The initiative was launched under the auspices of the Dubai Land Department (DLD) represented by the Real Estate Regulatory Agency (RERA). As per the plan, developers will dedicate one unit from their property projects to support charity needs. The proceeds will be used for educational purposes, medical care for the underprivileged and support for orphans and those in need.
Joseph Thomas, a co-founder of Ellington Properties, praised the idea of the endowment and its role in fostering a culture of philanthropy in the UAE.
