Saudi Press

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Tuesday, Jul 23, 2024

UAE Developers Embrace Sustainability to Boost Property Values

UAE Developers Embrace Sustainability to Boost Property Values

UAE developers are enhancing property values through sustainability, as 70% of investors are willing to pay premiums for green facilities. Driven by consumer demand for eco-friendly designs and LEED certification, the trend is supported by initiatives like Dubai’s Clean Energy Strategy 2050. The Blue Residency Visa is also boosting sustainable property demand and attracting international investments.
UAE developers are integrating sustainability to enhance property values, with recent data revealing 70 percent of investors willing to pay premiums for green facilities.

Research from Property Finder highlights increasing consumer demand for eco-friendly community designs and LEED-certified buildings, which offer environmental, social, and governance benefits.

The UAE's real estate market saw record-high transaction volumes and values in May, driven by sustainability.

Industry leaders, including Property Finder's Cherif Sleiman and Exclusive Links Real Estate's Louise Heatly, emphasize the economic advantages of sustainable developments.

Government initiatives like Dubai’s Clean Energy Strategy 2050 and Abu Dhabi’s Vision 2030 support these efforts.

MD Real Estate's Kika Pavese notes rising consumer interest in green living, particularly in projects like Masdar City and Aldar Sustainable City.

Pavese also highlighted the impact of the UAE’s Blue Residency Visa, a 10-year permit promoting sustainable living and attracting international investments.

This policy is expected to increase demand for sustainable properties and drive the UAE’s position on the global stage.

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