Dubai’s endowment assets have reached $3 billion in 2024, marking a 9% increase from the previous year, according to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.

During a meeting with a delegation from the Endowments and Minors’ Trust Foundation (AWQAF Dubai) and key donors, Sheikh Hamdan highlighted that Dubai’s strategy to grow its endowment assets has led to 1,043 endowments and a rise in the number of donors to 578.

Real estate dominates Dubai’s endowment portfolio, accounting for $2.7 billion, while financial assets total $299.5 million.

The report also highlighted a significant rise in women’s contributions, with their endowments reaching $353.9 million in 2024—a 99.96% surge from the previous year—compared to $1.68 billion from men.

“Endowments are a key pillar in supporting education, healthcare, and social welfare, reflecting a vision rooted in sustainability and innovation,” he said. AWQAF Dubai’s innovative strategies, he noted, allow organizations of all sizes to participate in community-driven projects, reinforcing Dubai’s leadership in the endowment sector.