Awqaf Department completes AED 7.4 m villa project in Al Rifaa

May 12, 2026 / 12:46 PM

Sharjah24: Department of Awqaf in Sharjah has completed a new residential development in the Al Rifaa area of Mughaider, consisting of six villas, as part of its ongoing efforts to enhance and develop its endowment assets.

The project was built on a land area of 2,824.4 square metres, with a total cost of AED 7,431,000. Its returns are designated to support endowment growth and achieve its intended charitable and developmental objectives.

Focus on sustainable endowment investment

Director-General of the Department, Talib Al Marri, said the project reflects the department’s commitment to developing endowment assets according to best investment standards, strengthening financial sustainability and supporting the endowment’s role in serving the community.

He added that the department continues to implement plans aimed at expanding and diversifying its real estate endowment investments in line with Sharjah’s urban development, contributing to sustainable development and reinforcing the role of endowments in supporting community growth.