Dubai will launch a brand new district designed to fund sustainable humanitarian initiatives worldwide
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the Mohammed bin Rashid Endowment District, a flagship AED4.7bn ($1.28bn) growth.
The landmark initiative — the primary endowment district of its sort within the area — is a strategic funding beneath the Mohammed bin Rashid Al Maktoum World Initiatives (MBRGI), developed with the help of Azizi Developments.
Endowment District in Dubai
Spanning 2 million sq. ft, the district integrates fashionable housing, healthcare and schooling services inside a single grasp plan, establishing an city mannequin for sustainable philanthropy.
Returns from the district’s residential, healthcare, and academic belongings will maintain MBRGI’s international schooling and healthcare programmes, guaranteeing a steady move of funding for charitable and developmental efforts worldwide.
Sheikh Mohammed mentioned: “In the present day, we launched the Mohammed bin Rashid Endowment District as a number one endowment undertaking that brings collectively healthcare, schooling, and housing services.
“Our intention is for it to function an city mannequin that embodies our imaginative and prescient of endowments as a device that multiplies the worth of giving and leaves an enduring affect on individuals’s lives.
“The brand new endowment undertaking displays the UAE’s civilisational ethos and stands as an emblem of compassion, generosity, and the spirit of solidarity that defines our society.
“It exemplifies our imaginative and prescient of creating charitable and humanitarian work as a strategic driver of sustainable growth, and stands as a brand new instance of sustainable philanthropy within the area.”
Sustainable growth
The undertaking consists of 25 endowment buildings that includes greater than 2,000 residential items, a 250-bed hospital, a medical school, and two faculties with capability for five,000 college students throughout all phases.
As soon as full, it would host greater than 12,000 residents and guests every day, supported by built-in infrastructure, inexperienced areas, a boulevard, a mosque, and hundreds of parking areas.
The hospital, designed to deal with greater than 90,000 instances yearly, will embrace devoted housing for medical workers and services to coach new generations of healthcare professionals, making the district a regional centre of medical excellence.
AED330m ($89.8m) of the full funding comes from a bunch of buyers, with income reinvested to maintain the district’s humanitarian mission.
Redefining philanthropy
Mohammad Abdullah Al Gergawi, Minister of Cupboard Affairs and Secretary-Normal of MBRGI, mentioned the undertaking exemplifies Sheikh Mohammed’s imaginative and prescient to redefine charitable work by linking it on to sustainable endowment funding.
Al Gergawi mentioned: “The launch of the Mohammed bin Rashid Endowment District displays His Highness Sheikh Mohammed bin Rashid Al Maktoum’s imaginative and prescient to redefine charitable and humanitarian work by centring it on endowment funding to drive growth and empower individuals in all elements of life.
“This undertaking will guarantee a steady move of funding and an enduring affect in help of the healthcare sector, thereby enhancing the effectivity of humanitarian efforts on this very important area.”
He added that the initiative will function a benchmark for future MBRGI initiatives, strengthening sustainable growth throughout sectors that straight have an effect on individuals’s lives.
Non-public-sector partnership
Mirwais Azizi, Founder and Chairman of Azizi Developments, mentioned the corporate is proud to help a undertaking that aligns with the UAE’s spirit of generosity and social duty.
Azizi mentioned: “We’re proud to be a part of this pioneering endowment undertaking that bears the identify of His Highness Sheikh Mohammed bin Rashid Al Maktoum.
“The Mohammed bin Rashid Endowment District displays the humanitarian mission and spirit of generosity and solidarity that outline the UAE.
“We take into account this undertaking a milestone within the historical past of charitable work within the UAE and a mannequin for leveraging actual property investments to serve noble humanitarian targets.”
Azizi Developments has additionally made the biggest particular person private-sector donation in UAE historical past, contributing AED3bn ($816.8m) to the Fathers’ Endowment marketing campaign.
Sustainable philanthropy
Designed as a state-of-the-art city mannequin aligned with Dubai’s imaginative and prescient for future cities, the Mohammed bin Rashid Endowment District represents a brand new part in international endowment-based giving.
By combining actual property growth with humanitarian funding, the undertaking positions Dubai as a frontrunner in sustainable philanthropy, demonstrating how strategic funding can create long-term social affect whereas supporting the worldwide schooling and healthcare sectors.
