Dubai’s endowment assets exceed AED 11 billion

The value of endowment assets in Dubai rose to AED 11.1 billion in 2024, marking a 9 per cent annual growth.

That's according to His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and the UAE's Deputy Prime Minister and Defence Minister, who praised the contributions of citizens, residents and institutions to endowment projects.

He said that Dubai’s strategy to expand endowment assets has raised the total number of endowments to 1,043, while the number of donors has grown to 578.

Sheikh Hamdan made these remarks while meeting with a delegation from the Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) alongside several prominent donors.

He praised AWQAF Dubai’s efforts in expanding endowments and strengthening their role in advancing comprehensive community development.

His Highness also honoured several donors for their contributions to endowment projects that support community initiatives, drive development plans, and enhance the quality of life for low-income groups.

During a meeting with prominent philanthropists in Dubai, I expressed our deep gratitude for their generosity, charitable initiatives, and commitment to endowment projects.

Thanks to the contributions of our community, the value of endowment assets in Dubai reached AED11.1… pic.twitter.com/PWLIRNLS4D

— Hamdan bin Mohammed (@HamdanMohammed) March 13, 2025

A 2024 report revealed that Dubai’s endowment assets are distributed across key categories, including 882 charitable endowments valued at AED 6.9 billion, 113 family endowments worth AED 3.1 billion, and 48 joint endowments amounting to AED 1.1 billion.

Real estate accounts for the largest share, valued at AED 10 billion and comprising 921 endowments, including land, apartments, villas, shops and buildings.

Meanwhile, financial assets—including shares and commercial licenses—total AED 1.1 billion, distributed across 122 endowments.

Men’s endowments amounted to AED 6.2 billion across 689 endowments, while women’s endowments reached AED 1.3 billion across 207 endowments, reinforcing the active role of women in supporting the sector.

Hamdan bin Mohammed meets with a delegation from the Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai) alongside several prominent donors. His Highness praised AWQAF Dubai’s efforts in expanding endowments and strengthening their role in advancing comprehensive… pic.twitter.com/J2oiGLSCYn

— Dubai Media Office (@DXBMediaOffice) March 13, 2025