AED 200 Million Endowment Projects Planned in Abu Dhabi

Development projects valued at AED 200 million are planned on endowed land in Abu Dhabi following a memorandum of understanding signed between the Endowments and Minors’ Funds Authority – Awqaf Abu Dhabi and MAIR Group PJSC.
The projects are intended to generate sustainable returns from endowment assets to support programmes focused on the care and wellbeing of orphans in the UAE. Under the agreement, Awqaf Abu Dhabi will allocate the endowed land while MAIR Group, through its real estate arm Makani Real Estate, will oversee the development, management and implementation of the projects.
Officials said the initiative is designed to strengthen the sustainability of endowment returns by investing in real estate and other income-generating assets. The developments are expected to provide stable financial returns that will fund social programmes connected to orphan care.
The agreement supports the Mother of the Nation Endowment for Orphans campaign launched under the patronage of Mohamed bin Zayed Al Nahyan.