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Dubai Unveils Dh4.7bn Mohammed bin Rashid Endowment District

Project revenues will finance MBRGI programmes worldwide in health, education.

Overview

  • Sheikh Mohammed launched the district under Mohammed bin Rashid Al Maktoum Global Initiatives with support from Azizi Developments.
  • The masterplan spans about 2 million square feet with 25 endowment buildings and more than 2,000 residential units for roughly 12,000 daily residents and visitors.
  • Healthcare and education facilities include a 250-bed hospital designed for over 90,000 cases annually, a medical college, and two schools serving approximately 5,000 students.
  • Returns from residential, healthcare, and educational assets will fund global programmes, with Dh330m from a group of investors earmarked to be reinvested to sustain the mission.
  • Azizi’s role follows its Dh3bn donation to the Fathers’ Endowment campaign, while the district’s site and opening timeline have not yet been disclosed.