Emirati woman endows Awqaf with a building worth Dhs41.5m in Dubai
- 06 Oct 2022
Gulf Today, Staff Reporter
The Awqaf and Minors Affairs Foundation in Dubai announced the apposition of a permanent endowment to its projects within the emirate.
In a statement, the Foundation revealed that an Emirati woman had endowed a property in the Al Nahda II area in Dubai. The property is a 12-floor-residential building consisting of 74 apartments spread over 12 floors. The building value is estimated at Dhs41.5 million, including the land.
The endower presented the property as a permanent endowment to be administrated by the Foundation, so that its proceeds are spent on sponsoring orphans, building mosques, helping the needy in the country, digging wells in the Arab countries, printing the holy Qur’an and distributing them in various Islamic countries.
