Ground broken on $2.5m residential complex in Dubai

The five-villa project, which is being developed by Awqaf and Minors Affairs Foundation, is expected to generate $204,187 in annual revenues

AMAF has broken ground on a charity and endowment residential complex in Al Garhoud [image: WAM].
AMAF has broken ground on a charity and endowment residential complex in Al Garhoud [image: WAM].

Awqaf and Minors Affairs Foundation (AMAF) has commenced construction works on a charity and endowment residential complex in Al Garhoud, Dubai.

Present at the ground-breaking event was AMAF deputy secretary-general Khaled Al Thani, who laid the foundation stone for the five-villa project.

With an estimated construction cost of $2.5m (AED9m), the property is expected to generate $204,187 (AED750,000) in annual revenues, UAE state news agency, WAM, reported.

Each of the five villas will have a built-up area of 364m2 and will include five master bedrooms, a living room, a dining room, a kitchen, a maid’s room, a swimming pool, and two parking spots.

Commenting on the project, Al Thani, said: "AMAF seeks to inculcate noble values in society through encouraging tolerant religious practices and ideals that emphasise the importance of empathy towards all, especially the underprivileged.

“These efforts align with the UAE’s strategy that is spearheaded by HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, and aims to strengthen the cohesiveness of our society and protect its identity."

He added: "During the Year of Zayed, we celebrate the legacy of the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan, who dedicated his life to help those in need and reinforce values of solidarity and collaboration.

“In line with this proud legacy, we are committed to financing the construction of mosques and enhancing partnerships in this regard."

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020