Abu Dhabi Awqaf Authority and MAIR Group Sign MoU for Development Projects

The Abu Dhabi Awqaf Authority and the Minor’s Fund have teamed up with MAIR Group, listed on the Abu Dhabi Securities Exchange under the ticker symbol (MAIR). This partnership aims to launch a series of real estate development projects totaling AED 200 million on Awqaf lands. This initiative supports the “Umm Al-Emarat Endowment for Orphans” campaign, which aims to enhance the sustainability of endowment returns dedicated to supporting orphans in the UAE.

This agreement reflects the authority’s commitment to strengthening collaborations with the private sector and developing a modern investment model for endowment assets. The goal is to transform these assets into sustainable funding sources that will bolster long-term social and humanitarian initiatives.

Key Responsibilities Under the MoU

• The Abu Dhabi Awqaf Authority will allocate the necessary Awqaf lands for the execution of the projects.
• MAIR Group will lead the development and implementation of these initiatives through Makani Real Estate, its real estate arm. The projects will adhere to best investment and operational practices to ensure stable and sustainable returns, supporting the campaign’s objectives while improving the quality of life for orphans.

This contribution aims to establish a sustainable endowment funding source to care for orphans in the UAE, ensuring a more stable future and improving their quality of life. It also promotes social cohesion and reinforces the concept of endowments as a tool for sustainable development. This initiative embodies the deeply rooted spirit of solidarity and generosity present in the UAE community, aligning with the goals of the “Year of the Family.”