Dubai has launched an ambitious plan to use community endowment funds worth AED10 billion ($2.72 billion) to boost citizens’ quality of life. These funds, composed of real estate and financial assets, are expected to generate AED1 billion ($272 million) in revenue by 2033. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, led the first committee meeting of 2025. There, he approved new projects and initiatives aimed at enriching the lives of Dubai’s residents. Among these initiatives are the “Thukhr Initiative” for retirees and the “Ghamran Camp,” which offers fathers and sons a desert camping experience focused on Emirati traditions and skills.
Focus on Social Welfare and Employment
Since the committee’s inception in May 2022, significant progress has been made. For example, over 33,470 Emiratis secured jobs—more than 8,430 in government roles and 25,000 in private sector companies. The committee also delivered 1,315 housing units, granted 10,131 residential plots, and provided 8,663 financial and housing grants. Additionally, 426 citizens were exempted from housing loan repayments worth AED146 million ($40 million). The government increased social support funding to AED438 million ($119 million), assisting 1,078 individuals from low-income groups. Sheikh Hamdan emphasized that empowering citizens, especially retirees, remains a top priority. The “Thukhr Initiative” offers programs promoting health, financial security, social connections, and lifelong learning to improve retirees’ wellbeing.
Long-Term Endowment Strategy and Community Impact
Sheikh Hamdan highlighted the importance of endowments as a vital pillar for social development. Dubai is committed to pioneering innovative endowment projects that support health, education, and social sectors. The goal is to embed an endowment culture that fosters social solidarity and sustainable community funding. The spending plan approved by the Endowments and Minors’ Trust Foundation supports over 250,000 people and 100 entities annually. Moreover, the Dubai Weddings Initiative has facilitated 545 weddings since 2024, aiming to increase Emirati participation in upcoming years. The Family Financial Literacy Programme also started its first phase, engaging 100 participants. Notably, endowment disbursements grew by over 50%, while asset values nearly doubled since 2021, reflecting Dubai’s strong commitment to long-term social welfare and development.
