part of the sustainable approach followed by Reef Real Estate to achieve responsible growth. This reinforces its position as a developer with a social mission Dubai and United Arab EmiratesThe social and economic fabric of the United Arab Emirates through partnerships that establish the real estate sector as an active partner in sustainable development.
The Real Estate Developers Endowment Initiative was launched in 2023 to enable developers to allocate real estate assets as sustainable endowments. Since its launch, the initiative has attracted dozens of companies, which has expanded the base of development endowments in line with the emirate’s vision of consolidating the endowment culture and maximizing its social impact.