Sobha Realty pledges AED 25 million in support of ‘Bunyan Al-Khair’ initiative by Dubai Endowments:
Sobha Realty pledges a financial contribution of AED 25 million to the Endowments and Minors’ Trust Foundation in Dubai in support of the ‘Bunyan Al-Khair’ initiative, launched by the Foundation in cooperation with the Mohammed Bin Rashid Housing Establishment and ‘Emarat Al Youm’. The initiative aims at collecting AED 35 million to construct 22 endowment buildings and the proceeds will also be used to support UAE Nationals with low income, needy families and humanitarian cases to which the housing service requirements are not applicable.
His Excellency Ali Al-Mutawa, Secretary-General of the Endowments and Minors’ Trust Foundation, praised Sobha Realty’s pledge in support of ‘Bunyan Al-Khair’ initiative, a humanitarian endeavour that reflects the solidarity of the UAE’s community foundations in supporting community initiatives, which achieve stability for the UAE’s families. His Excellency also appreciated the participation of the Land Department in Dubai, represented by the Real Estate Regulatory Agency (RERA), to support sustainable humanitarian work, serve the community and meet its needs by directing real estate companies to participate in endowment activity.
Al-Mutawa confirmed that ‘Bunyan Al-Khair’ is considered one of the most important national community initiatives which offers housing and assistance to low-income UAE nationals and humanitarian cases to which requirements of housing service do not apply. He pointed out that the initiative continues to open its doors for everyone who want to do good, indicating that the Foundation has spared no effort in launching charitable projects and humanitarian initiatives individually or in cooperation with other parties. These initiatives are aimed at supporting those in need of housing and making it easier for low-income families by contributing to the payment of due amounts and overdue fees, within the framework of the Foundation. The Foundation is keen to support deserving people whose files have been studied in cooperation with relevant authorities.
PNC Menon, Chairman of Sobha Realty said: “It is an honour for us at Sobha Realty to be a part of such noble and inspirational initiative, which resonates with our dedication to giving back to the community. ‘Bunyan Al-Khair’ is a reflection of our mutual objective of establishing sustainable and inclusive living spaces. This partnership signifies a key milestone in our continuous pursuit of comprehensive solutions for community development. The initiative stands as a testament to the transformative potential of collaborations in addressing societal challenges and ensuring a prosperous future for everyone.”
Editor-in-Chief of Emirates Today, Muna Busamra, stressed the importance of the “Bunyan Al Khair” initiative in providing housing for low-income citizens who do not meet the housing requirements in the emirate.
She pointed out that the initiative is one of the most important community initiatives launched on the local media level, appreciating the great role of the Mohammed bin Rashid Housing Establishment and the Endowments Foundation and Palace Funds Management in its success and achieving its goals.
Busamra said: “Sobha’s contribution of 25 million dirhams confirms the great interaction with the campaign, and heralds that the initiative will achieve its goals significantly and in record time.”
She pointed out that “the newspaper focuses its entire content on local affairs and societal issues, in addition to adopting several initiatives that translate leadership policy into humanitarian charitable work.”
Muna Busmara explained that “the initiative is consistent with the newspaper’s approach to supporting humanitarian and community initiatives, and stimulating the spirit of social responsibility in institutions, especially with regard to national initiatives that are in the interest of the nation and the citizen,” calling on institutions that wish to donate to contact “Emirates Today.” Via the newspaper’s hotline number (050-2630666).