At a total cost of 48 million dirhams

"Dar Al Ber" completes 35% of the endowment building in Ajman

The Vice Chairman of the Board of Directors of Dar Al Ber Society, Abdul Qader Al Rayes, stated that the completion rate of the “Waqf Building” project in Al Jarf area in Ajman reached 35%, while work on the construction of the project began last year 2020, at a total cost of 48 million dirhams, and the work is expected to be completed and launched. officially next year.

Al-Rayes explained that the new charitable project is a residential and commercial building, consisting of 14 floors and comprising 104 units.

Dr. Muhammad Suhail Al Muhairi, CEO and Managing Director of Dar Al Ber Society, said: "The endowment portfolio of Dar Al Ber Society currently contains 30 properties, while the total revenues of Dar Al Ber endowments during the past five years amounted to 14 million, 999 thousand and 25 dirhams."

He stressed that the association has a clear and well-established strategy in the field of charitable endowments, as it is an important and sustainable source of support and funding for the charitable sector and humanitarian work in general, ensuring the continuity of providing charitable aid and services, and supporting the sustainability of charitable work.

He pointed out that the association has paid great attention since its establishment to charitable endowments, and is constantly working to develop and develop its endowments portfolio, in light of the legal and legal controls, in order to enhance the financial revenues of these endowments and the association, in the interest of charitable work in the state and abroad, and constitutes support for the humanitarian projects of the association. It contributes to helping the largest possible number of needy and low-income people inside the Emirates, and the poor and afflicted in large parts of the world.