His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the launch of a Dh4.7 billion permanent endowment district whose proceeds will go toward supporting health and education projects worldwide.
The major philanthropic project, launched under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives, will serve as a sustainable charitable endowment designed to fund humanitarian causes for generations to come.
Sheikh Mohammed shared the announcement on his official X account, writing:
“We have launched an endowment project worth Dh4.7 billion under the Mohammed bin Rashid Al Maktoum Global Initiatives. It is a perpetual charitable endowment whose proceeds will go towards supporting health and education projects around the world.”
A model for sustainable giving
The new endowment district will include:
- A hospital with the capacity to serve 90,000 patients annually
- A medical university
- Schools accommodating more than 5,000 students
- Residential buildings with 2,000 housing units
- A boulevard, retail outlets, and endowment-owned commercial spaces
Together, these components will generate ongoing returns that will be reinvested into charitable initiatives in the UAE and beyond.
Sheikh Mohammed expressed his gratitude to all supporters and partners of the project, saying:
“Our thanks go to all philanthropic endowers, supporters, and contributors, foremost among them Azizi Developments and others, and our appreciation to everyone who strives for good and works to ensure its continuity in the nation of generosity and giving. May God accept from us and from you all good deeds.”
A culture of compassion
The announcement comes just a day after Sheikh Mohammed introduced the ‘Volunteering and Community Engagement Ecosystem’, a nationwide framework designed to strengthen the UAE’s nonprofit sector. The initiative aims to grow the country’s volunteer base to 600,000 individuals and has established a Dh100 million fund to support community-based projects.
Together, these efforts underscore Dubai’s continued commitment to building a legacy of generosity, sustainability, and social impact, values that remain central to Sheikh Mohammed’s vision for the UAE.