
Imtiaz Developments contributes Dh50 million to support Fathers' Endowment campaign
DUBAI (ALETIHAD) Imtiaz Developments contributed Dh50 million to endowment building in Dubai in support of the Fathers' Endowment campaign launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.Coinciding with Ramadan, the campaign honours fathers in the UAE by establishing a sustainable endowment fund to provide treatment and healthcare for the poor and needy.Imtiaz Developments Contribution would be towards an endowment building within the education complex operated by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) in Dubai Academic City.Revenues from the endowment building will support the campaign goals of improving healthcare in underserved communities. This includes developing hospitals, providing essential medical equipment and medications, expanding capacity, and upgrading operating rooms. These investments will create sustainable opportunities to enhance the quality of life for those in need.CEO of Imtiaz Developments, Masih Imtiaz, stated, "His Highness Sheikh Mohammed bin Rashid Al Maktoum has exemplified that true leadership is about creating opportunities and transforming lives. His vision for a resilient and thriving society inspires us at Imtiaz Developments to actively contribute to his mission. This endowment is a tribute to his unwavering dedication to fostering progress, stability, and a brighter future for all."Imtiaz stressed that the pledge reflects Imtiaz Developments' deep-rooted commitment to corporate social responsibility, extending beyond real estate development to create enduring social value. By contributing to this endowment, the company reaffirms its dedication to empowering communities and strengthening philanthropy's role in shaping a better future.The Fathers' Endowment campaign, part of the Mohammed bin Rashid Al Maktoum Global Initiatives, honours fathers by allowing donations in their name. It promotes values of honouring parents, compassion, and social solidarity, while strengthening the UAE's philanthropic standing through a sustainable healthcare endowment for the less fortunate.The campaign also aims to further establish the noble values for which the UAE is known, including generosity and global humanitarian solidarity, while promoting the concept of endowments and engaging the community to be part of the campaign's effort to provide sustainable healthcare to millions of people.The campaign continues to welcome donations and contributions to the endowment fund from institutions and individuals across six main channels, including the campaign's website (Fathersfund.ae), as well as a dedicated call centre via the toll-free number (800 4999).Donations are also possible via bank transfers in the UAE dirham to the campaign bank account number with Emirates Islamic Bank (IBAN: AE020340003518492868201). Donations via SMS are possible by sending the word "Father" to the following numbers (1034 to donate Dh10, 1035 to donate Dh50, 1036 to donate Dh100 and 1038 to donate Dh500) for Etisalat by e& and du users.
Other possible platforms for donating to the campaign are the DubaiNow app by clicking the "Donations" tab and Dubai's community contributions platform Jood (Jood.ae).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Al Etihad
7 hours ago
- Al Etihad
UAE-Hungary ties poised for further growth fuelled by tech, investment cooperation: Hungary FM
20 July 2025 22:58 HAMAD AL KAABI AND MOHAMMAD GHAZAL (BUDAPEST)The mutual visits of the UAE and Hungary leaders have added momentum to the growing strategic relations between Abu Dhabi and Budapest, according to Hungary's Foreign Minister Péter Szijjártó. In an exclusive interview with Aletihad on the sidelines of President His Highness Sheikh Mohamed bin Zayed Al Nahyan's visit to Hungary, Péter Szijjártó said his country always regarded cooperation with the UAE as strategically significant. 'The visit of Prime Minister Viktor Orbán in January to Abu Dhabi has given a total new impetus to the relations. 'Since then, we have been witnessing a significant progress - particularly in the growing interest of UAE investors in Hungary and the intensification of trade between the two nations.' UAE investors have shown strong interest in sectors such as healthcare, real estate, energy, and tourism, he said. On the trade front, Hungary has exported more than 900 tonnes of cheese, 15 tonnes of pharmaceutical products, and 18 tonnes of honey to the UAE since January, the Foreign Minister said. Moving to broader trends, the Hungarian Foreign Minister highlighted the importance of adapting to the global technological transformation. 'We understand that the global economy is going through a huge technological revolution. This revolution is being built around the usage of AI and digital applications, so whoever is going to be the quickest and the most effective in utilising AI and digitalisation will be the successful actor in global politics and the global economy in the future. The UAE has been performing very well in these strategic sectors.' He added that the UAE's expertise in the tech sector is an asset for Hungary as it seeks to accelerate its own development. The UAE has always embraced the trends of the times – from the era of pearling to oil, and now to a diversified economy, the Foreign Minister said. 