Dubai-based real estate brokerage company “W Capital” said that the Emirate offers a unique model in the field of Real Estate Sustainability to lead the regional markets in this sector, and among the best globally.
Commenting on this, real estate expert Waleed Al Zarooni, chairman of W Capital Real Estate Brokerage, said that Dubai is a pioneer in applying the best technologies and innovation that enhance the value of real estate and establish Real Estate Sustainability Standards, and supports the rapid transformation of these standards, which focus on The Shape of buildings over the next ten years and the carbon footprint related to each building and reduce it to zero.
Al-Zarooni stressed that sustainability imposes fundamental changes in the nature of real estate activity, especially since innovations in this field do not stop, and there are new ones every day, so we must focus on foreseeing the future of Real Estate Sustainability, and standing on the best foundations to help achieve the state’s plans in this regard.
Waleed Al Zarooni pointed out that Dubai is a leader in the real estate sector and will have a positive role to play as a regional center exporting advanced modern technologies in the field of reducing harmful carbon emissions.
Al-Zarooni revealed that the drug is of great importance in the plans for sustainable transformation and reaching zero carbon emissions, as it is responsible for almost 40%, which makes it a priority to be focused on at the climate summits, and it will be present and strongly at the “cop 28” at the end of November until December 12, 2023.
The chairman of the board of Directors of the real estate brokerage company “W Capital” pointed out that the commitment of real estate developers to the required environmental standards will enhance the demand for this category of residential units during the coming period, and it will also be one of the factors attracting foreign investments in real estate.
Waleed Al Zarooni continued: “reducing energy consumption in buildings is essential for a net zero future “ This means that companies need to promote energy optimization via existing assets and new developments. They also need to maximize on-site renewable energy supply, and make sure that all off-site energy is purchased from renewable energy-backed sources where available,”he said.
Al-Zarooni pointed out that Real Estate Sustainability includes two main aspects: the creation of environmentally friendly buildings that provide all the required standards to reduce harmful emissions, and the second aspect is how to treat existing buildings and transform them into sustainable buildings, so Green real estate is a prominent means to alleviate the climate crisis and a major priority for future investments.
Waleed Al Zarooni believes that the process of converting traditional buildings to green buildings provides owners with a unique opportunity to address energy optimization and explore renewable energy sources inside and outside the area where the building is being built, while attracting a growing market of environmentally interested investors, and the growing growth in this area will put pressure on others to follow suit.
He said that the increasing global trend towards Green real estate will put pressure on property owners, developers and tenants to seize the opportunity to rebalance their real estate portfolios in line with global plans and take advantage of the financial advantages and significant savings guaranteed by following sustainable building regulations.
According to Al Zarooni, the matter will be radically different after the climate summit in the UAE, with an exchange of views on the best and most effective mechanisms to enhance the emirate’s rating in this regard.
