Make an impact: Dubai Land Department launches endowment programme

The Dubai Land Department and Dubai Endowment have just launched an endowment program to encourage real estate developers to contribute a unit from their project to a charitable cause.

Pretty incredible right?

This initiative aligns with the UAE's priorities surrounding social development and welfare in support of education, low-income patients, orphans, people of determination, and those in need.

As you might have heard, during the first quarter of this year, the real estate market in Dubai experienced a huge increase in property sales compared to the same period last year.

Just last week, the Dubai Media Office announced that the real estate industry in Dubai saw a total transaction value of Dh157 billion ($42.75 billion) during the first quarter of 2023, which also indicated an 80% annual growth.

This continued growth has meant many developers have already committed properties to the initiative, and the application process to get involved is still ongoing.

ORO24 Real Estate Developments made the first contribution by offering a fully paid unit in every project launched! How amazing?

Mr. Marwan bin Ghalita and Ali Al Mutawa urge more developers to participate in this charitable initiative to boost endowments in Dubai.

We absolutely love this wonderful initiative and can’t wait to see the impact it will have as it progresses!