'Economic diversification gives us an opportunity to collaborate. We are also working to transition from a production-driven economy to one that is driven by research and development. For that, we need advanced technological capabilities and rapid adoption of digital and AI solutions – areas where the UAE is a global leader.' The Foreign Minister also pointed to the potential of a free trade agreement with the GCC countries, calling it key for future growth. Highlighting Hungary's investor-friendly climate, he said: 'We offer the lowest corporate tax rate in the European Union, with a single-digit corporate income tax. Hungary also provides a strategic location, and our 'one-stop shop' service for foreign direct investment makes it easy and efficient for investors to manage operations.' He added: 'We offer a wide range of incentives to investors, making Hungary an attractive destination.' The Minister emphasised Hungary's policy of economic neutrality and its proactive approach to attracting investment. 'We aim to bring the world's biggest companies to Hungary. We are heavily investing in creating a world-class business environment.' Looking ahead, he said: 'We look forward to welcoming more UAE investments. Investors from the UAE can count on the full support of our government and benefit from Hungary's favourable business climate.' Turning to regional and international developments, the Foreign Minister reaffirmed Hungary's support for the UAE's global peace campaign and its role as a stabilising force in the Middle East. 'We are grateful for the UAE's smart foreign policy, which has helped stabilise the region's security situation. We all know that instability in the Middle East can pose serious global security risks.' The Hungarian Foreign Minister praised the UAE's diplomatic approach: 'I commend the smart and cool-headed foreign policy of the UAE led by the Foreign Minister, His Highness Sheikh Abdullah bin Zayed Al Nahyan, to ease tensions in the region.' Péter Szijjártó also underscored the importance of global partnerships in combating extremism and fostering peace. 'We must build alliances based on dialogue and mutual understanding. The UAE is at the forefront of these efforts. Mutual respect, trust, and diplomacy can bring lasting results for all.'


Khaleej Times
9 hours ago
- Khaleej Times
Dubai: Azizi set to deliver nearly 7,000 units this year
Azizi Developments, the Dubai-based developer, is on track to deliver 25 new projects this year, with 6,979 units across key developments such as Riviera Phase 4, Azizi Venice, Creek Views III, Vista, and Amber, the company CEO said. 'Last year, we've completed 19 projects across Dubai, delivering over 8.4 million sq. ft. of built-up area across 316 floors, with more than 10,229 units sold - up 15.8 per cent year-on-year - worth more than Dh10 billion. We plan on surpassing and approximately doubling most of these figures in 2025. We currently have around 150,000 units under construction, valued at several tens of billions of US dollars. We have already delivered more than 45,000 homes to local and international investors and end users from over 100 nationalities,' Farhad Azizi, CEO of the Azizi group of companies, told Khaleej Times in an interview. The company's portfolio includes landmark projects such as Burj Azizi, set to become the world's second tallest tower on Sheikh Zayed Road; Azizi Riviera, a 16,000-home French Mediterranean-inspired community in MBR City; Azizi Venice, a 36,000-home lagoon-centric development in Dubai South; and Azizi Milan, a master-planned community of over 81,000 homes along Mohammed bin Zayed Road. 'Our focus is on creating fully integrated, sustainable and iconic communities that go beyond mere housing and truly enrich the lives of those who invest and reside there,' Azizi said. Property values in Dubai have skyrocketed 70 per cent in four years according to Knight Frank, now also drawing in big name global investors including wall street giants. The emirate has seen more office and hotel deals in the past 2 years than in the past decade combined. Complementing this is the UAE's tourism boom, which contributed Dh257.3 billion (USD 70.1 billion) to the national economy in 2024—accounting for 13 per cent of GDP—as noted by the World Travel & Tourism Council (WTTC). Dubai's property market reached a new milestone in the first half of 2025, with 98,603 real estate transactions totaling Dh326.7 billion ($89 billion), marking its strongest half-year performance on record, as per the latest figures from fäm Properties. This year, Dubai has welcomed nearly 90,000 new residents in Q1, placing growing pressure on housing supply. Only 12,000 new homes were delivered in that period, fueling further increases in both prices and rents. This widening gap between supply and demand highlights strong market fundamentals and presents a compelling case for continued residential development and investment. According to the latest data from Dubai Land Department, the UAE real estate sector is projected to witness an 80 per cent increase in delivered units this year compared to 2024, helping to satiate the surging demand. 