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The ability of Dubai’s developers to help the communities they serve has now improved. They may designate one unit of their projects to help a certain charitable organisation.
The plan involves helping individuals who can’t finish their education, helping the poor get medical care, and helping orphans, strong people, and others who are in need.
This comes after Dubai’s Endowments and Minors’ Trust Foundation (Dubai Endowment) launched the first endowment programme for developers, as represented by the Mohammed bin Rashid Global Centre for Awqaf and Endowment.
The effort has received pledges from several developers, and applications are still being accepted. The “tenth principle of real estate business ethics,” which emphasises community service and encourages real estate enterprises to support community activities, was mentioned in a statement by Marwan Bin Ghalita, Executive CEO of RERA. “More developers (should) participate in this initiative, whose proceeds will be used to meet the needs of society in the areas of health, education, and charity,” said Bin Ghalita.
First developer contribution
By allocating a unit in each of its projects to fund education for those unable to complete their studies as well as for widows and orphans, ORO24 Real Estate Development paid the first payment under the programme. Additionally, the endowment will assist in the release of poor convicts.
“We are keen to launch innovative endowment projects with the participation of community institutions to enhance endowment and charity in Dubai,” said Zainab Al Tamimi, Director of the Mohammed bin Rashid Global Centre for Awqaf and Endowment.
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