Building a Greener Future: The Role of Real Estate Development in Dubai
As an ever-growing city, Dubai keeps attracting more residents and investors. After all, this city is one of the safest in the world, where people can find promising opportunities. Yet, the increasing number of people poses a main concern, which is pollution! Both government and private sector are aware of this issue. To stop such a problem from developing, each is taking steps to improve energy consumption in Dubai. Read along to discover more about the future of real estate development in Dubai.
Initiatives are taken by the government
Green Code Buildings
In order to improve energy efficiency (water, power and electricity), the Dubai Municipality has implemented green building codes. By following the guidelines of these codes such as constructing buildings with green roofs, solar panels, and high-efficiency lighting, the developers can reduce carbon emissions, promote sustainable practices, and in return ensure better health for the occupants.
Dubai Clean Energy Strategy 2050
In 2015, the Dubai government unveiled the strategy, which seeks to position Dubai as a global leader in sustainable development and clean energy. With an emphasis on solar and nuclear energy, the strategy sets a goal to produce 75% of the city’s energy from clean sources by 2050.
Dubai Integrated Energy Strategy 2030
The Dubai Integrated Energy Strategy 2030 is a thorough plan to increase the effectiveness of Dubai’s energy use and lessen its carbon impact. The strategy calls for actions like installing energy-efficient lighting and cooling systems in existing buildings, encouraging the use of electric and hybrid vehicles, and retrofitting buildings to increase their energy efficiency.
Initiatives Taken by the Private Sector
LEED Certification
LEED stands for Leadership in Energy and Environment Design. Many developers in Dubai are building homes that enable them to achieve that. They now building properties with better indoor air quality, which helps conserve water and save energy.
Sustainable Materials
To lessen the negative effect the construction can have on the environment, developers in Dubai are now using sustainable materials such as recycled steel, salvaged timber and bamboo, to mention a few. This also gives the building a unique look.
Innovative Architecture
Private developers in Dubai started to go after avant-garde initiatives, which include energy-efficient homes. Such initiatives not only advance sustainability but also build distinctive and alluring communities for both occupants and investors.
Net Zero Buildings
Net-zero structures, which generate as much energy as they use, are becoming more common in Dubai. To accomplish net-zero energy consumption, these structures combine energy-efficient design, renewable energy sources, and energy storage technologies.
Sustainable Communities
These communities use environmentally friendly elements like recycling initiatives, rainwater collection systems, and low-energy lighting.
Green Financing
To maintain a greener future for younger generations in Dubai, the developers in Dubai extended their efforts to the financing part. They are now opting to green financing options to fund their projects such as loans and other non-paper waste options.
How the Greener Future Looks in the Real Estate World
By committing to the green guidelines mentioned in the article, both the environment and the economy will improve. When Dubai lessens its environmental effect, it will be reducing the effects of climate change, which are becoming a growing worry for many nations worldwide. When emerging as a leader in preserving the climate and energy, will attract a new set of investors, which are those looking for socially responsible properties to rent out or buy. Moreover, the health of the inhabitants will also improve. This can lead to reduced rates of respiratory illness, improved mental health, and a greater sense of community.
Dubai’s real estate market will probably continue to grow and improve not only in terms of adding more properties to the landscape of the city and attracting more investors but also in maintaining a better and greener future for the younger generation. With the initiatives taken by both the government and the private sector, the city is sure to add more eco-friendly features and communities. Have you heard of any of the initiatives mentioned in our article before? Do you think there is more that we need to add to the list? If you have heard of any, write about them in the comment section down below. As is always the case, we cannot wait to hear from you all.