'Dubai's property sector will continue to thrive. This is driven primarily by the city's many merits, with it being the best place to visit, live and work in. Its world-renowned safety, outstanding legal and regulatory framework, welcoming, tax-free, opportunity-rich and highly business- and investment-conducive environment, and its status as the world's most popular tourist destination, all contribute to the surging population (expected to hit 5.8 million by 2040) and visitors, and as such, to the exponentially growing popularity of real estate here,' Azizi said. Minor price corrections may take place in the remaining months of 2025 or beyond, as part of any healthy market cycle, but these will be overshadowed by the mid- to long-term upward trajectory in property values, he added. The company is actively exploring and working on blockchain-based innovations, including tokensiation, for its projects. 'Tokenization is a natural progression in an industry that's rapidly evolving to become more safeguarded, accessible, transparent, and technology-driven. By turning real estate assets into digital tokens on a blockchain, the industry also opens its doors for a broader range of investors to participate—making ownership more inclusive while transactions are becoming more efficient. Tokenization has the potential to simplify traditionally complex processes, entails lower barriers to entry, and builds greater trust through secure, transparent records and transactions. 'I see tokenization becoming a fundamental part of how property is bought, sold, and held—particularly in forward-thinking cities like Dubai that are setting the pace for digital transformation in real estate. Moreover, we are also engaging in strategic partnerships that enable secure cryptocurrency payments, particularly in markets where digital assets are gaining traction,' Azizi said. Beyond the UAE, Azizi has set sights on international markets as well, with the recent launch of its first project in Germany. 'With our first project in Germany, which was a test-run in one of the most stable and mature European markets, already successfully having been completed and handed over, and a project in France currently being underway, we are also exploring other lucrative markets, including the UK where will soon be launching 5-6 high rise towers in Central London, in a prime area right on River Thames, with more than 1.5 million square feet of net sellable area, Australia, Canada and the US, amongst others,' Azizi said.


Al Etihad
12 hours ago
- Al Etihad
CDA launches flagship initiative to embed volunteerism across all segments of Dubai society
20 July 2025 17:32 DUBAI (ALETIHAD) As part of its efforts to strengthen civic engagement and foster a culture of giving, the Community Development Authority (CDA) in Dubai has announced the launch of the 'Volunteerism Awareness and Engagement' initiative aims to deepen public understanding of volunteerism and empower individuals across all age groups to play an active role in Dubai's development journey, aligned with the objectives of the 'Year of Community'.The project highlights the concept of volunteering, the ecosystem that supports it, and the rights and responsibilities of volunteers. It also encourages participation across all segments of society and serves as a comprehensive platform for individuals to generate measurable social impact, either through field-based contributions or by enhancing their leadership capacities in the volunteer has recorded a total of over one million volunteer hours in 2024, a milestone that underscores both heightened public awareness and strong institutional to statistics from CDA's Volunteerism Department, nearly 59,000 volunteers are now registered on its platform. In the first quarter of this year alone, over 18,000 individuals took part in volunteer programmes, contributing more than 500,000 hours of service, equivalent to an estimated economic value of Dh40 volunteering is also on the rise, with over 100 skilled opportunities completed by 500 volunteers who contributed a combined total of 8,000 expert part of its drive to co-create with the community, CDA organised a collaborative ideation workshop that brought together volunteer teams, government entities, charities, senior citizens, and people of session resulted in a series of inclusive, impact-driven initiatives aligned with the goals of the 'Year of Community'.Among the key outcomes was the formation of Dubai's first volunteer team comprised of people of determination, empowering this segment of society to take on meaningful roles. Likewise, the emirate's first senior citizens' volunteer team was launched with members from the Thukher Club, in recognition of the wisdom and life experience of the older other initiatives were introduced, including:• Mothers and Daughters, encouraging compassionate visits to hospital patients• A Day with Senior Citizens, fostering intergenerational bonding• Agriculture Zones, uniting students and the elderly in educational gardening projects• A recycling awareness initiative aimed at promoting environmental responsibility• Volunteer Leadership Hub, a capacity-building programme for developing certified volunteer leaders• National identity programmes such as cultural etiquette ('Sana'a') sessions and national identity storytelling emphasised that these initiatives represent a strategic shift in mainstreaming volunteerism and broadening inclusive civic participation. The implementation of the initiatives will follow a structured roadmap and rely on robust partnerships with public, private, and community stakeholders to ensure sustainability and maximise on-the-ground impact. Year of Community Continue full coverage