Since the launch of the United Nations SDGs and the UAE’s 2030 vision for sustainability, there has been an increased demand for green real estate due to the global awareness on sustainability. The Sustainable Development Goals that the UAE primarily focuses on are those that enable access to clean energy, sufficient food at reasonable prices, quality education, healthcare, sustainable economic growth and increased resource efficiency.
Eco-friendly homes and developments usually incorporate energy-saving appliances, solar panels, and insulation technologies that help reduce energy consumption. According to DEWA (Dubai Electricity & Water Authority), buildings that meet Dubai’s green regulatory standards can save up to 50% on electricity bills.
According to Kaizen Asset Management, smart technology and sustainability is of increasing importance in the current real estate market. Developers are focused on eco-friendly materials, energy-efficient designs, and smart home technology to meet the demand for sustainable living.
In 2015, the UAE released and announced a comprehensive document that covered the nation’s sustainability goals by 2030. This document covered the 5 key aspects of sustainable development over the course of 15 years.
The main goal in each of the above categories is to raise renewable energy targets, implement better waste management, and introduce stricter green building standards. These initiatives have had a significant impact on the real estate market in Dubai as it promotes affordable housing, technological innovation, and infrastructure development. With these developments, smart city technologies and improved public transportation methods were introduced. Since then, the UAE has shifted its focus to technology, tourism, and renewable energy.
Sustainable developments across Dubai promote resource conservation by utilising less energy and deploying renewable energy resources. Furthermore, most of these buildings and developments are constructed using eco-friendly materials that improves indoor air quality by having no harmful substances or chemicals.
Sustainable projects help residents save on utility finances and promise investors long-term returns due to the growing awareness of sustainability.
Sustainable developments provide residents with healthier living conditions due to the reduced carbon footprint, improved air quality, abundance of natural light, and overall better activity engagement levels due to the walkability of these communities.
Since the SDGs and the UAEs 2030 vision for sustainability were released in 2015, there have been building evaluation systems introduced to assess the construction process and overall sustainability of projects.
One such evaluation method is the LEED certification which assesses energy and water efficiency, utilisation of environmentally-friendly and regional materials, improving indoor air quality and optimising and ensuring daylight exposure.
Furthermore, the Estidama pearl rating system is another metric that evaluates a building’s sustainable development in Abu Dhabi. “Estidama” means sustainability in Arabic and this rating system measures the methodology for constructing the building and how community operations take place.
Consisting of 600 homes, 11 biodomes, and an urban farm, The Sustainable City is a low carbon development as all homes in the community are solar panelled and produce their own electricity. It is also reported that 80% of sustainable city is car-free as the pathways are designated for cycling and the community is stocked with shared electric buggies to travel between homes.
A sustainable urban development that is located in Abu Dhabi that serves as a world-class business and technology hub. The development is not only technologically advanced but also environmentally responsible by using various technologies, including high-efficiency HVAC systems and low-flow water fixtures, to optimise energy and water use in our buildings.
This community integrated green spaces, eco-friendly buildings and smart city technologies. Located next to the Ras Al Khor reserve, the Dubai creek harbour is not only a show of luxury but also environmentally responsible and innovative.
If you’re looking for your next environmentally and economically friendly investment, reach out to MNA properties and we’ll connect you with our experienced brokers that will provide you with an insightful and tailored property buying or leasing experience.
